Nationwide rewards existing customers

Nationwide is launching a book of offers containing ten money saving deals including reward payments, cashbacks, discounts and shopping vouchers.

The ten deals, most of which are on offer from March 19 to May 5, include a £100 payment given to existing Nationwide customers of six months or more who switch their current account to Nationwide, £100 off Nationwide’s home buyer legal service as well as a £25 cashback to existing customers who take out home insurance.

It also includes a £200 discount on the mortgage reservation fee charged to existing Nationwide borrowers, three months free premiums on mortgage payment protection insurance and £25 of Marks & Spencer vouchers for anyone applying for life cover.

Graham Beale, chief executive designate at Nationwide, says: “As Britain’s biggest building society we are constantly looking to give our members more value and this package of ten money saving offers underlines our commitment to returning tangible benefits to our customers.

“It is because we are a mutual that we are able to ensure our customers benefit from better interest rates than the banks and provide our members with a range of great deals.”

The majority of the latest offers are available to customers between March 19 and May 5 2007, with the book of offers available in Nationwide branches.

The three-month, premium-free period on MPPI is already in place as is the £200 discount on the mortgage reservation charge, which may be withdrawn at any point.