Nationwide offers replace on £100 bonus cost for purchasers

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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 prospects 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 12 months, a complete £385 million was paid to three.85 million Nationwide members, up from £340 million between 3.4 million members the 12 months earlier than.

The favored retail financial institution has now confirmed that every one the small print about this years’ cost scheme will probably be revealed on 29 Might, when it releases its full 12 months 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 operating of the scheme is topic to the constructing society having a powerful monetary efficiency within the 12 months. An evidence from Nationwide reads: “The Fairer Share Cost is our means 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 mentioned: “Nationwide’s Board will resolve on a Fairer Share cost for 2025 and it'll rely upon our monetary efficiency. The choice will probably be introduced as a part of our full 12 months outcomes 29 Might.”

This cost is separate to Nationwide’s latest ‘Thank You’ cost, which noticed thousands and 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 prospects assembly sure eligibility.

The constructing society has not but launched particulars of this 12 months’s bonus – or whether it is occurring – however the qualifying standards for the final two funds offers a good suggestion of who can profit.

Who can qualify for Nationwide’s 2025 bonus cost?

Based mostly on final years’ standards, candidates should first have held an open Nationwide present account by 31 March 2025. The financial institution will probably be checking eligibility on this date, and it is advisable to maintain the account open no less than 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 12 months. This concerned both depositing no less than £500, or making a minimal of ten outgoing funds (excluding transfers to different Nationwide accounts held by the identical particular person). Outgoing funds can embrace 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 12 months's standards mandated a minimal stability of £100 within the financial savings account or no less than £100 excellent on the mortgage.

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

Based mostly on the earlier 12 months's timeline, those that meet all the necessities ought to be contacted by Nationwide on 31 Might, with funds anticipated to reach between 13 and 28 June,