Latest news with #MemberExclusiveBond
Scottish Sun
13-06-2025
- Business
- Scottish Sun
Millions of Nationwide customers to nab £100 Fairer Share payment in DAYS – check if you'll get the cash
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) NATIONWIDE customers will start getting £100 free cash in a matter of days. Millions of customers will receive the payment through its Fairer Share scheme, which rewards loyal members who save or borrow with the building society. Sign up for Scottish Sun newsletter Sign up 1 Nationwide has said the payments will be made between June 18 and July 4 The first payments will hit bank accounts on June 18 - meaning there's less than a week to go. Nationwide has said the payments will be made between then and July 4. However not all Nationwide customers will be eligible. To receive the payment you will need to have opened a current account with Nationwide on or before March 31, 2025. You must have also had at least £100 in savings, or owed £100 or more on a mortgage by that same March deadline. Plus you'll need to have used your account between January 1 and March 31 this year. Still, about four million customers are set to benefit from the cash payment. A total of about £410million is being paid out. The building society has run its Fairer Share scheme for three years in a row now, so if you open a current account now you may have a chance of getting the free cash next year. However there is no guarantee Nationwide will run the scheme again. Santander's £130 Million Recovery: What You Need to Know Last year, Nationwide paid out £385million to 3.85million people. Separately, it also paid out £50 to around 12million customers between April and May. Nationwide also recently offered exclusive access to a top savings account rate for its customers. Those who already bank with the building society can open up a Member Exclusive Bond account which has a very attractive 5% interest rate. The 18-month-fixed term account will net you £759 in interest if you put in the maximum £10,000. What other banking perks can you get? Banks often pay you to switch to their current accounts, and there's four currently offering switching freebies. First Direct is giving away £175 to people who switch to its 1st Account. You just need to open an account and set up at least two direct debits or standing orders within 45 days. You will also need to pay in £1,000 and make five debit card payments within the same timeframe. TSB is handing out £100 cash but £15 a month in cashback for six months to those who switch to its Spend and Save account. Plus you can get either £120 credit towards a hotel booking via Expedia's Travel Credits website or 12 months of activity tickets with the National Activities Network.
Western Telegraph
11-06-2025
- Business
- Western Telegraph
Nationwide customers could earn free £759 boost due to deal
Recently, the bank has hit headlines for offering certain customers free £100 and £200 bonuses. Now, it has launched a new Member Exclusive Bond offering a five per cent interest rate over 18 months. This could deliver returns of this amount on the maximum deposit of £10,000. The fixed-term account, available exclusively to existing Nationwide members, significantly outperforms current market savings rates. According to the best fixed-rate bond savings accounts up to one year currently offer interest rates of 4.45 per cent. Whether you want to speak to a real person in branch, or do your banking online, there are many ways you can bank with us. If you need support, get in touch: — Nationwide (@AskNationwide) January 2, 2025 Members can deposit between £1 and £10,000 into the account. Those investing the maximum amount would receive £759 in interest when the account matures after 18 months, making it one of the most competitive fixed-rate options available. This offering from the building society comes after Nationwide announced a new Fairer Share Payment, with more than four million eligible members set to receive £100 each. The payment is set to be distributed directly into members' Nationwide current accounts between June 18 and July 4, 2025. Recommended reading: To qualify for the payment, members must use Nationwide for their everyday banking whilst also holding a qualifying savings or mortgage product with the building society. The Fairer Share Payment forms part of £1billion in direct payments made to eligible members over the past year. Nationwide is also introducing a £200 member-only switching incentive as part of its enhanced benefits package.
Leader Live
10-06-2025
- Business
- Leader Live
Nationwide customers could earn free £759 boost due to deal
Recently, the bank has hit headlines for offering certain customers free £100 and £200 bonuses. Now, it has launched a new Member Exclusive Bond offering a five per cent interest rate over 18 months. This could deliver returns of this amount on the maximum deposit of £10,000. The fixed-term account, available exclusively to existing Nationwide members, significantly outperforms current market savings rates. According to the best fixed-rate bond savings accounts up to one year currently offer interest rates of 4.45 per cent. Whether you want to speak to a real person in branch, or do your banking online, there are many ways you can bank with us. If you need support, get in touch: Members can deposit between £1 and £10,000 into the account. Those investing the maximum amount would receive £759 in interest when the account matures after 18 months, making it one of the most competitive fixed-rate options available. This offering from the building society comes after Nationwide announced a new Fairer Share Payment, with more than four million eligible members set to receive £100 each. The payment is set to be distributed directly into members' Nationwide current accounts between June 18 and July 4, 2025. Recommended reading: To qualify for the payment, members must use Nationwide for their everyday banking whilst also holding a qualifying savings or mortgage product with the building society. The Fairer Share Payment forms part of £1billion in direct payments made to eligible members over the past year. Nationwide is also introducing a £200 member-only switching incentive as part of its enhanced benefits package.
Glasgow Times
10-06-2025
- Business
- Glasgow Times
Nationwide customers could earn free £759 boost due to deal
Recently, the bank has hit headlines for offering certain customers free £100 and £200 bonuses. Now, it has launched a new Member Exclusive Bond offering a five per cent interest rate over 18 months. This could deliver returns of this amount on the maximum deposit of £10,000. The fixed-term account, available exclusively to existing Nationwide members, significantly outperforms current market savings rates. According to the best fixed-rate bond savings accounts up to one year currently offer interest rates of 4.45 per cent. Whether you want to speak to a real person in branch, or do your banking online, there are many ways you can bank with us. If you need support, get in touch: — Nationwide (@AskNationwide) January 2, 2025 Members can deposit between £1 and £10,000 into the account. Those investing the maximum amount would receive £759 in interest when the account matures after 18 months, making it one of the most competitive fixed-rate options available. This offering from the building society comes after Nationwide announced a new Fairer Share Payment, with more than four million eligible members set to receive £100 each. The payment is set to be distributed directly into members' Nationwide current accounts between June 18 and July 4, 2025. Recommended reading: To qualify for the payment, members must use Nationwide for their everyday banking whilst also holding a qualifying savings or mortgage product with the building society. The Fairer Share Payment forms part of £1billion in direct payments made to eligible members over the past year. Nationwide is also introducing a £200 member-only switching incentive as part of its enhanced benefits package.
North Wales Chronicle
10-06-2025
- Business
- North Wales Chronicle
Nationwide customers could earn free £759 boost due to deal
Recently, the bank has hit headlines for offering certain customers free £100 and £200 bonuses. Now, it has launched a new Member Exclusive Bond offering a five per cent interest rate over 18 months. This could deliver returns of this amount on the maximum deposit of £10,000. The fixed-term account, available exclusively to existing Nationwide members, significantly outperforms current market savings rates. According to the best fixed-rate bond savings accounts up to one year currently offer interest rates of 4.45 per cent. Whether you want to speak to a real person in branch, or do your banking online, there are many ways you can bank with us. If you need support, get in touch: Members can deposit between £1 and £10,000 into the account. Those investing the maximum amount would receive £759 in interest when the account matures after 18 months, making it one of the most competitive fixed-rate options available. This offering from the building society comes after Nationwide announced a new Fairer Share Payment, with more than four million eligible members set to receive £100 each. The payment is set to be distributed directly into members' Nationwide current accounts between June 18 and July 4, 2025. Recommended reading: To qualify for the payment, members must use Nationwide for their everyday banking whilst also holding a qualifying savings or mortgage product with the building society. The Fairer Share Payment forms part of £1billion in direct payments made to eligible members over the past year. Nationwide is also introducing a £200 member-only switching incentive as part of its enhanced benefits package.
