NATIONWIDE MORE POWER NATIONALLY!
Advantages GREAT FOR MEMBERS, HIGHER RATES FOR SAVINGS AND LOWER RATES FOR BORROWINGS EQUALLING HAPPY CONSUMER
Disadvantages BAD FOR SHAREHOLDERS DUE TO MUTUALITY
The Author
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24/06/2003
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23/06/2003
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THIS BUILDING SOCIETY HAS SURVIVED MANY ATTEMPTS TO DE-MUTUALISE AND BECOME A PRIVATE COMPANY WITH THE INTERESTS OF SHAREHOLDERS AS A PRIORITY. ALL CREDIT TO MANAGEMENT KEEPING NATIONWIDE'S MUTUAL STATUS WHICH BENEFITS MANY HOMEOWNERS THROUGH LOWER INTEREST RATES AND SAVER THROUGH HIGHER RATES COMPARED TO HIGH STREET COMPETITORS. UNLIKE ABBEY NATIONAL, NATIONWIDE DID NOT SELL OUT. NATIONWIDE PROVIDES ACCOUNTS SUCH AS SMART2SAVE FOR THE UNDER 16S WITH SMART ACCOUNTS FOR UNDER 18S ALSO A WIDE RANGE OF INSTANT ACCESS TO NOTICE ACCOUNTS FOR ADULTS. NATIONWIDE WILL FOREVER REMAIN A BUILDING SOCIETY WITH ITS CURRENT STRUCTURE OF EXCELLENT CUSTOMER TREATMENT EXPLAINING ALL JARGON MAKING IT EASIER FOR LAYMANS TO UNDERSTAND. FULLY RECOMMENDED ETHICAL ORGANISATION ALSO CONTRIBUTING TO THE LOCAL COMMUNITY WHICH IS MORE THAN I CAN SAY FOR OTHER HIGH STREET NAMES.
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Tribute 25/06/2003 19:27
m.lyon 25/06/2003 19:09
As with your other op there is a lot of promise here. Some info around how you can open accounts, customer service and actual interest rates would have got you a higher mark. Again if you edit this let me know and i'll gladly re-rate. Cheers marc
Lizard_Lover 22/06/2003 01:35
I'm sorry for the UH but you haven't really told us about what services the Nationwide provide. If you decide to update, please leave me a message and I'll re-rate. Sara X
magicloudz 22/06/2003 01:33
More detail and losing the caps would be good here for higher ratings:) -Jon
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WRITING IN CAPS IS HARD TO READ! AND YOU NEED MORE INFORMATION HERE!! LET ME KNOW IF YOU EDIT!!! I'LL COME AND RERATE ACCORDINGLY!!!! NATIONWIDE HASN'T SURVIVED ATTEMPTS TO BECOME A BANK ANYWAY!!!!! THEY HAVE AN ALMIGHTY GREAT VOTE EVERY COUPLE OF YEARS!!!!!! THE PEOPLE WHO INVEST WITH NATIONWIDE DECIDE WHO DIRECTS THE COMPANY!!!!!!!!!!! SHOULD THAT PERSON EVER BE ONE WHO WANTS TO MAKE IT A BANK - AND THERE ARE PEOPLE IN THE BOARD OF DIRECTORS WHO WISH FOR THAT TO HAPPEN - THEN IT WILL!!!!!!!!!!!!!!!! THEY CAME VERY CLOSE LAST YEAR, THERE WERE 5 PEOPLE OUT OF ROUGHLY 8 RUNNING TO BE CHIEF EXECUTIVE WHO WOULD HAVE CONVERTED!!!!!!!!!!!!!!!!!!!!!!! BUT PHILLIP WILLIAMSON WON AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!! IT'S NOT NICE TO SHOUT MY THROAT HURTS!!!!!!!!!!!!!!!!!!!! cough