Millions of Nationwide customers are set for a £100 windfall as Britain’s biggest building society unveils the latest payment under its Fairer Share scheme. Since its introduction in 2023, Nationwide will have returned around £1.5 billion to members through the scheme, reflecting its commitment to sharing financial performance benefits.
The latest payment, totalling around £440 million and going to approximately 4.4 million eligible members, will be paid from June 10. While Nationwide aims to make the payment every year, it is not guaranteed and is subject to board approval.
To be eligible, members must hold a qualifying current account with Nationwide, plus either qualifying savings or a qualifying mortgage. A current account with Clydesdale, including Virgin Money, does not count. For savings, members must have had at least £100 in total in one or more personal savings accounts or cash ISAs at the end of any day in March 2026. For mortgages, they must have owed at least £100 on their Nationwide residential mortgage on March 31 2026.
Virgin Money customers who became Nationwide members through the transfer may be eligible for a Fairer Share payment in 2027, which will include qualifying Virgin Money accounts. Nationwide also offers a new 5% member exclusive bond for 15 months on balances up to £10,000, and a £175 current account switching incentive.
