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The Latest Breaking News from Nationwide

What are the best savings account offers as Nationwide launches 8% with £200 bonus

Comes as Bank of England decides to freeze interest rates at 5.25 per cent for first time in two years

The Independent UK

Nationwide Building Society launches 8% savings rate and £200 switching offer

According to financial information website Moneyfacts, the last time a cash regular savings account was offering a rate of 8% was in 2013.

The Independent UK

How interest rates announcement will affect mortgages and savings

There is light at the end of the tunnel for mortgage holders but savers face lower rates

The Independent UK

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read the most diverse news in one place.

Nationwide cuts mortgage rates within hours of Bank of England pausing hikes

The Bank of England ended its cycle of 14 consecutive rate hikes today

Evening Standard

What are the best savings account offers as Nationwide launches 8% with £200 bonus

Comes as Bank of England decides to freeze interest rates at 5.25 per cent for first time in two years

The Independent UK

32% of people ‘have £100 or less left in their account at end of each month’

One in 11 people said they have no money left in their account at the end of the month, according to Nationwide Building Society.

The Independent UK

Bank of England governor says ‘no room for complacency’ after leaving interest rates on hold – as it happened

BoE policymakers were split 5-4 on interest rates this month, with a narrow majority voting to leave Bank rate at 5.25%

The Guardian - UK

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Nationwide launches 8% account as battle for UK’s savings intensifies

Building society’s regular saver for current account holders is one of a growing number paying 6% interest or more

The Guardian - UK

Nationwide Building Society launches 8% savings rate and £200 switching offer

According to financial information website Moneyfacts, the last time a cash regular savings account was offering a rate of 8% was in 2013.

The Independent UK

Proportion of UK house sellers cutting asking price reaches ‘highest in over a decade’

More than 36% of properties have had asking price cut at least once — the highest figure since 2011

The Guardian - UK

UK mortgage war ‘under way’ as lender offers 4.99% fixed rate

Brokers say borrower confidence likely to lift after the first below 5% deal surfaces since June with more offers likely soon

The Guardian - UK

UK house prices tumble 4.6% in year to August; pound at lowest since June – as it happened

UK house prices are falling at fastest pace since 2009 on annual basis, reports Halifax, down in every region

The Guardian - UK

NatWest and HSBC cut mortgage interest rates again, and brokers predict other top lenders will follow

The UK’s top lenders have now been cutting mortgage rates for six weeks

Evening Standard

Ex-Nationwide teller in London jailed for part in £130,000 bank fraud

Nathan Gilbert, of Enfield, changed the account details of customers and fraudulently issued passbooks

The Guardian - UK

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The Independent UK

Britain no longer an economic outlier after ‘extraordinary’ GDP upgrade by ONS

Jeremy Hunt said ‘those determined to talk down the British economy have been proved wrong’

The Guardian - UK

UK on recession alert after big falls in factory output and house prices

Signs of distress from very different parts of economy will add to Bank of England’s dilemma over interest rates

Evening Standard

Property prices falling faster than expected as rate rises hit demand

Mortgage experts warned of a ‘mass exodus’ of London landlords with falling prices

The Independent UK

Sharp drop in UK house prices as rising cost of borrowing hits market

House prices fell 5.3 per cent in August, the biggest annual percentage drop since 2009

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news in one place.

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The Guardian - UK

UK house prices fall at fastest rate since 2009, says Nationwide

August 5.3% drop comes as sales completions down by about 40% in first half of year compared with 2021

The Guardian - UK

Surprise jump in US unemployment; UK economy hit pre-pandemic levels in 2021, new data shows – as it happened

Live, rolling coverage of business, economics and financial markets

The Independent UK

House prices fell in August at sharpest annual rate since 2009, says Nationwide

House prices fell by 5.3% annually in August, taking the average property value to £259,153, Nationwide Building Society said.

Fortune

Most Americans worry that Social Security will be drained in their lifetime. And Gen Z thinks they’ll never see their investment

Gen Zers and millennials are especially doubtful that they'll see Social Security payouts by retirement.

Evening Standard

Nationwide cuts mortgage prices as Bank of England economist says interest rates may peak lower, but stay high

The Bank of England’s top economist said interest rates may not peak as high as expected, but should stay high for “sufficiently long”

Kiplinger

Some Americans Put Their Home Insurance Policies at Risk By Delaying Repairs, Survey Finds

Inflation and rising prices are causing delays on maintenance tasks, possibly affecting home insurance coverage.

Evening Standard

Do banks open on bank holidays? History of the holiday and how to check your branch

Bank holidays were introduced by banker, politician and scientific writer Sir John Lubbock

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