Why Nationwide
Why invest through Nationwide?
We understand that everyone has different reasons for investing – perhaps you are aiming to pay for your children's education, or build a savings pot ready for your retirement.
Whatever your reasons for investing, we believe that there isn't one investment product that fits all. That's why at Nationwide we aim to offer customers a range of funds that have different features.
As a building society we're run for our members' benefit rather than shareholders.
- Protected Equity Bond available from just £3,000
- Access to fully qualified Senior Financial Consultants
Why we've chosen Legal & General to provide the Protected Equity Bond:
We've partnered with Legal & General so that you can benefit from their experience, knowledge and great service.
The Legal & General Group, established in 1836, is one of the UK’s leading financial services companies. As at 30 June 2011, the Legal & General Group were responsible for investing £370 billion worldwide on behalf of investors, policyholders and shareholders. They also had over seven million customers in the UK for their life assurance, pensions, investments and general insurance plans.
Your point of contact
Legal & General will be your Protected Equity Bond plan manager and point of contact. Please see the Key Features and Terms & Conditions Document for contact details.
Compensation
What is the Financial Services Compensation Scheme? - The Financial Services Compensation Scheme (FSCS) is designed to help provide compensation in the event of a financial institute failing. The FSCS covers deposit accounts for 100% of the first £85,000 of each customer's eligible claim per firm.
The following section explains where your money is held during different stages of your investment:
Compensation
|
Before the start date and after the fixed term |
During the fixed term |
| Where is my money held? |
Legal & General place your money in a client account with a bank or building society. This is currently Royal Bank of Scotland plc. |
Your money is held by Nationwide Building Society acting as deposit taker. |
| Is my money secure in the event that the bank/building society holding my money become insolvent? |
Yes - subject to the £85,000 FSCS limit per provider. Any investment will contribute towards your total deposit holding with The Royal Bank of Scotland plc and any subsidiaries that currently trade within the group. |
Yes - subject to the £85,000 FSCS limit per provider. Any investment will contribute towards your total deposit holding with Nationwide Building Society Group, which includes any amounts held with Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society and Nationwide (UK) Ireland. |
| Does my money have the same security as a traditional savings account? |
Yes |
Yes |
Further details on compensation arrangements are available in the Key Features and Terms & Conditions Document or direct from the FSCS.
If you need further advice, please contact one of our Senior Financial Consultants for a no-obligation review