February 2015 – Profits at “Your” Nationwide Building Society doubled as members chase interest paying bank current accounts while their poor savings account interest rates continue to tumble even further.
“Your” Nationwide Building Society chief executive, Graham Beale, said “As a mutual, we are firmly committed to meeting the needs of our members and our performance is testament to this.”
Our Comment – Mr Beale continues to cut the interest rates on members’ savings accounts. Last year, Mr Beale received a bonus of £1.3million. So more cuts for savers and more money for Mr Beale.
“Your” Nationwide!