News

• British office workers spend £1,715, including on nights out, coffees, birthdays and charity
• Feelings of unhappiness and pressure occur when requests for money do the office rounds
• A third borrow money from colleagues with more than one in ten not paying the money back
• Eight in ten office workers socialise with colleagues; more than one in ten out 4-6 days a week

Nationwide Building Society will be accepting mortgage applications from those looking to participate in the Scottish Government’s first-time buyer equity share scheme, the First Home Fund, which launches today.

• Action on Empty Homes figures show there are 226,000 vacant properties in the UK
• Nationwide Building Society asks Government to create £185m Empty Homes Fund
• Incentives should include Council Tax holidays for first-time buyers and tax perks for local authorities

On 13 December, Nationwide Building Society will launch a new issue of its Triple Access Online Saver/ISA.

The new rates of interest are:

• Triple Access Online Saver – 1.10% AER/gross for 12 months
• Triple Access Online ISA – 1.10% AER/tax-free for 12 months

• People spend an average of £725 at Xmas on presents, preparations and workplace festivities
• But more than a third don’t budget at all, while 81 per cent of those who do overspend
• Nearly one in five admitted to struggling last Christmas, with one in 20 left in significant debt

Assessment Period 1 (July 1st, 2019 – September 30th, 2019)

• Major survey from Nationwide reveals stark contrasts in how different generations save
• One in ten 18-34-year-olds don’t know difference between a current account and savings
• Nationwide data shows those aged 66-75 twice as likely to have £1k savings than 18-25s
• But younger savers more likely, and willing, to discuss finances with friends and family
• As Black Friday arrives, Nationwide is encouraging people to start saving regularly

Nationwide Building Society today announces that it will invest in fintech for good platform Percent. Percent’s mission is to revolutionise donating money by using the latest technology to enable people to raise money for their favourite cause, via the innovative Percent App, simply by spending as they normally would.

• Member Credit Card offers unlimited commission-free usage worldwide
• Card offers choice of two introductory offers: 0% on balance transfer for 18 months or a 15-month 0% offer on purchases and balance transfers
• Only card on market to offer travel benefit and choice of interest free introductory offers

• Nationwide members predicted to collectively spend over £125,000 a minute on Black Friday
• Mobile Bank logins up a 20 per cent compared to regular Friday as shoppers check balances
• Brits spend more instore than online, but average online transaction is nearly double (£48 vs £25)
• But poll shows a fifth regret their impulse purchases and end up returning items just days later