Product news

• Nationwide continues to reinvest profits for the benefit of its members
• £340m Nationwide Fairer Share Payment to reward eligible members with £100
• Society also launches two-year Nationwide Fairer Share Bond for existing members with 4.75% interest rate
• Society announces strong annual results, including returning over £1 billion back to members in better rates and incentives, and continues to lead on customer satisfaction

• New Green Additional Borrowing will support up to 5k Nationwide mortgage holders to green their homes
• Product available across two and five-year fixed terms with a maximum loan size of £15,000
• Entire loan must be spent on green home improvements, such as solar panels or air source heat pumps
• First time Society has offered members 0% mortgage product to support decarbonising housing stock
• Product to test whether reducing interest rate will encourage people to make homes more energy efficient

Nationwide Building Society is launching new Fixed Rate Online Bonds and Fixed Rate Branch Bonds on Thursday 4 May.

Nationwide Building Society is today announcing increases across all of its on and off-sale variable rate savings accounts. The changes, effective from 1 May 2023, will see the Society increasing rates by up to 0.35 per cent.

• Nationwide Spending Report shows essential spending was 43% higher than non-essential spending in March
• Non-essential spend remains high as inflation keeps costs up; 6% up year on year
• Despite cost-of-living concerns, more than a quarter admit they will still prioritise spending on holidays
• Poll reveals 67% worried about current state of finances & ability to cover essentials – up from 63% last month
• Nationwide’s data shows 91% of debit card transactions under £100 in store are done by contactless

The Mortgage Works (TMW) will be reducing rates on selected products across its range by up to 0.50 percentage points from Wednesday 19 April.

Nationwide Building Society is reducing selected fixed rates at 90% and 95% LTV by up to 0.20 percentage points and switcher rates by up to 0.30 percentage points, effective from tomorrow, Friday 14 April.

Following the 0.25% increase in the Bank of England Bank Rate on Thursday 23 March, mortgage members who are on Nationwide’s Base Mortgage Rate (BMR)1 and Standard Mortgage Rate (SMR)2 products will see a rise of 0.25%.

Nationwide Building Society is today announcing increases across a range of variable rate savings accounts. The changes, effective from 1 April 2023, will see the Society increasing rates by up to 0.50 per cent. 

The Mortgage Works (TMW) is tomorrow (30 March 2023) launching a new 55% Loan-to-value (LTV) buy-to-let range for new and existing customers, covering house purchases and remortgages.

• Nationwide’s Spending Report: essential spending up 12% year-on-year and non-essential spending up 9%
• Number of transactions made this February up 10% compared to the year before
• Separate poll reveals 38% used credit cards in last 6 months to cover essential items to make it to next payday
• 63% worried about current state of finances and ability to cover essentials – down 7% on last month
• Subscription spending continues to decline with 23% having reduced or cancelled TV subscriptions

Nationwide Building Society is reducing rates across its fixed and tracker mortgage range by up to 0.45 percentage points, effective from tomorrow, Friday 24 March.