Nationwide will pay over four million eligible members £100 each as part of its 2025 Fairer Share Payment. The Fairer Share Scheme is a way for the building society to share its profits with its eligible members.
While Nationwide aims to make one of these payments every year, it is not guaranteed and largely depends on the building society's financial performance. That said, this newest Fairer Share Payment is the third in a row.
It comes after Nationwide announced that statutory profit before tax rose to a record £2.3 billion, even after giving £1 billion back to its members through last year's Fairer Share Payment and the Big Nationwide Thank You campaign, which gave more than 12 million members £50 each.
The building society said that in total it returned a record £2.8 billion to its members last year, which was inclusive of £1 billion in various direct payments as well as £1.8 billion in "better than average rates and incentives".
Debbie Crosbie, Nationwide’s Chief Executive, said: "Nationwide has had an outstanding twelve months. We returned a record £2.8 billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit balances, and we remain first for customer service."
Apart from the 2025 Fairer Share Payment, existing members will also be eligible for additional perks, including a market-beating savings bond with a 5% interest rate as well as a £200 switch incentive for those members who switch their main account to an eligible Nationwide current account.
Who is eligible for the 2025 Nationwide Fairer Share Payment?
You could be eligible for the 2025 Nationwide Fairer Share Payment if you have either:
- A qualifying current account AND qualifying savings (equating to at least £100 in total across your Nationwide personal savings accounts or cash ISAs, but not stocks and shares ISAs, at the end of any day in March 2025)
OR
- A qualifying current account AND a qualifying mortgage
The qualifying current accounts come with their own requirements, depending on which account you hold. They're as follows:
- FlexPlus - Must have paid the monthly fee to maintain the account to qualify
- FlexOne, FlexStudent, FlexGraduate - Must have made or received at least one payment in March 2025 (unless you completed a switch using the Current Account Switch Service between 1st January 2025 and 31st March 2025)
- FlexAccount, FlexDirect, FlexBasic - Must have received at least £500 into your account and made at least two payments out of your account in two of the three months between January and March 2025, or you must have made at least ten payments out of your current account over the same period.
To qualify via the mortgage route, you must have owed Nationwide at least £100 on your residential mortgage on 31st March 2025. Your mortgage won't qualify if it's a commercial mortgage, or if it's a mortgage which was not completed by 31st March 2025. It also won't qualify if it's a mortgage held with one of Nationwide's subsidiaries, such as Virgin Money or Yorkshire Bank. It needs to be a Nationwide mortgage.
Bear in mind that these are the eligibility requirements for the 2025 Nationwide Fairer Share Payment in particular. These could change if there are further Fairer Share Payments.
Will everyone who is eligible receive the payment?
If you meet the eligibility criteria, you will likely receive the payment. There are some exclusions, however. These include:
- You do not have a Nationwide current account that allows payments on the day that Nationwide attempts to make the payment
- Nationwide is notified of your death
- Nationwide believes your accounts have been used for fraudulent or illegal purposes
- Nationwide has written to inform you that they will be closing your account
- Nationwide has previously written off money that you owe or you're currently engaged in an ongoing legal proceeding with the building society
When will eligible members receive the payment?
Eligible Nationwide members will receive the payment between 18th June 2025 and 4th July 2025. Money will be paid directly into your Nationwide current account by electronic transfer. It's a good idea to keep your Nationwide current account open until you receive the payment as the building society has stated it will not make the payment in any other way and you will be excluded from receiving the payment if you do not have an open Nationwide current account when they attempt to make the payment.
How will the payment be treated for tax purposes?
The £100 bonus will be treated as interest for income tax purposes. Nationwide won't deduct tax on your behalf, however. It's up to you to check whether you're liable for tax on the interest you receive. Typically, if you earn less than £1,000 in interest in a specific tax year and you're a basic rate taxpayer, you won't owe any tax as this is under your personal savings allowance. This limit is cut to £500 if you're a higher-rate taxpayer. We discuss this in more detail in our article on how to boost your personal savings allowance by up to £5,000.
What other rewards are available for Nationwide members?
If you're a Nationwide member, you'll also be eligible for a market-beating 18-month fixed-rate bond that pays 5% on your savings up to £10,000. The best one to two year fixed-rate bonds currently offer interest rates below 4.5%, so Nationwide's member-exclusive bond is by far the best on the market in terms of interest offered. That said, to qualify, you must have been a member on 28th May 2025 (and still be a member when you apply).
In addition, if you are a Nationwide member but Nationwide isn't your main account, the building society will pay you £200 when you complete a full switch to a new or existing FlexPlus, FlexDirect or Flex Account. For more information and to check out other switching deals, have a look at our round-up of the best switch offers and cashback deals on the market right now.
MTTM AI (beta) 
