Nationwide customers benefit from record profits

Nationwide customers have benefited to the tune of about £300m (€427.2m) in the last six months, the building society said today as it announced record first half pre-tax profits.

Britain’s biggest mutual said its members had enjoyed better interest rates and lower fees and charges than those offered by its rivals in the first half to October 4. Last year’s equivalent figure was £272m (€387.3m), it said.