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Nationwide Bank
Although it does now offer bank accounts, the Nationwide is a building society, not a bank; and maintains mutual status. That means it is owned entirely by its members, and is not a publicly limited company (plc). Any profits go straight back to the membership, and not to shareholders. The Nationwide is the largest building society in the world, and committed to remaining mutual. After its most significant merger back in 1987 (when Nationwide swallowed up the Anglia Building Society), the Nationwide now stands as the fifth largest mortgage lender in the UK and the ninth largest personal banking provider.
The Nationwide maintains a strong branch network (plus further estate agency operations) and also owns UCB Home Loans, a specialist lender for bad-credit mortgage lending cases.
Despite being originally a mortgage lender, Nationwide bank products have been innovative too. The FlexAccount in 1987 was the first current account to bear interest, and in 1991 they launched the world's first Delta debit card.
As well as Nationwide bank and mortgage accounts, you'll know the company from their continued sponsorship of the football league- the public face of a community programme which also includes the "Cats Eyes for Kids" road safety campaign.
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