Retail savings

The great majority of our retail funding is in the form of UK retail member deposits. Nationwide has a strong retail funding franchise with balances of £120.9bn at 4 April 2010, the second biggest provider of retail savings in the UK.

Over 70% of the Group’s funding remains from retail sources and we continue to be perceived as a safe harbour for savings. In the face of increased levels of competition for retail savings, we continue to enhance our savings range to maintain our competitive position.

As well as our core retail savings business within the UK Nationwide also has subsidiaries in the Isle of Man and the Republic of Ireland.

We provide a wide range of retail savings products which may be repayable on demand or notice and which may pay a variable or fixed rate of interest.