Over 260k in Scotland to receive the Fairer Share Payment. Top areas to benefit, include:
Over 29k people in Fife, over 25k people in Edinburgh, over 21k people in South Lanarkshire, over 18k people in Glasgow
• Around 4.4m eligible members to receive £100 Fairer Share in June, taking total paid since 2023 to c£1.5bn
• Nationwide returned £1.8bn of value back to its members as it announces full year financial results
• New 5% Member Exclusive Bond and £175 current account switching incentive also announced
• Record year for personal current account growth as more than 1m accounts opened with Nationwide (which now includes Virgin Money)
Nationwide will pay Fairer Share again, with more than 4m eligible members to receive £100 each, underlining the continued success of its mutual model.
The announcement comes as Nationwide publishes its full year results and unveils a range of member benefits, including a Member Exclusive Bond and customer current account switching incentive (see Notes to Editors for highlights). It returned £1.8bn of value to members last year, including £1.4bn delivered through better than average rates and incentives.
Dame Debbie Crosbie, Nationwide’s Chief Executive, said: “More people than ever are choosing Nationwide. Our growth in mortgages, retail deposits and personal current accounts is leading the market, which means we can again make a Fairer Share payment to eligible members, and offer a new Member Exclusive Bond to all members.”
The latest Fairer Share payment, totalling around £440m, will be paid from 10 June to eligible members choosing Nationwide for their everyday banking, in addition to having a qualifying savings account or mortgage (see eligibility criteria here).
Nationwide is launching a new 5% Member Exclusive Bond, as it saves its best rates for members, and a £175 current account switching incentive for those switching their current account to Nationwide. A record 1m current accounts were opened with Nationwide last year, with over 300,000 switching away from other banks in 2025. Student account openings doubled and Nationwide remains the number one choice for new college and university students.
Fairer Share: Since its introduction in 2023, Nationwide will have returned around £1.5bn to members through Fairer Share, reflecting its longstanding commitment to sharing the benefits of strong financial performance with those who bank with Nationwide. While Nationwide aims to pay Fairer Share every year, it is not guaranteed and subject to Board approval.
Member Exclusive Bond: The Member Exclusive Bond offers a fixed rate of 5% AER/gross a year for 15 months, on balances of up to £10,000. The Bond is available exclusively to Nationwide and Virgin Money customers who are members of Nationwide.
Current account switching incentive: Nationwide is offering a £175 current account switching incentive for those switching their current account to Nationwide. They can switch in bookable branch appointments, on the phone or online.
