Overview

• Nationwide reported a 30% surge in pre-tax profits to £2.3 billion for the year to March 31, enabling enhanced member rewards
• Eligible members will receive a £100 Fairer Share bonus between June 18 and July 4
• The new Member Exclusive Bond launched June 4 offers a fixed 5% rate for an 18-month term on deposits of £1–£10,000
• Bond holders must be existing members and deposit funds within 14 days of account opening, with no withdrawals allowed before maturity
• Nationwide has also trimmed rates on 63 other savings products following the Bank of England’s base rate reduction