Nationwide customers could earn free £759 boost due to deal
Recently, the bank has hit headlines for offering certain customers free £100 and £200 bonuses.
Now, it has launched a new Member Exclusive Bond offering a five per cent interest rate over 18 months.
This could deliver returns of this amount on the maximum deposit of £10,000.
The fixed-term account, available exclusively to existing Nationwide members, significantly outperforms current market savings rates.
According to Moneyfactscompare.co.uk, the best fixed-rate bond savings accounts up to one year currently offer interest rates of 4.45 per cent.
Whether you want to speak to a real person in branch, or do your banking online, there are many ways you can bank with us.
If you need support, get in touch: https://t.co/PBQ6UL8e26 pic.twitter.com/nHDrHeLoLb — Nationwide (@AskNationwide) January 2, 2025
Members can deposit between £1 and £10,000 into the account. Those investing the maximum amount would receive £759 in interest when the account matures after 18 months, making it one of the most competitive fixed-rate options available.
This offering from the building society comes after Nationwide announced a new Fairer Share Payment, with more than four million eligible members set to receive £100 each.
The payment is set to be distributed directly into members' Nationwide current accounts between June 18 and July 4, 2025.
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To qualify for the payment, members must use Nationwide for their everyday banking whilst also holding a qualifying savings or mortgage product with the building society.
The Fairer Share Payment forms part of £1billion in direct payments made to eligible members over the past year.
Nationwide is also introducing a £200 member-only switching incentive as part of its enhanced benefits package.
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