Nationwide Building Society is giving over four million members a £100 bonus as part of its Fairer Share initiative. This bonus aims to reward loyal members by sharing the society’s profits. It’s the third year in a row that Nationwide has offered this kind of payment. Members don’t need to apply or fill out any forms—the money will be automatically paid into eligible accounts. The goal is to thank long-term customers and encourage continued support for the mutual model, where profits are shared rather than paid to shareholders.
Who Is Eligible for the Bonus?
To receive the bonus, you must have had a Nationwide current account open on or before 31 March 2025. You also need to meet at least one of the following conditions: you either had £100 or more in a Nationwide savings account during March 2025, or you owed £100 or more on a Nationwide mortgage during that month. On top of that, account activity is checked. For example, if you have a FlexAccount, FlexDirect, or FlexBasic, you must have paid in at least £500 and made two separate payments in two of the first three months of 2025—or made at least ten payments in total during that time. FlexStudent, FlexOne, and FlexGraduate account holders need to have used their accounts at least once in March.
When and How the Bonus Will Be Paid
The £100 bonus will be paid between 18 June and 4 July 2025. It will go directly into your Nationwide current account and appear on your bank statement with the description ‘Nationwide Fairer Share Payment’. If you’re eligible, you don’t need to do anything—the payment will be made automatically. If you have a joint account, each person will receive £100 separately as long as both meet the criteria. You must keep your account open during this time to get the money.
Will I Pay Tax on the £100 Bonus?
Yes, the £100 is classed as savings income and could be taxable depending on your situation. Most people won’t need to worry because it usually falls within the Personal Savings Allowance, which means it’s tax-free up to a certain amount. But if you’re a higher-rate taxpayer or already earning interest over the limit, you may have to report it to HMRC. Nationwide will share the payment info with HMRC, so if you submit a self-assessment tax return, make sure to include it.
Other Offers for Nationwide Members
Nationwide is also running a switching offer. If you switch your main current account to them using the Current Account Switch Service and meet their terms, you could get a £200 cash bonus. In addition, there’s a fixed-rate savings account offering 5% interest on balances up to £10,000 for existing customers. These offers are part of their effort to give back to loyal members and attract new ones. It shows that Nationwide is not just focused on profits, but also on delivering value to customers.
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