News

• Sunflower Scheme enables members to self-identify where they may need additional support
• Launch of quiet hours in branches aimed at to helping those who may be sensitive to noise
• Visual guide of a branch available online to help members with autism prepare for their visit
• Comes after the Society was the first financial services provider to pilot the lanyard initiative

• Seven in ten undergraduates fear they won’t be able to get part-time work due to Covid
• More than half say they will be left with more debt if they can’t find work at university
• 38% expect to spend less this year as a result of the impact Covid will have on them
• New financial concern this year as 40% admit they don’t know how they’d pay Covid fines
• Nationwide FlexStudent rated one of the UK’s best student current accounts for 2020

With the impending lockdown, Nationwide has been seeing a peak in spending

• Start to Save prize fund nearly doubles as twice as many hit threshold for second prize draw
• 137,000 Start to Save accounts opened by end of September - up 90k since end of April
• Prize fund stood at £89,700 with one in 37 chance of winning, equating to 897 winners

• Ratcheting up of lockdown measures hasn’t seen another surge in supermarket spending
• Total spend across supermarkets (10 Aug – 4 Oct) up by 23% on same period in 2019
• Spend in supermarkets up 10% against earlier in 2020 but without weekly spikes
• London sees biggest increases in spend: six times more than Scotland and Northern Ireland
• Eat Out to Help Out data shows spend fell except on Fridays and Saturdays in 4 weeks after it ended

• Britain’s biggest building society today hosts its fifth Ada Lovelace event at 6pm
• Students invited to join virtual workshops aimed at opening eyes to careers in technology
• Over 200 people signed up but registration spaces still available - register here

• 80% of homeowners aged over 50 willing to improve and adapt home to live independently for longer
• Half (51%) of those expecting to make changes in their home expect to spend £5,000 or more on the improvements
• Cost of age-proofing home is £6,507, slightly less than the annual state pension
• Nationwide offers free consultations on borrowing to pay for future-proofing homes

• In 2019 nearly two thirds of multi-use ATMs saw more cash deposited than withdrawn; rising to more than nine in ten in 2020
• 2020 first year where non-cash usage has outweighed number of cash withdrawals
• Cash still king in Capital as east London market towns top ATM usage league

• Society’s new cloud native Speed Layer provides a near real time data cache improving speed, resilience and security
• This technology will enable the Society to quickly deploy new products and services
• Developed in partnership with Publicis Sapient the Speed Layer is already supporting more than 24 million weekly app log ins

• Two-thirds (66%) of homeowners over 50 worry about covering the costs of care
• Almost half (46%) expect to have to sell their house to afford to live in a care home
• Eight in ten (81%) plan to dip into savings for age-proofing home improvements
• 75% of those in West Midlands worried about care home costs vs 60% in London
• Nationwide offers free consultations on borrowing to cover costs of later life care

• Nationwide strikes three-year deal to help Irish Football Association expand successful Back in the Game campaign
• Initiative seeks to encourage the use of football as a tool to provide long term opportunities for men and women from 35 years and up
• Partnership comes as 71% of people surveyed say disrespect in UK has grown over last two years
• Nationwide pledges to help Irish FA push campaign across Northern Ireland