Grace is Money editor at Which?, on the hunt for ways to help people save with smart tips and deals. She was named personal finance journalist of the year 2025.
Nationwide is once again paying £100 to millions of its customers, with this year’s Fairer Share payment due to land between 10 June and 30 June.
The Which? Recommended Provider has also launched a new switching deal worth £175, along with a fixed-rate bond paying 5% interest for 15 months.
Here, Which? explains who qualifies for the 2026 bonus, how to claim the switch deal and what else is available to members.
Nationwide’s Fairer Share scheme returns money directly to members who meet certain criteria and use the building society for banking and saving.
This year, more than 4.4 million customers will receive £100 each, with a total of £440m being paid out.
Payments will be made automatically between 10 June and 30 June to those who qualify. The money will appear in your current account as Nationwide Fairer Share Payment.
If you hold more than one eligible account, Nationwide says it will pay the money into one of your Nationwide current accounts and will usually choose a sole account before a joint one.
Joint-account holders who both meet the criteria will receive £100 each.
Nationwide reported £2bn underlying profit before tax and says it can share some of this through the bonus as it is member-owned rather than shareholder-led.
This is the fourth year Nationwide has paid the Fairer Share bonus, taking the total returned to members since 2023 to around £1.5bn.
To receive the money, you must hold one of the following Nationwide current accounts and meet the qualifying criteria for each:
You’ll also need to have had either:
All qualifying products must have been open on 31 March 2026. Nationwide has an eligibility checker on its website to help members confirm whether they will get the payment.
Virgin Money and Clydesdale products do not count towards Fairer Share eligibility this year, despite Nationwide’s takeover completing in April 2026. Nationwide says these customers may qualify for future Fairer Share payments instead.
Nationwide has an eligibility checker on its website to help members confirm whether they will get the payment.
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Yes. The £100 Fairer Share payment is treated as savings income, so it counts towards your personal savings allowance.
This means basic-rate taxpayers can earn up to £1,000 in interest before tax is due.
For higher-rate taxpayers, the limit is £500 and additional-rate taxpayers don’t get a savings allowance, so they will need to pay tax on the full amount.
Nationwide says it will report the payment to HMRC, although tax is not deducted automatically.
Nationwide is also offering a £175 switching bonus to customers moving their main current account to the building society.
To qualify, you’ll need to switch a non-Nationwide and non-Virgin Money current account using the Current Account Switch Service (CASS). The switch must be a full switch, meaning your old account will be closed as part of the process.
Customers must also have at least two active direct debits on the account they're switching over. Within 31 days of opening the account, or applying to switch into an existing account, you'll need to pay in at least £1,000 and make at least one debit card payment. The switch must complete within 28 days.
Nationwide says debit card payments made through Apple Pay, Google Pay and Samsung Pay count towards the offer requirements. However, gambling transactions, cryptocurrency purchases, cash withdrawals and money transfers do not qualify.
You must switch into one of the following current accounts:
If you already have one of these accounts, you can still qualify by switching another provider’s account into it.
The £175 will be paid within 10 calendar days of your switch completing.
Nationwide says customers can receive the switching incentive a maximum of twice – once for a sole account and once for a joint account.
Nationwide has also launched a new fixed-rate bond for existing members, offering 5% AER over 15 months.
This is easily the best fixed deal on the market right now, with not a single competitor able beat it across across all term lengths. The next best 15-month account comes from United Trust Bank, paying a lower 4.6%.
The bond is also open to eligible Virgin Money customers for the first time following Nationwide’s takeover.
Nationwide's bond is open to anyone who held a qualifying Nationwide or Virgin Money current account, savings product or mortgage since at least 20 May 2026 and still does at the time of applying.
The maximum you can deposit is £10,000, and the account can be opened online, in a branch or through the app.
Savers can only add money during the first 14 days after opening the bond, and withdrawals are not allowed during the fixed term.
At the end of the 15-month term, Nationwide will automatically move the money into an instant-access savings account unless customers choose another option.
A deposit of £10,000 would earn around £625 in interest over the 15-month term.
Nationwide is a Which? Recommended Provider for current accounts, achieving a customer score of 84%, coming 4th out of 22 providers.
The building society has also pledged not to leave any town or city in which its branches are based until at least 2030.
