Who owns whom?
| Provider | Parent company & country of origin |
|---|
| NatWest | Royal Bank of Scotland plc, UK |
| Nationwide Cheshire Building Society Derbshire Buidling Society Dunfermline Buidling Society*** | Nationwide Building Society, UK |
| Newcastle Building Society | Newcastle Building Society, UK |
Nationwide completed a merger with Portman Building Society on 28 August 2007, creating a mutual body with assets of over £160 billion and around 13 million members.
There has been no serious attempt by members to convert Nationwide to a bank since 2001, a move that would supposedly trigger windfalls. The failed demutualisations of Halifax, Bradford & Bingley and others suggest there is unlikely to be pressure for a member vote on this issue for some time.
Nationwide hailed its place among the prestigious 50 having moved up from 41st from 46th last year. Graham Hughes, of Nationwide, said: 'This is further evidence that Nationwide's business strategy of being safe, secure and dependable is successful and puts the society in an excellent position in the market place.
adjective. covering or available to the whole of a nation; nationala nationwide survey. WORD OF THE DAY.
When was nationwide founded?
Our products
- Current accounts. Accounts for everyday banking.
- Credit cards. A range of competitive offers.
- Savings. Make your money work harder.
- Mortgages. Helping people for over 130 years.
- ISAs. A tax efficient way to save.
- Loans. Borrowing made simple.
- Investments. Plan your financial future.
- Insurance.
What makes me a member? You're a member if you have a current account, mortgage or savings account with us. We're sorry but our corporate savings accounts, personal loans, credit cards, investment and insurance products don't make you a member, and nor do products from our subsidiaries such as The Mortgage Works.
However, the two strongest are
Santander (AA) and
HSBC (AA-). Hence, according to S&P, your money is a little safer in these two global banks than in their four UK-based rivals.
1. Credit ratings.
| Bank | S&P's long-term rating |
|---|
| HSBC | AA- (Very strong) |
| Barclays | A+ (Strong) |
| Lloyds | A+ (Strong) |
| Nationwide BS | A+ (Strong) |
Lloyds Bank, Lloyds Bank Private Banking. Nationwide, Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society. NatWest. Royal Bank of Scotland.
So let's take a look at who owns each of the bank brands.
- HBOS. Bank of Scotland. Birmingham Midshires.
- Lloyds Banking Group. Lloyds Bank.
- TSB.
- Barclays. Barclays.
- HSBC. first direct.
- Royal Bank of Scotland (RBS)
- NatWest.
- Ulster Bank.
Paragon doesn't share its licence with any other brand, so any savings held can be managed, quite simply within the FSCS Limit and Paragon will remind you of that limit every year. The FSCS also covers a number of other products such as insurance, investments, mortgages, pensions and endowments.
HSBC Bank plc is the 'deposit-taking licence holder' for First Direct and HSBC. Lloyds Bank plc is the 'deposit-taking licence holder' for Lloyds Bank and Cheltenham & Gloucester. This means you'll only be entitled to a total of £85,000 of FSCS protection (even if you have savings with more than one of these brands).
It launched Homeloans Direct in 1995. In 1997 it changed its name to the Paragon Group of Companies. In 2003 it acquired Britannic Money. In 2014, the Paragon Group of Companies PLC launched Paragon Bank which offers a range of internet-based savings accounts and a range of lending products.
Founded in 1852, the Halifax is one of the UK's best known companies. It has enjoyed phenomenal growth over the course of its 160-year history. In the latter years of the 20th century, it made a number of notable acquisitions. These included the Leeds Permanent, Clerical Medical and Birmingham Midshires.
HSBC originally stands for Hong Kong & Shanghai Banking Corporation and was founded in Hong Kong in 1865 by a Scotsman to facilitate British trade activities. NatWest is a UK focussed bank that since 2000 has been part of the Royal Bank of Scotland Group. So besides being competitors in the UK they're not related.
Halifax (previously known as Halifax Building Society) is a British banking brand operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group. It is named after the town of Halifax, West Yorkshire where it was founded as a building society in 1853.
We've been helping people protect what's important for more than 90 years. Over the last 90 years, Nationwide has grown from a small mutual auto insurer owned by policyholders to one of the largest insurance and financial services companies in the world.
Staffordshire Building Society was a UK building society, which merged with the Portman Building Society in 2003, which then merged with the Nationwide Building Society in 2007.
Woolwich Building Society became Woolwich in 1997 and in August 2000 it was purchased by Barclays. The systems ran separately until the accounts were migrated to Barclays' system in August 2007. Then each individual Woolwich account was given a corresponding Barclays account number.
Nationwide currently has approximately 34,000 employees, and is ranked #73 in the 2019 Fortune 500 list.
Nationwide Mutual Insurance Company.
| Formerly | Farm Bureau Mutual Automobile Insurance Company (1926-1955) |
|---|
| Type | Mutual |
| Industry | Financial services |
| Founded | 1926 |
| Headquarters | One Nationwide Plaza, Columbus, Ohio , U.S. |
We want to make sure that we're doing what we can to support our members through challenging times. That's why we've decided to pause our Recommend a Friend scheme, so we can focus on providing banking services and support for our existing members over the next few months.
Yes, you can take money out in one of our branches, at a Nationwide ATM, or you can use our Banking app or Internet Bank to transfer money to any Nationwide savings or current account that's in your name and accepts payments.
Natwest is currently leading the pack with £175 in cash when you open a Reward account - plus you get 2% back on bills.
"Both our new Reward and Ultimate Reward accounts come with the opportunity to earn a fantastic lifestyle benefit and now new applicants will also receive £100 when they switch to us when using the industry switching service.
A lot of people seem to think you can only have one bank account at a time. But you can actually have multiple current accounts with various banks. Having more than one bank account should not affect your credit score, unless you try to open loads of new ones in a very short space of time.
New FlexOne customers - If you're new to Nationwide, you'll need to provide your local branch with ID so they can verify you, this applies even when you open your account online. If you're already a Nationwide customer you may still need to pop in with ID, but we'll let you know at the end of the application.
Full switch: This transfers all of your details and payments from the old account to the new one within seven working days. Partial switch: This transfers the information you want from one account to another, but it doesn't close the existing account.
To refer friends, you'll need to be over the age of 18 and have a Nationwide current account, savings account or mortgage (excluding buy-to-let and commercial mortgages). You can get a refer a friend form from your local bank branch, and you'll then receive a unique link via email which you share with your friend.
