
Nationwide confirms some members will receive a free £200
Nationwide confirmed that more than four million customers will each receive £100 in Fairer Share payments.
The £100 will land in eligible current accounts from June 18 to July 4.
To qualify, members must use Nationwide for their "everyday banking" and have an eligible savings or mortgage product with them.
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
And those who have missed out, and did not have their main current account with Nationwide as of March 31, could get their hands on a free £200 boost by taking up a switching offer.
Those who do not have their main current account with Nationwide can take advantage of a £200 Member Exclusive Current Account Online Switch Offer.
Existing customers who decide to switch their main bank account to Nationwide will get the cash if they carry out a full online switch to a new or existing FlexPlus, FlexDirect, or FlexAccount.
Recommended reading:
It's important to note that this switch must involve shutting down the old account
You'll also need to transfer at least two Direct Debits, complete the switch within 28 days, and deposit a minimum of £1,000 and make one debit card transaction within 31 days of opening the new account, or initiating the switch to an existing one.
Nationwide added: "You can only get this offer if you're switching into a sole or joint account that hasn't had one of our switch offers since 2021."

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Mail
16 hours ago
- Daily Mail
Experts reveal the mortgage number that could save US housing market
The housing market is under strain with prices falling as families are unwilling to move and refinance their mortgages at current rates. However, a glimmer of hope arrived when the average daily mortgage rate fell to 6.57 percent on Monday — the lowest in 10 months — according to a new report from Redfin. However, experts have revealed that it will take much lower rates to revive the flagging market. Nationwide mortgage rates would have to fall more than two percent to 4.43 percent to make the typical home affordable for a median-income family, a new report from Zillow claims. The analysis defined affordable monthly payments to be less than 30 percent of a household's income, and assumed a 20 percent down payment. The two percentage point drop would make cities such as Dallas, New Orleans and Nashville affordable, according to the study. On the other hand cities with extortionately high housing costs - such as New York, Los Angeles and Miami - would not become affordable even if rates fell to 0 percent. On the other end of the spectrum areas of the US where home prices are much lower would remain affordable even if rates climbed higher than they are now. For example, the report cites Pittsburgh, Pennsylvania where the average home is $244,928 compared to the national average of $369,147. A median-income family could still buy a home there even if rates jumped to 9 percent, Zillow found. Birmingham Alabama, Detroit, Michigan and Buffalo, New York are also areas that would remain affordable if rates surged above 7 percent again. Even with rates falling Zillow expects prices to end the year two percent lower than the start. 'That small decline won't be much of a setback to most homeowners' equity following the 49 percent increase since 2019,' Zillow economist Anushna Prakash wrote. 'It also won't move the needle very far for first-time buyers priced out of the market,' she explained. 'Home prices and/or mortgage rates would need to drop by massive amounts to make a typical home affordable for a median-income family.' Prakesh added that those waiting for a price crash large enough to make buying affordable shouldn't hold their breath. Without an alarming slowdown in economic growth and a rise in the unemployment rate a correction is unlikely. Investors are now waiting with bated breath to see if the Federal Reserve will cut interest rates at its September meeting. Fed chair Jerome Powell has provoked the wrath of Trum p by continuing to hold benchmark rates between 4.25 and 4.5 percent. The most recent jobs report showed hiring growth dropped dramatically last month and unemployment ticked up , a key metric that may entice the Fed to cut rates. Non-farm payrolls added 73,000 in July, far lower than the 100,000 expected by analysts. The unemployment rate also ticked up to 4.2 percent. Last year the 'Oracle of Wall Street' Meredith Whitney told the Daily Mail that rates need to drop below 6 percent to get the market moving .


