Nationwide

Nationwide

Nationwide is a British building society and mutual financial institution. Headquartered in Swindon, it has additional offices in Glasgow, Bournemouth, Northampton and London. Formed by more than 100 mergers, Nationwide has more than 15 million members and is the largest building society in the world.

Reviews Rating
33%
Review Score
This figure is an average of the reviews score, taken from customer reviews and the overall rating of the bank.
51%
BankRank® Score
This figure is the average of the bank’s total sentiment score and the review scores.
Matt Crabtree
Senior Editor
Matt Crabtree
Matt Crabtree is a senior editor at CompareBanks. He has over 10 years experience in writing about all aspects of finance and is passionate about helping consumers make informed decisions about their money.
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Overview

First Glance

Nationwide is a British building society and mutual financial institution. Headquartered in Swindon, it has additional offices in Glasgow, Bournemouth, Northampton and London. Formed by more than 100 mergers, Nationwide has more than 15 million members and is the largest building society in the world.

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Contact Info

About Nationwide

Nationwide is a British building society and mutual financial institution. Headquartered in Swindon, it has additional offices in Glasgow, Bournemouth, Northampton and London. Formed by more than 100 mergers, Nationwide has more than 15 million members and is the largest building society in the world.

What is now Nationwide began life in the nineteenth century, with the Northampton Town & County Freehold Land Society and the Southern Co-operative Permanent Building Society. The Co-operative Permanent changed its name to Nationwide Building Society in 1970, merging with Anglia Building Society in 1987. The new company was initially known as Nationwide Anglia Building Society but changed to simply Nationwide in 1992.

After the financial crisis of 2008, Nationwide acted to protect the mutual financial sector and acquired several smaller building societies.

Nationwide is committed to maintaining its mutual status and was by far the biggest British building society that didn’t convert to bank status in the wave of demutualisations of the late 1980s. Subsequent proposals to change to full bank status have not been actioned.

Nationwide Products and Services

Nationwide business customers can choose from a range of savings accounts with strong interest rates. These include notice accounts, fixed-rate accounts and instant access accounts.

These accounts are designed for SMEs with no more than 250 employees and a turnover of less than £45million. A range of corporate banking accounts are available for larger companies.

Nationwide members who have a current account, savings account or mortgage get a better rate of interest when taking out a loan (although loans are available to non-members as well). Customers must earn at least £700 a month. Once agreed, funds can be cleared into the borrowers’ account within two hours.

Nationwide also offers a range of current and savings accounts, cash ISAs and Junior ISAs.

Security at Nationwide

Nationwide is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority. Deposits of up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS).

Nationwide Contact Details

Nationwide Building Society
Nationwide House
Pipers Way
Swindon
SN38 1NW

Telephone: 0800 302011

Have a question about Nationwide?

Find answers in Q&As and ask your question

What does a person have to do to close my bank account with you, ive tried on line, ive gone to my bank in Lymington UK, writen to you, the last letter was on 1-12-22 and yet you still dont do it, are you running a scam or are you committing fraud , why can you do as i have asked, this so far has taken twelve months, i will be suing you for compenshation if you dont sort it NOW !! — Roy Beale

HI, I live in Camden, London NW1 and I need to find my nearest cash deposit atm that is available to use while branches are closed. Can u please advise me, Thanking you in advance, Kind regards, Rachel Cressey — Rachel Cressey

I want to switch from santander to nationwide — Vernon

Nationwide Reviews

lillie-faye cornes
March 26, 2024

“I rang the bank due to receiving a fraudulent message about my parcel asking me to pay £2 for a new label to get it delivered to me,i stupidly payed this before ringing amazon and them telling me it was a scam”

I rang the bank due to receiving a fraudulent message about my parcel asking me to pay £2 for a new label to get it delivered to me,i stupidly payed this before ringing amazon and them telling me it was a scam.I rang nationwide and they quickly dealt with the issue and cancelled this account from ever being able to take money out of my account again as they now have my details.Even offering extra support as to not let this happen again giving me advice that if they call or message again to get them to leave a message for the banks evidence.The lady on the phone was extremely supportive and kind and i would like to thank nationwide for having such great customer service especially over something that was 100% my fault for believing.

Richard Plunkett
March 26, 2024

“I received an email over a week ago informing me my account was under review and my accounts were frozen”

I received an email over a week ago informing me my account was under review and my accounts were frozen. Even though I have thousands of pounds in my account I am currently on day seven where I have not been able to purchase any food and the bank are refusing to discuss the matter or give me any idea when the review will be completed.

Theresa Green
March 26, 2024

“I had a current account with Nationwide as a student and I was very happy with the service until they added charges to my account - the charges were incorrect and all the back and forth I had to do to resolve the issue made me decide to change banks”

I had a current account with Nationwide as a student and I was very happy with the service until they added charges to my account – the charges were incorrect and all the back and forth I had to do to resolve the issue made me decide to change banks. Hopefully they have changed since then because in the early noughties their customer service was shocking, I am happy with my current bank and would not return to Nationwide if they paid me.

Lee Moreton
March 26, 2024

“Don't bank with Nationwide as they treat fraud victims as suspects, despite the Police and the Fraud Bureau saying that your a victim”

Don't bank with Nationwide as they treat fraud victims as suspects, despite the Police and the Fraud Bureau saying that your a victim.

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Nationwide Accounts

2 Year Fixed Rate e‑Bond
2 Year Fixed Rate e‑Bond
Personal, Savings
Monthly Fee
0.50%
Interest Rate
Overdraft
Overdraft Rate
Instant ISA Saver
Instant ISA Saver
Personal, Savings
Monthly Fee
0.01%, 0.03%, 0.05%
Interest Rate
Overdraft
Overdraft Rate
Instant Access Saver
Instant Access Saver
Personal, Savings
Monthly Fee
0.01%, 0.03%, 0.05%
Interest Rate
Overdraft
Overdraft Rate
Inheritance ISA
Inheritance ISA
Personal, Savings
Monthly Fee
0.01%
Interest Rate
Overdraft
Overdraft Rate
1 Year Triple Access Online ISA
1 Year Triple Access Online ISA
Personal, Savings
Monthly Fee
0.25%
Interest Rate
Overdraft
Overdraft Rate
1 Year Fixed Rate ISA
1 Year Fixed Rate ISA
Personal, Savings
Monthly Fee
0.40%
Interest Rate
Overdraft
Overdraft Rate
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