Nationwide provides replace on £100 bonus cost for patrons

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Your help makes all of the distinction. Learn extra Nationwide has shared a brand new replace on its £100 bonus cost which has been paid to clients for the previous two years, as a key date to be careful for is revealed.

In 2023 and 2024, the constructing society gave its members this unique ‘Fairer Share’ bonus in the event that they met sure standards. Final yr, a complete £385 million was paid to three.85 million Nationwide members, up from £340 million between 3.4 million members the yr earlier than.

The favored retail financial institution has now confirmed that every one the main points about this years’ cost scheme shall be revealed on 29 Might, when it releases its full yr outcomes.

<img src="https://static.independent.co.uk/2025/04/10/00/12e0014b36dc2267423291248afb64c3Y29udGVudHNlYXJjaGFwaSwxNzQ0Mjg1NTY4-2.71801626.jpg" srcset="https://static.independent.co.uk/2025/04/10/00/12e0014b36dc2267423291248afb64c3Y29udGVudHNlYXJjaGFwaSwxNzQ0Mjg1NTY4-2.71801626.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2025/04/10/00/12e0014b36dc2267423291248afb64c3Y29udGVudHNlYXJjaGFwaSwxNzQ0Mjg1NTY4-2.71801626.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Nationwide has shared a new update on its £100 bonus payment (Mike Egerton/PA Archive)" class="sc-1mc30lb-0 QHifS inline-gallery-btn"/> open picture in gallery

Nationwide has shared a brand new replace on its £100 bonus cost (Mike Egerton/PA Archive) (PA Archive) It is because the working of the scheme is topic to the constructing society having a robust monetary efficiency within the yr. An evidence from Nationwide reads: “The Fairer Share Cost is our approach of rewarding these members who select us for his or her on a regular basis banking in addition to having financial savings or a mortgage with us.”

A Nationwide spokesperson stated: “Nationwide’s Board will resolve on a Fairer Share cost for 2025 and it'll depend upon our monetary efficiency. The choice shall be introduced as a part of our full yr outcomes 29 Might.”

This cost is separate to Nationwide’s current ‘Thank You’ cost, which noticed hundreds of thousands of members obtain £50 after the banking large bought Virgin Cash UK in October in a deal that boosted its accounts by £2.3bn.

However the £100 cost in not assured, and is topic to clients assembly sure eligibility.

The constructing society has not but launched particulars of this yr’s bonus – or whether it is taking place – however the qualifying standards for the final two funds provides a good suggestion of who can profit.

Who can qualify for Nationwide’s 2025 bonus cost?

Primarily based on final years’ standards, candidates should first have held an open Nationwide present account by 31 March 2025. The financial institution shall be checking eligibility on this date, and it is advisable to maintain the account open a minimum of till the cost arrives as it's unique to present members.

The account should even have been actively used inside the first three months of the yr. This concerned both depositing a minimum of £500, or making a minimal of ten outgoing funds (excluding transfers to different Nationwide accounts held by the identical particular person). Outgoing funds can embody financial institution transfers and standing orders.

An extra stipulation, which can catch many unaware, concerned holding both a Nationwide financial savings account or mortgage. Final yr's standards mandated a minimal steadiness of £100 within the financial savings account or a minimum of £100 excellent on the mortgage.

Nationwide presents a wide range of financial savings accounts, together with the Flex Immediate Saver, which supplies 3 per cent curiosity on limitless withdrawals, and the Flex Common Saver, providing 6.5 per cent curiosity however capped at three withdrawals.

Primarily based on the earlier yr's timeline, those that meet all the necessities must be contacted by Nationwide on 31 Might, with funds anticipated to reach between 13 and 28 June,