The Sun
2 days ago
- The Sun
John Lewis announces big shake-up across all 36 UK stores just days after cutting credit card perks
JOHN Lewis is making a huge change across all 36 UK stores just days after cutting its credit perks. The retailer has kicked off the make-over of its nationwide beauty halls as part of an £800million investment into the brand. 1 The retailer unveiled the new concept at its Liverpool store on Friday, with five more set to open this year. The beauty hall has been expanded by nearly 40% and features 132 premium brands, with 23 new or expanded counters including labels Trinny London and Byredo. John Lewis also announced a new partnership with Rihanna 's Fenty Beauty with the brand debuting in the Liverpool store and launching a new collection online. The singer and make-up mogul said she was "proud to expand our Fenty Beauty brands even further by finally launching at John Lewis in the UK". John Lewis last year pledged to inject more than £250million into its stores over two years as part of the restorations, which will pump a total of £800million into the John Lewis brand over the next four years. Peter Ruis, John Lewis's executive director, had said some of its stores needed "more love" after a challenging few years for the retailer, which has included a handful of store closures and a shift in shopping behaviours following the pandemic. However, the group is betting on the future of a modernised shopping experience, with its revamped beauty halls featuring "multi-sensory" experiences including fragrance spaces, treatment rooms and beauty services. Similar refurbishments are set to launch at stores in Bluewater, Solihull, Cambridge, Welwyn and London White City before the end of 2025. Vikki Kavanagh, John Lewis's chief commercial officer, said: "The vision is for the stores to be destinations where people can discover and shop curated collections, learn from an expert, try a new beauty treatment, or meet a friend for lunch." Beauty sales have surged by more than 40% over the past five years, attracting new and returning customers both in stores and online, John Lewis said. When the initiative is complete, the retailer expects to offer some 540 beauty counters, almost 70 treatment rooms, and more than 400 beauty services nationwide. John Lewis unveiled a £6.5million upgrade to its flagship Oxford Street store in London last year. This included a new larger beauty hall, a dedicated fragrance space and Waterstones bookshop within the store. Despite these investments, John Lewis sparked frustration among loyal shoppers by cutting its credit card perks earlier this month. One shopper on described the decision as the brand "shooting themselves in their own foot." How have John Lewis credit card perks changed? Since August 1, partnership credit card holders have seen their rewards reduced when shopping with other retailers. Previously, customers earned one point for every £4 spent at other stores, with each point converting into 1p and redeemable as gift vouchers for John Lewis and its sister brand, Waitrose. However, the spending threshold has now increased to £10, meaning customers need to spend more at other retailers or wait longer to accumulate rewards. The rewards for shopping at John Lewis and Waitrose remain unchanged, with customers continuing to earn five points for every £4 spent and receiving a £5 voucher for every 500 points earned. A John Lewis Money spokesperson said: "Our rewards are being updated to help maintain our market-leading reward for spending at John Lewis and Waitrose, where customers earn 1.25% back on every pound spent." It is not the first time the retailer has lowered rewards for spending elsewhere. In 2020, the retailer reduced the amount customers of points customers earn from purchases made at other stores from one point for £2 spent to £4. But it is not all bad news for card holders, with the retailer announcing bigger rewards for loyal customers. For the next three years, shoppers will earn triple points when shopping in John Lewis stores and double points when shopping online. Credit card need-to-knows NOT using a credit card effectively can wreak havoc on your finances and your credit score. If you don't keep up with repayments or default on your debt, you are likely to get a black mark on your credit record, which could affect your ability to get a credit card, loan or mortgage in the future. It's important not to let yourself get sucked into overspending. You should always clear the full balance as soon as possible. If you have a poor credit score, don't bank on being approved for a card or getting the 0% deal you'd hoped for. Card providers only have to give the advertised rate to 51% of applicants, so you could end up paying more interest than you bargained for. If you've got a poor credit record, you're less likely to get the best rates. And if you are looking for a new credit card, don't apply for lots at once. After your 0% period is up, lenders can charge upwards of 40% interest, so if you have not repaid the debt fully by then, try to move the debt onto another 0% deal.


The Sun
2 days ago
- The Sun
B&M shoppers rush to buy popular toys scanning for £1 instead of £40 in big nationwide summer sale
B&M shoppers are rushing to buy toy bargains scanning for £1 instead of £40 in a giant nationwide sale. Swathes of savvy savers have spotted cut-price deals in branches, with a number posting their finds on Facebook. 3 3 3 One uploaded pictures of Monster High and Sonic the Hedgehog toys scanning for just £1 and a Zuru Max dinosaur egg toy for £3. Another said they found stationery sets for 50p and kids clogs for only 10p. A third and fourth found a Tiffany's World set and Rapid Fire pinball game for just £1. B&M just this week launched a two for £20 offer on over 20 of its products but has dropped prices on others by even more. It is understood the retailer has launched discounts on selected lines across stores nationwide. You can find your nearest B&M branch via In any case, always remember to compare prices before buying any product as you might find it cheaper elsewhere. PriceSpy, Price Runner and Idealo are three websites well worth using to find the best price for a particular item. You can also use the Google Shopping/Product tab to do a less extensive trawl of the internet. If you're looking to find similar bargains next time you're at B&M, there is one trick you can use as well - the B&M scanner app. The app can be downloaded for free on to your smartphone via the Apple App Store or Google Play. It has a barcode price check feature which lets you scan product labels in-store to find out their true price. It sometimes shows up products that have been slashed to just 10p. The app also offers you a description of the product you are scanning. How else to save money at B&M The best time to get cut-price products is 10am on a Wednesday, according to one ex B&M manager. This is when staff slash items to as little as 10p to clear excess stock and make way for new products. It's worth signing up to Facebook pages dedicated to hunting for bargains from B&M and other discounters too. Some worth joining are B&M Bargains, Extreme Money Saving Deals and More and Extreme Couponing and Bargains UK group. Meanwhile, B&M super shopper Sam Penney recently revealed her six top tips for bagging a bargain at the discount chain. This included looking out for red and white stickers on products which are placed on items which have been reduced in price. Sam also said it's worth speaking to B&M workers who can scan items and let you know if something is cheaper than its advertised price label. How to bag a bargain SUN Savers Editor Lana Clements explains how to find a cut-price item and bag a bargain… Sign up to loyalty schemes of the brands that you regularly shop with. Big names regularly offer discounts or special lower prices for members, among other perks. Sales are when you can pick up a real steal. Retailers usually have periodic promotions that tie into payday at the end of the month or Bank Holiday weekends, so keep a lookout and shop when these deals are on. Sign up to mailing lists and you'll also be first to know of special offers. It can be worth following retailers on social media too. When buying online, always do a search for money off codes or vouchers that you can use and are just two sites that round up promotions by retailer. Scanner apps are useful to have on your phone. app has a scanner that you can use to compare prices on branded items when out shopping. Bargain hunters can also use B&M's scanner in the app to find discounts in-store before staff have marked them out. And always check if you can get cashback before paying which in effect means you'll get some of your money back or a discount on the item.