Nationwide gives exact date when customers will receive free £100 bonus
The high street bank returned a record £2.8 billion in value to members last year, including £1 billion in direct payments to eligible members.
It also delivered £1.8 billion in better-than-average rates and incentives, with deposit rates over 30 per cent higher.
Britain's biggest building society today announced outstanding full-year results with record growth in retail deposits and net mortgage lending, including help for more first-time buyers than any other lender in the UK.
Statutory profit before tax rose to a record £2.3 billion, even after returning £1 billion directly back to members through last year's Fairer Share Payment and The Big Nationwide Thank You.
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: https://t.co/PBQ6UL8e26 pic.twitter.com/nHDrHeLoLb
— Nationwide (@AskNationwide) January 2, 2025
Nationwide announced a new Fairer Share Payment today, with over four million members receiving £100 each.
The payment goes to eligible members choosing Nationwide for their everyday banking, in addition to holding a qualifying savings or mortgage product.
It will be paid directly into their Nationwide current account between 18 June and 4 July.
It is also launching a market-leading 5% Member Exclusive Bond and a £200 member-only switching incentive.
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.'
Recommended reading:
Nationwide customers issued key update on the £100 bonus payments
Millions of workers could see £6,000 boost to pension pots under new plans
Two Coronation Street legends set to quit show next week with a third teased
The Member Exclusive Bond is available from today to all 16 million existing members and can be opened in a branch, online or via the Banking App.
Members saving the maximum £10,000 would receive £762.50 in interest after 18 months - over £150 more than they would receive over the same period in our next highest-rate bond (4% 1 Year Fixed Rate Bond).
Members who didn't have their main current account with Nationwide on 31 March can benefit from a £200 Member Exclusive Current Account Online Switch Offer from today.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
Dow (DOW) Inc Falls Ahead of Q2 Earnings
Dow Inc. (NYSE:DOW) is one of the . Dow Inc. declined for a second day on Monday, losing 4.4 percent to close at $28.25 apiece as investors repositioned portfolios ahead of the release of its earnings results next week. Based on information posted on its website, Dow Inc. (NYSE:DOW) will report its financial and operating performance for the second quarter of the year on July 24, 2025. Investors appeared to be cautious amid the company's ongoing operational challenges that will see the shutdown of three upstream assets in Europe beginning next year and another 800 jobs cut, on top of the 1,500 announced in January. 'Our industry in Europe continues to face difficult market dynamics, as well as an ongoing challenging cost and demand landscape,' said Dow Inc. (NYSE:DOW) Chairman and CEO Jim Fitterling. A technician operating state of the art machines manufacturing specialized packaging materials. 'Looking ahead, we remain committed to realizing the value of our incremental growth investments and enhancing profitability and cash flow through more than $6 billion in near-term cash support,' he added. Dow Inc. (NYSE:DOW) said that the initiatives will result in higher operating EBITDA of $200 million by year-end. Meanwhile, the workforce reduction forms part of the company's $1 billion cost-saving measures. While we acknowledge the potential of DOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Co-op to launch range of grapes that taste like a Mojito cocktail
A variety of grape described as 'Mojito flavoured' because of their similarity to the classic cocktail is to go on sale in the UK next week. The Co-op said the new variety had been named 'Mojito Fresh' after growers noticed its flavour resembled the popular drink. The grocer said the flavour of the grapes, which it described as 'sweet with a hint of lime', was developed by growers in Spain who hybridised one flavour of grape with another. The grapes will go on sale for just three weeks in selected stores and cost £2.90 as part of the convenience retailer's premium Irresistible range. Kate Byrne-Fletcher, Co-op's head of fresh produce, said: 'This new variety is a must-try for mojito cocktail fans, and we're thrilled to be adding it into our fresh fruit aisle for our members and customers to enjoy as a healthy snack or freezing and adding to summery drinks. 'We're expecting this new variety to fly off the shelves and it will only be in stores for just a few weeks due to the limited seasonal window.' The variety, which launched last year in Spain, was developed by the fruit development firm Uvasdoce Fresh, and is the first in the new 'Fresh Mocktail Collection' of grapes.
Yahoo
an hour ago
- Yahoo
Europe's $752M AI Power Play Just Dropped -- And You Probably Missed It
Eurazeo (EUZOF) is leaning inhard. The European investment group just pulled in 650 million ($752 million) for the first close of its new Growth Fund IV, putting it more than halfway to its 1 billion target. The timing isn't accidental. With AI hype turning into real enterprise spend, Eurazeo sees an opening. Managing partner Hala Fadel says while distributions are still muted and exits remain rare, there's appetite buildingespecially for strategies that don't just ride the wave, but aim to pre-empt it. Warning! GuruFocus has detected 6 Warning Signs with EUZOF. The fund will write checks between 20 million and 100 million, targeting Series B to pre-IPO rounds across Europe. But this isn't spray-and-pray. Eurazeo is focused on deals that haven't even hit the market yet, trying to secure allocations before the crowd shows up. Around two-thirds of the fund is going into earlier growth stages, with the rest saved for late-stage de-risked AI betscompanies already showing traction. Names already backed include Cognigy (AI-driven customer service), EcoVadis (sustainability scoring), Commercetools (headless commerce infra), and Fever (live event discovery). Behind the scenes, Eurazeo has reshaped its growth team after several high-profile exits last year. But with 4 billion under management in the growth platform and nearly 37 billion firmwide, it's staying aggressive. The firm is now doubling down on cybersecurity, health tech, and robotic automationbets that could benefit from the same AI tailwinds pushing U.S. multiples higher. As Fadel puts it: Europe may not move the loudest, but it has the talentand this fund is out to prove it has the capital discipline too. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
