Nationwide rewards loyal savers through special bonds with extra interest.
Instead of this, would being entered into a savers' monthly prize draw for up to £100,000 be more attractive to you?
Share your thoughts. Please SCROLL DOWN to comment or view comments.
Posted by Nationwide team
Been with nationwide for over 5 years: have credit card, current account and all savings with them. Would like to see some sortof loyalty E-bonds starting at 18 months for short-term savers.
Date posted - 11/11/2011 12:51:16
In response to Taj: We keep customers informed about loyalty offers via mail, in branches, on our website, and in newspaper adverts. Please also ensure that you have not chosen to opt out of receiving our marketing materials by post and email. You need to be opted in to marketing so that we can contact you direct about these offers. You can view your marketing preferences by logging in to the Internet Bank.
Date posted - 04/11/2011 14:11:38
My husband snd I have considerable savings with Nationwide but have not heard of any loyalty offers. Does one need to keep checking in branch or do you write to us when one is about to be launched?
Date posted - 04/11/2011 14:04:04
I would like to see a monthly cash draw for customers too.
Another suggestion is for a better interest rate a/c for thoses customers who have remained loyal to N/W for 10yrs or more.
Date posted - 04/11/2011 11:05:54
Silver surfer said:
I would agree with Grahame, rewards given by Nationwide should be commensurate with each members loyalty to Nationwide, thus the longer the membership, the greater the reward
Date posted - 04/11/2011 11:05:16
I would be happier to have loyalty savers bonds, as I have been with the Society from since my parents started my first passbook account with a savings book piggy bank. I am happy to be a member of a longstanding financial institution, and think members who save should be rewarded in these times of "Never mind tommorrow"
Date posted - 03/11/2011 13:57:50
I am a little uncomfortable with the idea of a prize draw, as the purpose of a mutual Building Society is for all members to support each other towards their aims of house-buying, etc, without anybody profiting excessively from this endeavour.
However, with savings rates being so incredibly low at present, a relatively small prize draw (so as not to benefit any one member excessively) would perhaps be a welcome morale boost for savers.
I'd much prefer to see a draw where 10 members each win £10 000 (or 100 members win £1000), rather than just one very lucky person winning £100 000 from the 'sweat of the brow' of the foregone interest of all of the other members.
Date posted - 31/10/2011 22:00:37
MESSAGE FROM THE NATIONWIDE TEAM: Thanks for all your comments so far. Please keep them coming as this Talking Point will remain active for a little longer. If you don't want to leave a comment you can let us know your views by clicking on the agree buttons alongside the comments you like.
Date posted - 31/10/2011 10:00:44
Have been a customer with you since 1964 and would prefer you to carry on with loyalty bonds with decent rates of interest if i want premiun bond type draws i can always buy premium bonds:-)
Date posted - 31/10/2011 09:29:37
I'd like to see better interest rates instead of a monthly draw,particularly for a savings account to be operated in branch. Not everyone is able to bank online or indeed comfortable with it, and branch accounts always lose out
Date posted - 31/10/2011 09:28:47
See more Your voice articles
We openly discuss issues which directly affect you. Here, our Directors have responded to some of your questions
Read our responses
TalkBack events bring members and Directors together. Put your questions to those who run the Society on your behalf.
Read more about TalkBacks
See more Your society articles
See more Your news articles