Nationwide confirms £100 bonus cost coming later this 12 months

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Your assist makes all of the distinction. Learn extra Nationwide has confirmed that hundreds of thousands of members will as soon as once more obtain a £100 bonus cost later this 12 months because the constructing societyposts a considerable leap in annual income.

For the third 12 months operating, a ‘Fairer Share’ cost of £100 might be distributed to eligible Nationwide members. The financial institution says that this consists of over 4 million folks in 2025, up from 3.85 million final 12 months and three.4 million the 12 months earlier than.

The initiative will value the constructing society £400 million – essentially the most it has ever distributed as a part of the Fairer Share Scheme.

As with earlier years, receiving the cost might be topic to sure eligibility standards. The constructing society explains that it'll go to “eligible members selecting Nationwide for his or her on a regular basis banking, along with holding a qualifying financial savings or mortgage product.”

Those that qualify will see the cost paid immediately into their account between 18 June and 4 July, Nationwide has confirmed.

<img src="https://static.independent.co.uk/2025/05/29/08/5caabe00145173b97ed423a040886b90Y29udGVudHNlYXJjaGFwaSwxNzQ4NTg2OTE5-2.79591503.jpg" srcset="https://static.independent.co.uk/2025/05/29/08/5caabe00145173b97ed423a040886b90Y29udGVudHNlYXJjaGFwaSwxNzQ4NTg2OTE5-2.79591503.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2025/05/29/08/5caabe00145173b97ed423a040886b90Y29udGVudHNlYXJjaGFwaSwxNzQ4NTg2OTE5-2.79591503.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Nationwide Building Society has posted a 30% jump in annual profits after an ‘outstanding’ year that saw it complete the takeover of Virgin Money" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

Nationwide Constructing Society has posted a 30% leap in annual income after an ‘excellent’ 12 months that noticed it full the takeover of Virgin Cash (PA) The cost comes as Nationwide posts a 30 per cent leap in annual income after an “excellent” 12 months that noticed it full the takeover of Virgin Cash. The agency was capable of pay its members a one-off £615 million ‘Thank You’ reward earlier this 12 months following the deal.

The mutual reported pre-tax income of £2.3 billion for the 12 months to 31 March, up from £1.8 billion the earlier 12 months, which got here regardless of it handing out a file £2.8 billion in worth to members together with £1 billion in rewards.

On an underlying foundation, pre-tax income fell to £1.9 billion from £2 billion as Nationwide stated it targeted on providing aggressive rates of interest to clients.

Debbie Crosbie, group chief government of Nationwide Constructing Society, stated: “Nationwide has had an excellent twelve months.

“We returned a file £2.8 billion in worth to our members and recorded our highest ever 12 months for progress in mortgage lending and retail deposit balances.”

She added: “The Virgin Cash efficiency was robust within the six months since our acquisition, with enhancements in customer support and a return to progress in mortgage lending.”

The agency accomplished the £2.9 billion takeover of Virgin Cash final 12 months, which has seen it grow to be the UK’s second largest mortgages and financial savings supplier.

<img src="https://static.independent.co.uk/2025/04/01/8/00/British-Prime-Minister-Keir-Starmer-visits-Nationwide-Building-Society-office-in-the-city-of-London.jpeg" srcset="https://static.independent.co.uk/2025/04/01/8/00/British-Prime-Minister-Keir-Starmer-visits-Nationwide-Building-Society-office-in-the-city-of-London.jpeg?quality=75&width=320&crop=3%3A2%2Csmart&trim=555%2C0%2C803%2C0&auto=webp 320w, https://static.independent.co.uk/2025/04/01/8/00/British-Prime-Minister-Keir-Starmer-visits-Nationwide-Building-Society-office-in-the-city-of-London.jpeg?quality=75&width=640&crop=3%3A2%2Csmart&trim=555%2C0%2C803%2C0&auto=webp 640w" loading="lazy" alt="Prime minister Keir Starmer meets with staff and CEO Debbie Crosbie during his visit to the Nationwide Building Society office in April" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

Prime minister Keir Starmer meets with workers and CEO Debbie Crosbie throughout his go to to the Nationwide Constructing Society workplace in April (Reuters) The group stated integration of the acquisition was “progressing properly”.

Nationwide stated it was persevering with to run the 2 companies individually initially after the acquisition and had no plans for job cuts within the short-term.

However Ms Crosbie stated it was “too early to say” what impression there could be on workers of the mixed group additional out because it integrates the companies.

“Each enterprise at all times critiques its workforce and we’ll proceed to try this on an ongoing foundation, nevertheless it’s too early to say if there’ll be an impression on the broader workforce,” she stated.

She additionally signalled Nationwide would maintain Virgin Cash’s Newcastle headquarters, with Ms Crosbie saying “the present footprint that we've got will stay the identical”.