Thousands of bank workers will receive a £1,200 bonus to help with the cost of living crisis. 11,000 members of staff at Nationwide are due to receive the payment, according to the high street building society.
It comes as inflation hits 9.4% and household bills are predicted to rise above £5,000 by January 2023. The bonus will not be given to anyone in the company who earns £35,000 or more.
However, around 61% of its staff base are estimated to be entitled to the payment. Those eligible will receive the payment in two equal halves with one £600 arriving in October and the other in December.
