On 21st September, I had a very unusual experience – I received a telephone call from a building society! …Perhaps that doesn’t sound too unusual, after all, many of us have received marketing cold-calls from one financial institution or another, asking if we’d like to change account; take out a loan. However, this call was completely different…
“Hello Mr Cousins, do you think Glastonbury’s community would welcome the opening of a new Nationwide Building Society branch in the town?”
The caller was Alan Oliver – Head of External Affairs at Nationwide. He told me that the Nationwide had been really impressed by the Last Bank Standing campaign (our community’s response to all the banks closing in town).
“Unlike other banks,” he contined, “we are investing £500million into opening new branches – and we’d like to consult over the next month to see if there is an appetite in the town. What do you think?…”
Well, I thought: Yes!
And that is exactly what the Nationwide are going to do.
So – the question is would you welcome the opening of a new Nationwide Building Society branch in Glastonbury? They are holding an on-line poll HERE. Why not let them know?
Here’s what Move Your Money UK has to say:
Nationwide is the largest building society in the world, and commands an impressive branch network that rivals even the Big 5 banks. It has an excellent track record in contributing to the real economy and in ethical lending, partly thanks to its strict code of human rights standards on its supply chain.
What’s more, Nationwide shows that better banking can also provide great returns, with its impressive FlexDirect current account offering 5% AER on balances up to £2,500 for the first year – far higher than even most savings accounts. You can also share £200 when you recommend a friend who uses the switch service to move to Nationwide. [correct as of 01/09/15].
Nationwide also takes a responsible approach to lending, with mortgage arrears rates less than two fifths of the industry average by March 2013. With basic bank accounts open to people on a low income, and savings accounts available from only £1 investment, moving your money to Nationwide is a great way of gaining a first-rate service whilst also supporting the society that we all share.
Move Your Money UK – a national campaign for a banking system that helps to build and support a just and sustainable society.