Financial expert Martin Lewis has explained how savers can get free £100 from Nationwide in 2025. As part of Nationwide’s exclusive ‘fairer share’ bonus, customers can secure as much as £275 for free.
Last year, a total of £385 million was paid to 3.85 million Nationwide members, up from £340 million between 3.4 million members in 2023. Whilst the building society has not provided details about when this next bonus will be, looking at the eligibility criteria from 2024 and 2023 can help customers understand if they can benefit.
In his weekly email, Martin Lewis shared how both existing and new customers can increase their chances of receiving the payout. Firstly, you must have opened your Nationwide account before March 31st, 2025 as this is the latest the building society will check to see who is eligible. Customers are also warned to not close their accounts after this date, as only current members can receive the payment.
The next criteria to be met is that the account must be used within the first three months of the year. This could mean paying a minimum of £500 in to the account, or making at least ten payments out of it.
If you want to increase your chances further, Lewis advises you do both. Payments out include both bank transfers and standing orders, but not transfers to other Nationwide accounts in your name.
The final criteria is where many customers might fail the eligibility test, and that is they must have either a mortgage or a saving’s account with Nationwide. To receive the bonus you must have either a minimum of £100 in your savings account or owe at least £100 owed on your mortgage.
If you’ve met the above requirements, you should be contacted around May 31. The payment can be expected to be deposited into your account around 13-28 June, based on the timings from 2024.
But for those who are not currently Nationwide customers, there is a chance to receive the £100 bonus as well as an additional £175 bonus, if you act quickly.
This is thanks to Nationwide currently offering an £175 bonus for switching to them from another bank. This switch can be done in just seven working days, and will open an account which offers a year of five per cent interest on up to £1,500 and up to £5 a month cash back.
More details about the bonus can be expected in May after Nationwide’s board has assessed the financial performance for the past year.