We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
£100 payment - Nationwide Fairer Share
Options
Comments
-
DS_MSE said:I don't know whether anyone has mentioned / posted this already but just spotted this in my Voting Invitation email ....
Having, post Pandemic, introduced their physical 'Hybrid' AGM at Swindon last year - 2022 (where members could either attend and participate in person or Online), seem odd why they would choose to revert to solely Online attendance and participation this year - Now I wonder what the reason for that is ?3 -
GingerTim said:DS_MSE said:I don't know whether anyone has mentioned / posted this already but just spotted this in my Voting Invitation email ....
Having, post Pandemic, introduced their physical 'Hybrid' AGM at Swindon last year - 2022 (where members could either attend and participate in person or Online), seem odd why they would choose to revert to solely Online attendance and participation this year - Now I wonder what the reason for that is ?0 -
Hybrid meetings are normally a disaster. Fully online meetings are more inclusive as members from different parts of the country are more easily able to attend. If the meeting was in London I doubt there would be much representation from Scotland or Northern Ireland.1
-
I'm a bit late to the boat here - I hadn't noticed this scheme until last week. I've been trying to reflect on why I would take this so personally not to be eligible for this - like most people I'm sure, I on occasion miss eligibility for offers and don't think much of it. I think it's to do with the way they've branded this payment - normally a company isn't keen to tell you so plainly that they don't value your custom.
I personally have been a savings customer since I was a child and a member my whole adult life (currently 30s). I used Nationwide for a mortgage to buy my first home last year. At March I had savings and mortgage but I've not had a current account for about 10 years - maybe if they spent a bit more of their money on sorting their online banking out, I would consider it. I'm not in a position to leave given that I've got 4 years left on my mortgage fix but honestly otherwise I would consider it.
I sent them some feedback early last week expressing how disappointed I was to feel like my membership is worth less than that of others. As I say, I find that surprisingly hurtful - not totally sure why.
I did then get a phonecall to discuss my feedback. The guy did listen to what I had to say but it was a pretty pointless call. He was polite, it obviously isn't his fault what's happened. There wasn't really any outcome from the conversation, he said he would log my feedback - something I'd already assumed would happen when I wrote to them. He was mostly keen to explain what else they've done with the other profit and big up their lacklustre Fairer Share bond. Hopefully they do reflect on the feedback they've received - I fundamentally don't think this is an acceptable way to run a building society.
8 -
alibean121 said:I think it's to do with the way they've branded this payment
I know that they are aware of some unhappiness amongst their members. Whether it makes any difference to future decisions remains to be seen.
In the meantime make sure they hear your voice. Make a complaint, email the CEO, vote against the AGM resolutions.7 -
Plus it's much harder for angry members to heckle or boo
or chuck rotten tomatoes at the Board of Directors.....
0 -
I think Nationwide have 'Lost the Plot'
Just received an email headed 'Higher interest rates on some variable savings accounts' dated 21/06/23
Drum Roll please .... but don't hold your breath you have got to wait until the 1st July when
1 Year Triple Access Online ISA Issue 14 will be increased by 0.10% to 3.30%
1 Year Triple Access Online Saver Issue 15 will be increased by 0.10 % to 3.30% and 'Hold on to your Hats'
Instant Access Saver Issue 11 will also be increased by 0.10% to 1.35%
I think the Treasury Committee need to drag Debbie Crosbie in for a little chat - that is if she is still CEO after the AGM !
3 -
1.35%
They would have been better off leaving it be and not drawing attention to it.
Debbie will still be CEO next month and beyond. She'll make a statement about how they have successfully engaged with their membership and how mutuality is stronger than ever. Then they'll put mortgage rates up for the third or fourth time in a month.
2 -
DS_MSE said:I think Nationwide have 'Lost the Plot'
Just received an email headed 'Higher interest rates on some variable savings accounts' dated 21/06/23
Drum Roll please .... but don't hold your breath you have got to wait until the 1st July and
1 Year Triple Access Online ISA Issue 14 will be increased by 0.10% to 3.30%
1 Year Triple Access Online Saver Issue 15 will be increased by 0.10 % to 3.30% and 'Hold on to your Hats'
Instant Access Saver Issue 11 will also be increased by 0.10% to 1.35%
I think the Treasury Committee need to drag Debbie Crosbie in for a little chat - that is if she is still CEO after the AGM !boingy said:1.35%
They would have been better off leaving it be and not drawing attention to it.
Debbie will still be CEO next month and beyond. She'll make a statement about how they have successfully engaged with their membership and how mutuality is stronger than ever. Then they'll put mortgage rates up for the third or fourth time in a month.
If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
Whilst I believe a CEO doesn't necessarily need to hold an elected seat on the board in some companies / organisations (please correct me if am wrong), if Debbie Crosbie lost her elected seat I cannot see that she would have a Mandate from its Members to remain in position as CEO by effectively losing a Vote of Confidence ?
From my perspective Nationwide are either being Arrogant or Stupid but probably both, to announce these paltry increases the Day before the BoE is expected to raise the Base Rate again, when some of their competitors, even prior to tomorrows announcement, were already paying circa 4.00% for similar Limited Access Products, so I can't see even Savers, with a 'Deep Relationship' despite receiving their handout, remaining loyal with Rates this low. !1
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards