Nationwide Building Society

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Nationwide Building Society has increased the interest rate on its FlexDirect current account to a "market-leading" 5%. The 5% AER rate (4.89 gross) will be available for new applications2 opened from 21 June on balances up to £1,500 for the first 12 months. Those switching their current accou

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Nationwide Building Society has appointed Debbie Crosbie as its next chief executive and executive director. The selection process has been led by Kevin Parry, the society's deputy chairman and chairman-elect and follows the announcement in September that after nearly six years in the role, the curr

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Nationwide Building Society has seen its first-half profits more than double to £853 million, compared to £361m in the first half of 2020. For the six months to September 30, the lender saw its net interest income grow to £1,706m, compared to £1,448m in 2020, with higher marg

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The number of sub-1% mortgages on offer in the UK has increased as major banks and lenders extend their ranges. HSBC UK has unveiled a rate below 1% for the first time in nearly five years, while Nationwide Building Society is offering a 0.99% mortgage fixed for two years for borrowers with a 40% de

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Nationwide Building Society has seen its profits almost double to £823 million throughout the Covid-19 pandemic as its customers saved an extra £10 billion over the last year. The lender, which is the UK's biggest building society, revealed a huge rise in deposits as customers chose to s

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Members of Nationwide Building Society are switching to green energy as the society takes action to help beat the looming energy price increase. The society is encouraging its members to take advantage of a six months’ free subscription to Switchd – an energy comparison tool that constan

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Nationwide Building Society has announced that it will be closing all branches and call centre operations at the weekends amid the current coronavirus crisis. After previously unveiling plans to close 50 branches and reduce opening house, the building society distributed a letter to its clients anno

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Nationwide Building Society has delayed the launch of its business account due to 'slower than expected' progress in bringing the account to market. Nationwide is continuing to test its mobile app and is still in the process of building an Open Banking-powered switching tool.

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Nationwide Building Society has seen a decline of 40% in profits following a late surge in payment protection insurance (PPI) claims and substantial investment in company infrastructure. Nationwide faced charges of £36 million for PPI compensation as a surge of customers claimed for compensati

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A number of community housing projects and charities are celebrating after successfully securing funding from Nationwide Building Society’s Community Grant Fund. Nationwide is supporting Scottish charities tackling the many issues associated with housing, and therefore made £500,000 avai

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