Nationwide will give out a generous cash boost after experiencing record-high profits
The building society will issue the Fairer Share payment for up to 3.4 million of its customers after it confirmed it secured record profits of £2.2 billion. In total, it will pay out £340 million directly into customer accounts.
Meanwhile, savings accounts must have at least £100 in total in one or more accounts at the end of the day in March 2023 and can include personal savings accounts or ISAs. Qualifying mortgage products must have customers owe at least £100 on their Nationwide residential mortgage on March 31, 2023. "We can do this because we're a building society, not a bank, and our profit is reinvested for our members' benefit."
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