
These Nationwide customers may get extra £100 next month
Nationwide is expected to dish out its latest round of £100 bonuses to eligible members next month. The world's largest building society has given out these "Fairer Share" payments to millions of members over the past two years.
While 2025 bonuses are yet to be confirmed, Nationwide said earlier this year it hoped to be able to hand out the money again. And in February Martin Lewis ' Money Saving Expert (MSE) team explained who it thought had the best chances of getting the cash.
In previous years announcements confirming the Fairer Share bonuses have been made in May, with the money then landing in accounts in June. In 2024 Nationwide confirmed it would share "our profits with nearly 4 million of our members", adding: "The Fairer Share Payment is our way of rewarding those members who choose us for their everyday banking as well as having savings or a mortgage with us."
At that time, Nationwide outlined the criteria for eligibility, stating members would need "need a qualifying current account plus either qualifying savings or a qualifying mortgage. And they would have needed to meet this criteria when we last checked on 31 March 2024."
Most members who received the 2024 bonus were paid between June 13 and June 28 last year. To increase your chances of bagging the bonus this year, MSE said in February it would be a good idea to your account in good standing until at least March 31 and to make sure the account was actively used during the first three months of this year.
Eligibility varies based on the type of account you hold. For those with a FlexAccount, FlexBasic, FlexDirect, you need to deposit at least £500 in two of the first three months of 2025 and make two payments from your account, or you'll need to make 10 or more payments from your account over this same period.
MSE said this second method was used as criteria in 2024 but not in 2023. MSE further explained: "For those with a FlexPlus packaged account: Just paying the fee counts. For those with a FlexOne, FlexGraduate, FlexStudent account: Make a payment IN or OUT of your account in March 2025. Payments can include debit card transactions, Direct Debits, bank transfers and standing orders (but not transfers to other Nationwide accounts you have)."
In addition to these steps, you'll also need to have at least £100 in savings, or owe at least £100 on a mortgage with Nationwide, in March 2025, according to MSE. However, this is all just based on previous criteria and there are "no guarantees".
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Scottish Sun
13 hours ago
- Scottish Sun
How long it will take you to save for a home deposit depending on your salary
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Daily Mirror
a day ago
- Daily Mirror
Martin Lewis says those aged between 18 and 39 should do this 'ASAP'
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Western Telegraph
2 days ago
- Western Telegraph
How to cut your childcare bill as nursery fees top £1,000
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Courtesy of ITV The Martin Lewis Money Show, watch the full summer special back at — Martin Lewis (@MartinSLewis) May 23, 2025 In fact, research from the Institute for Fiscal Studies shows that by the time a woman's first child turns 12, her hourly wage is typically 33% lower than that of a man. Maxine McCreadie, a personal finance expert at UK Debt Expert, says: "The data paints an even more worrying picture for single parents, who are often facing the brunt of the financial burden. "Unlike co-parents, single parents don't have the luxury of splitting costs, meaning they are often forced to take on the full financial load for housing, childcare, and everyday living expenses. With 9 out of 10 single parents being women, it's no wonder more women are deciding not to have children, and it's essential that more support is provided, particularly as these families are more vulnerable to falling into debt." Further data from UK Debt Expert highlighted that for parents earning £16,000 per year, a single day of childcare requires over seven hours of work, compared to just 3.3 hours for someone earning the national average of £2,397 a month. This stark disparity highlights the heavier burden on lower-income parents, who must juggle childcare expenses with other essential costs, often leaving little time or money for social activities. Read Martin Lewis's open letter to the new Chancellor to fix unfair systems... on Child Benefit, Carer's Allowance, LISA fines, Tax-Free Childcare and morehttps:// — MoneySavingExpert (@MoneySavingExp) July 24, 2024 Maxine explains: "The high cost of childcare not only limits a parent's financial flexibility but also their ability to maintain a social life. 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Education Secretary urges Brits to consider having more children and have them sooner This comes as Bridget Phillipson has called on Brits to consider having more children and have them sooner, warning of the 'worrying repercussions' posed by a decline in birth rates. The Education Secretary told the Daily Telegraph falling birth rates were not only a concerning trend but one which 'tells a story, heartbreakingly, about the dashed dreams of many families'. Official data from the Office for National Statistics shows fertility rates in England and Wales dropped to 1.44 children per woman in 2023, the lowest level since records began in 1938. Ms Phillipson said people were scared off having children due to the high costs, and wanted 'more young people to have children, if they so choose'. 'A generation of young people have been thinking twice about starting a family, worried not only about rising mortgage and rent repayments, wary not only of the price of fuel and food but also put off by a childcare system simultaneously lacking in places and ruinously expensive,' she said. Ms Phillipson's comments come months after she told the Daily Mail young women had been given added 'freedom' to have more children by expanded government-funded childcare. For information see the link below 📷 For information on how to book Kids Clubs & Wraparound Care please use this link - — Early Learning and Childcare PKC (@elc_pkc) July 1, 2025 Since May, working parents of children who turn nine months old before September 1 have been able to apply to access up to 30 hours of free childcare per week, until their child is old enough to start school. 'They will be able to make choices about the career that's right for them, the hours that they want, but also [have] the freedom to think about family size and how many children they want to have, with support from the Government around childcare hours,' she said in May. Recommended reading: The expansion of funded childcare began being rolled out in England in April last year for working parents of two-year-olds. Working parents of children older than nine months are currently able to access 15 hours of funded childcare a week, before the full rollout of 30 hours a week to all eligible families in September. The Labour Government announced that up to 4,000 childcare places are set to be rolled out at new or expanded school-based nurseries in England from September.