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Chronicle Live
National
Ryan O'Neill & Catherine Addison-Swan

Nationwide announces £100 cash boost for millions of customers

Many Nationwide customers are set to see a surprise £100 paid into their bank accounts next month - but whether you'll get it depends on which accounts you have.

The building society confirmed on Friday in an email sent out to qualifying members that it is distributing a record total of £340 million to selected account holders in June. The new Fairer Share scheme will see the money handed out to customers with savings or current accounts who meet certain criteria.

Nationwide has also announced a two-year fixed Nationwide Fairer Share Bond with a 4.75% interest rate. It comes after pre-tax profit soared 38% to £2.2bn in the year to April – up from £1.6bn last year, WalesOnline reports.

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