Nationwide, a building society with branches in Birmingham, has announced it is increasing its annual Fairer Share Payment from £100 to £275 for some eligible customers. The payout, which will be made in June 2026, is part of the mutual’s commitment to returning value to its members.
Fairer Share Payment Details
Around 4.4 million qualifying members are set to receive the £100 Fairer Share Payment in June, bringing the total distributed since the scheme’s launch in 2023 to £1.5 billion. Eligible members must use Nationwide for their everyday banking and hold a qualifying savings account or mortgage. The payment will be made automatically from 10 June.
Additional Benefits for Customers
In addition to the Fairer Share Payment, Nationwide is offering a new Member Exclusive Bond with a fixed rate of 5% AER/gross per year for 15 months on balances up to £10,000. This bond is available exclusively to Nationwide and Virgin Money customers who are members of Nationwide. Furthermore, customers switching their current account to Nationwide can receive a £175 switching incentive, taking the total potential benefit to £275.
Dame Debbie Crosbie, Nationwide’s Chief Executive, stated: “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.”
Strong Financial Performance
Nationwide returned £1.8 billion of value to its members as it announced its full-year financial results. The building society saw a record one million current accounts opened last year, with over 300,000 switches from other banks in 2025. Student account openings doubled, and Nationwide remains the top choice for new college and university students.
Future Payments
While Nationwide aims to pay the Fairer Share every year, it is not guaranteed and is subject to Board approval. The latest payment, totalling approximately £440 million, reflects Nationwide’s longstanding commitment to sharing the benefits of strong financial performance with its members.
