Published on: 19 May 2023

We’re giving back to our members

Today we are proud to announce our financial results. As we're a building society, and not a bank, we're able to reinvest our profits for our members' benefit.

We want to build on the existing value and benefits that our members receive – supporting them in a way others can't.

“Nationwide’s purpose is to offer banking, but fairer, more rewarding, and for the good of society. That is why we have introduced The Nationwide Fairer Share, which will see us return even more value back to members. We are able to do this because of our financial strength and the fact we’re a building society, not a bank, so our profit is reinvested for our members’ benefit. It’s part of our enduring commitment to rewarding our members.”

Debbie Crosbie, Chief Executive of Nationwide Building Society

Introducing The Nationwide Fairer Share

Today we’re launching two elements of The Nationwide Fairer Share:

The Nationwide Fairer Share Payment will see us return £340m directly back to eligible members. In June we'll give £100 to members who had a qualifying current account plus either qualifying savings or a qualifying mortgage with us on the 31 March. They won't need to do a thing other than make sure they have an open Nationwide current account when we make the payment.

Nationwide Fairer Share Bond is exclusively for existing members who were a member on the 18 May 2023 and are still a member when they apply. It offers a rate of 4.75% AER/gross a year (fixed) for 2 years and will only be available for a limited time. And can be opened through the Internet Bank, in our Banking app or in branch.

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