Third Time's a Charm: £100 Fairer Share Distribution by Nationwide - Could YOU Be Eligible for June's Disbursement?
Nationwide Building Society announced on Thursday morning that it will pay a third 'Fairer Share' bonus to 4 million of its members. This year's bonus will amount to £400 million in total, with each eligible member receiving £100.
This marks the third consecutive year the society has made such a payment, having started the practice in 2023. The payment is a result of the society's exceptional financial performance, having recorded pre-tax profits of £2.3 billion in the year ending April, a significant increase from £1.77 billion the previous year. The growth in mortgage lending and current account balances were key contributors to this success.
Commenting on the society's performance, Nationwide's Chief Executive Debbie Crosbie stated, "Nationwide has had a remarkable 12 months. We have returned a record £2.8 billion in value to our members, and we have recorded our highest ever year for growth in mortgage lending and retail deposit balances, all while maintaining our position as the leader in customer service."
To be eligible for the bonus, members should have either a current account and savings account, or a current account and a mortgage with Nationwide as of March 31, 2025. Eligible members will receive the bonus between June 18 and July 4, 2025, with Nationwide contacting them directly to confirm the payment.
It is worth noting that some members may be eligible for additional payments, having also been recipients of a 'Big Thank You' payment of £50 in March 2024. This payment was a separate initiative, intended to thank customers for their contribution to the successful purchase of Virgin Money by Nationwide.
In line with their ongoing commitment to providing competitive rates, Nationwide has also launched a new Member Exclusive Bond, offering a 5% return over 18 months to all 16 million of its existing members. This bond can be opened in branch, online, or through the app.
- The bonus payout by Nationwide Building Society, totaling £400 million, demonstrates the impact of prudent investing and effective management in the world of finance.
- As a result of strong business performance, members who have a current account, savings account, or mortgage with Nationwide may receive additional personal-finance gains this year.
- Nationwide's Member Exclusive Bond, offering a 5% return over 18 months, is just another example of the society's continued efforts to enhance the financial well-being of its members.
