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
43%
Review Score
This figure is an average of the reviews score, taken from customer reviews and the overall rating of the bank.
56%
BankRank® Score
This figure is the average of the bank’s total sentiment score and the review scores.
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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

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Have a question about Nationwide?

Find answers in Q&As and ask your question

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

Ian Black
June 22, 2022

“Disgustingly immoral bunch of people. The gave us mortgage approval and all was going well until we had to pull out of our house purchase due to a survey issue”

Disgustingly immoral bunch of people.
The gave us mortgage approval and all was going well until we had to pull out of our house purchase due to a survey issue. Don’t worry the Nationwide said, find another house and we can proceed.
We found another house, instructed solicitors to proceed. It was at that point, the Nationwide declined to issue us with a mortgage as we no longer met their new criteria. Thanks a bunch you good for nothing buch of bar stewards, left us homeless. Luckily, Barclays came to the rescue with absolutely brilliant service and we are no longer homeless. DO Not USE THIS BUNCH !!! would be my recommendation.

Andy Steadman
March 18, 2022

“had been a member for many years and recently closed all of my accounts following a lack of interest in the retention of business from the CEO”

had been a member for many years and recently closed all of my accounts following a lack of interest in the retention of business from the CEO. Following this I asked them to erase all of my data and following some very inconsistent replies saying it's 12 years and then only 6 I received a final email from them saying that they would not reply to any further correspondence saying that any further contact from me would be marked as unanswered.
How rude is that?

I had previously asked for copies of all of my data which I did receive a link to and you would be amazed how much and what they retain. So I have made a note to contact them in 6 six years to have it all removed as one of the things that they never assured me of was that it would actually be deleted even then. Time will tell, so be warned and maybe check out your position.

Robert Ellerton
March 7, 2022

“I've been with Nationwide for over 25 years and would recommend them to anyone wishing to change their bank”

I've been with Nationwide for over 25 years and would recommend them to anyone wishing to change their bank.

Peter Lovett
January 17, 2022

“I've been with nationwide for about 11 years, I find them very good all round”

I've been with nationwide for about 11 years, I find them very good all round.

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Nationwide Accounts

FlexOne
FlexOne
Personal
Monthly Fee
1%
Interest Rate
No
Overdraft
Overdraft Rate
FlexBasic
FlexBasic
Personal
Monthly Fee
0%
Interest Rate
No
Overdraft
Overdraft Rate
Future Saver
Future Saver
Personal, Savings
Monthly Fee
1.00% AER/gross a year (Variable) if you have a main current account with us. 0.50% AER/gross a year (Variable) for all other customers.
Interest Rate
Overdraft
Overdraft Rate
Start to Save
Start to Save
Personal, Savings
Monthly Fee
1%
Interest Rate
Overdraft
Overdraft Rate
2 Year Fixed Rate Bond
2 Year Fixed Rate Bond
Personal, Savings
Monthly Fee
0.50%
Interest Rate
Overdraft
Overdraft Rate
2 Year Fixed Rate e‑Bond
2 Year Fixed Rate e‑Bond
Personal, Savings
Monthly Fee
0.50%
Interest Rate
Overdraft
Overdraft Rate
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