Nationwide Building Society has announced an exclusive offer for its members, allowing them to claim up to £631 for free. The world's largest building society is currently sending emails to numerous customers detailing the opportunity to earn a high fixed savings rate.
Exclusive Member Bond Details
The email states: "As a Nationwide member, we're delighted to be able to offer you our best available fixed savings rate. Earn 5% AER/gross a year (fixed) for 15 months on balances up to £10,000 with our Member Exclusive Bond."
According to the Nationwide website, account holders can deposit up to £10,000 for a 15-month term. Deposits must be made within the first 14 days after opening the bond, which can be set up as a sole or joint account.
No Withdrawals Until Term Ends
Once the bond is opened, no withdrawals are permitted until the 15-month period concludes. However, Nationwide explains that by keeping funds in the account for the full duration, members will receive a free £63.13 for every £1,000 deposited. This means a full deposit of £10,000 would yield £631.30 in interest.
Nationwide added: "At the end of the 15 month term, we will move your money to an instant access savings account. We will let you know before this happens and what your interest rate will be."
Eligibility Criteria
To qualify for the account, you must be a UK resident aged 16 or over, have been a Nationwide member on May 20, 2026, and still be a member when opening the bond. Membership applies to anyone holding a mortgage, savings, or personal current account with either Nationwide or Virgin Money. Additionally, you must be registered for Nationwide internet bank and have a valid email address.
