LONDON, UNITED KINGDOM — (Marketwire) — 06/13/12 — From 13 June 2012, Building Society is launching –(1). Savers with variable rate accounts at Nationwide are being offered a new alert service highlighting rate changes and new products.
Savers who register for the service can opt to receive a text or email advising them when Nationwide changes rates, regardless of whether the rate is moving up or down.
Registered -SavingsWatch- customers will also receive emails containing details of new variable rate product launches, making them among the first to know of new that may be suitable for their needs. Savers with accounts including a bonus rate will also receive an alert when the bonus rate expires advising them of this.(2)
The new service offers clear and transparent information for savers and builds on the success of the Society-s (i) launched in 2010. In the last financial year, more than 100,000 members have opened loyalty accounts benefitting from more than GBP 3m in additional interest. customers have benefitted from additional interest of GBP 1.5m, due to our promise that savers transferring their cash ISA to Nationwide will earn interest from the day the Society receives their cash ISA transfer application.(3)
Richard Marriott, Nationwide head of savings, said: “Nationwide is committed to doing more to help savers and we have launched SavingsWatch to help keep them better informed about variable rate changes and new variable rate products as they become available.
“Nationwide is the first savings provider to commit to offer this service to send our savers an alert by text or email. We believe this is the sort of clear and transparent savings information that every savings provider should be giving to their customers.
“Since their launch in 2010, our Savings Promises have proved to be a big success among our savers. SavingsWatch is the latest step in the Society-s commitment to savers and demonstrates our endeavour to be on your side.”
A consumer guide to SavingsWatch featuring Richard Marriott is available at . Please feel free to embed onto your website from Wednesday.
About Nationwide Building Society:
– Nationwide Building Society is the world-s largest building society, the UK-s second largest provider and third largest lender. It is also a major provider of , , and .
– With around 16 million members, Nationwide has a relationship with almost a quarter of the UK population. In the first half of 2010/2011 alone we helped 10,000 people buy their first home
– Since the credit crunch began in 2007, Nationwide has remained profitable against a very difficult economic environment. In the year 2010/11 Nationwide made a strong underlying profit of GBP 276 million – up 30% from the previous year
Notes to editors:
For further details including eligibility and terms and conditions, visit .
(i)Nationwide-s Seven Savings Promises
About Nationwide
Nationwide is the world-s largest building society as well as the second largest savings provider and a top-three provider of in the UK. It is also a major provider of , , and . Nationwide has around 15 million members.
Since the credit crunch began in 2007, Nationwide has remained profitable against a very difficult economic environment. In the full year ending April 2012 Nationwide made a strong underlying profit of GBP 304 million – up 10% from the previous year.
Customers can manage their finances in branch, on the telephone, internet and post. The Society has around 16,000 employees. Nationwide-s head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.
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Contacts:
Anthony Hua
01793 657770
Michelle Slade
01793 657500