The Nationwide has reported a 155% leap in half-year underlying profits, citing more lending and a rush of new customers coming to it from high street rivals.
Nationwide is Britain's biggest customer-owned lender and the the third biggest mortgage lender.
Dissatisfaction with the so-called big four high street banks has helped drive new customers to the Nationwide.
The building society said it made an underlying profit of £332m in the six months to the end of September, up from £130m the year before.
The lender's performance has been boosted an improvement in its net interest margin - the difference between the rate it offers to savers and the rate it charges borrowers.
"The first six months of the financial year have seen Nationwide build on the momentum generated in 2012-13, with strong business volumes driving an excellent financial performance," chief executive Graham Beale said.
As a building society the Nationwide seeks to serve its members' interest while generating profit to expand its business.
It says profit is then utilised to offer higher rates for savers and lower rates for borrowers.
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