View more on these topics

Comedy on the credit cards

Nationwide Building Society is aiming to raise money for charity with the launch of its Comic Relief credit card.

For every card opened, Nationwide will donate £5.25 as well as 0.5 per cent of the value of all purchases made on the card to the charity.

If a customer spends an average of £2,500 per year on the credit card, Nationwide will donate £12.50 to Comic Relief, to help it tackle poverty and social injustice in the UK and some of the world&#39s poorest countries.

Nationwide has calculated that if just 1 per cent of British households were to buy fuel and pay for other motoring expenses on the card, Comic Relief would benefit by £3.5m a year.

Nationwide chief executive Philip Williamson says: “Fairness is important to Nationwide, both in financial services and in the way we deal with people in our wider communities. Through this new partnership, we are able to help Comic Relief work towards ensuring some of the most disadvantaged people are given a fairer deal. This is one red card everyone will be pleased to see.”

Comic Relief chief executive Kevin Cahill says: “Nationwide has been a great supporter of Comic Relief over the past few years. The Society sponsored our Big Red Football Tour of the UK last Red Nose Day so it is great to be teaming up with them to launch our new credit card.”

Recommended

Sarasin creates income portfolio

SARASIN SARASIN CI INCOME PORTFOLIO Type: Unit trust Aim: Income by investing in bonds, equities and cash Minimum investment: Lump sum £2,500, monthly £100 Place of registration: Guernsey Investment split: Bonds 70%, equities 20%, cash 10% Yield: 4.5-5% Isa link: No Charges: Initial 4%, annual 1.25% Commission: Initial 3%, renewal subject to negotiation Tel: 020 […]

National Counties Building Society – National Counties Fourth Issue Savings Bond

Thursday, 12 September 2002 Type: High interest account Minimum-maximum investment: £2,500-£25,000 Interest rates: Three year term &#45 4.55% gross a year, 4.3% gross a month, existing customer of two years or more 4.8% gross a year, 4.55% gross a month. Five year term &#45 4.75% gross a year, 4.5% gross a month, existing customer of […]

Third of elderly wish they had saved more

A third of UK pensioners regret not saving enough for their retirement and would prefer to have started a pension earlier, according to research by online stockbroker comdirect.Thirty-five per cent of people in their 60s and 29 per cent in their 70s wish they had not put off investing in a pension.Not starting a pension […]

FSA director quits after five months

FSA director insurance firms David Gittings is quitting his job after only five months to join the board of Wellington Underwriting. The FSA stresses there was no acrimony or dispute over policy despite the short notice period – Gittings is set to leave the regulator and take up his new job next Monday on September […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com