Cheshire Building Society has announced the launch of a brand new cash ISA with a rate of 3.06% AER tax-free (variable) on balances exceeding £1,000. The rate includes a 2.06% AER tax-free introductory fixed bonus that lasts until 30 September 2013. Cheshire Building Society will write to customers a month before the expiration of the [...]
The latest Nationwide Consumer Confidence Index has revealed that confidence fell by two points in December, down to 38. The present confidence level is the second lowest, with October 2011 at 36 being the only worse month in the Index’s history. The drop in confidence follows a small rise, contrary to the recent trend, in [...]
Nationwide Building Society has released its latest Consumer Confidence Index, which shows that confidence during November rose by four points to 40. This follows five consecutive declines in confidence, and sees confidence seven points lower than at the corresponding time last year and 37 points below its long term average. The Expectations Index also increased, [...]
Nationwide Building Society has urged Chancellor George Osborne to maintain the Stamp Duty threshold at £250,000 for first-time buyers when he makes his Autumn Statement tomorrow. The present threshold was introduced two years ago and is due to last until March of next year, and the building society fears that its removal will damage the [...]
Despite banks being blamed for our economic woes, their retail customers are happier with the service they receive than a year ago, according to the J D Power and Associates 2011 UK Retail Banking Satisfaction Study. HSBC’s First Direct takes first place with a score of 774, followed by The Co-operative Bank (734) and Nationwide [...]
Nationwide Building Society has reported its interim financial results for the period ended 30 September 2011. Underlying pre-tax profits were recorded at £172m, with statutory pre-tax profits of £238m. In the corresponding period last year the firm made an underlying profit of £147m. The building society also reported a Core Tier 1 ratio of 12.7%, [...]
The latest Nationwide Consumer Confidence Index has revealed that confidence fell for the fifth consecutive month in October, dropping nine points to 36. This is less than half the long term average of 78. The Expectations Index reached a new record low, slumping by 14 points to just 48. Confidence has been hit by numerous [...]
Nationwide has today launched a reward scheme aimed at providing its Visa debit and credit card customers with savings on big-name brands. To view the offers, customers need to log onto the building society’s “Simply Rewards” website using the first six digits of their card number. Purchases must be made with a Nationwide credit or [...]
Nationwide and ITV have reached an agreement which will see the first ever paid-for placement of a product on Coronation Street, the UK’s longest running soap opera with around nine million viewers. A Nationwide ATM has been placed inside Dev’s shop with a branded swing board placed outside the premises. Both may appear in episodes [...]
Nationwide Building Society has announced that from 1 November it is launching a new Smart Junior Cash ISA. The new product will pay an overall rate of 3.00% AER tax-free (variable), including an introductory 0.90% until 31 October 2013. The Smart Junior Cash ISA is available to children under 16 who reside in the UK [...]
New research from Nationwide Building Society has revealed that 58% of people are better aware of their personal finances due to online banking. In addition, 33% are more aware of their household finances due to banking online and 23% stated that they were more aware of various financial products, including ISAs, thanks to online banking. [...]
Nationwide Building Society has published its Consumer Confidence Index for September, which reveals that confidence declined for the fourth consecutive month. Consumer confidence is now just four points above the February all-time low, and growth is predicted to remain weak for the next six months. However, the Spending Index, although down two points, remains significantly [...]
Moody’s has today downgraded the senior debt and deposit ratings of 12 UK financial institutions and confirmed the ratings of one. The firm says its has reassessed the support environment in the UK in the light of “announcements made” and actions already taken, which have “significantly reduced the predictability of state support over the medium [...]
Nationwide Building Society has released the results of its Consumer Confidence Index in August, which saw consumer confidence decline marginally. The month recorded a one point drop in confidence to 48, and follows a two point drop in the preceding month. The drop is perhaps surprisingly small given the riots that engulfed the capital, and [...]
Nationwide Building Society has announced it is launching a new advertising campaign, which is due to commence on Sunday night when a 60 second prime time ad with the slogan Nationwide – ‘On your side’ will be run. The firm’s new advertising slogan aims to reflect the building society ethos of putting customers first, with [...]
Nationwide Building Society has today responded to the Independent Commission on Banking’s (ICB) proposals to separate retail banking and wholesale/investment banking. Nationwide has indicated its support for the proposals put forward, describing the recommendation of ring-fencing as the best way to enable customer deposits remain safe and secure. Nationwide Building Society Group Director Graeme Hughes [...]
This week Nationwide Building Society launched a new online savings account, MySave Online, designed to complement the firm’s present MySave Online Plus account. MySave Online is a variable rate account paying 1.51% AER* (1.50% gross p.a.) on balances exceeding £1, and enables customers to make one free withdrawal per month. More than one monthly withdrawal [...]
Nationwide Building Society has published its July Consumer Confidence Index, which reveals a two point drop in Confidence. This takes the Confidence Index down to 49, almost as low as in January 2011, and no significant improvement is forecast for the rest of the year. July also saw the Spending Index decline by a point [...]
The most recent Which? online banking security survey has placed Nationwide at the top of the league. The survey, included in the magazine’s September issue, addresses a range of online security areas, including logging in and out safely, altering personal details and whether free virus protection is provided. Pete Corrie, Nationwide’s head of financial crime, [...]
