Nationwide Building Society has announced it will issue a £100 Fairer Share payment to over four million eligible members between June 18 and July 4, 2025. The one-off payment follows the mutual's 'outstanding' financial year, which saw pre-tax profits rise to £2.3 billion for the year ending March 31, up from £1.8 billion the previous year.
The payout is the third of its kind and comes after Nationwide acquired Virgin Money in October 2024. Group chief executive Debbie Crosbie 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.'
To qualify for the £100 payment, members must hold a qualifying current account with Nationwide, plus either qualifying savings or a qualifying mortgage, and must have met these criteria by March 31, 2025. The bank also distributed £50 'thank you' payments to around 12 million customers earlier in April and May.
Despite the generous member benefits, underlying pre-tax profits dipped slightly to £1.9 billion from £2 billion, as Nationwide maintained competitive interest rates. Following the Virgin Money takeover, Nationwide has become the UK's second-largest provider of mortgages and savings.
