Nationwide is offering workers a £1,200 payment to help offset the cost of living crisis. Most members of staff - 11,000 people - are eligible for the bonus.
The payment, which is limited to those earning less than £35,000, will be given to around 61% of its staff base. Nationwide is paying out the bonus by the end of the year, with the first £600 payment arriving in October and the second in December.
Nationwide is joining the likes of HSBC and Barclays who are offering employees one-off bonuses amid the cost of living crisis, the Mirror reported. The move comes as inflation hits 9.4% and household bills are predicted to rise above £5,000 by January 2023.
