Nationwide Fairer Share Payment 2024

Zanderman

Fairer Share Payment

Fairer Share payment: Full eligibility criteria can be found here. In summary:

• Current account: To be a qualifying current account, your account must have been open on 31 March 2024. See here for further criteria. Qualifying members must still have a current account in June.
• Savings: You will have had qualifying savings if you had at least £100 in total in one or more personal savings accounts or cash ISAs with Nationwide at the end of any day in March 2024.
• Mortgage: To be a qualifying mortgage, you must owe us at least £100 on your Nationwide residential mortgage on 31 March 2024

That link isn't yet working but should later I assume: https://www.nationwide.co.uk/about-us/fairer-share/check-if-eligible

Edited to add that that link is now working.

Bridlington1

You can check if you'll be getting the payment if you use the chat in online banking. I've just done so and once again I've qualified for the £100 for having money in a regular saver with them (8% this time) and regularly bouncing money through my Nationwide current account on its way to other regular savers. 

Zanderman

There's also this bond:

Nationwide is launching a highly competitive Member Exclusive Bond offering a rate of 5.5 per cent AER/gross (fixed) for 18 months and available to all 16 million existing members. Max deposit 10k .

And also a switch offer:

For existing members (as at 31 March) who currently do not use Nationwide for their everyday banking, Nationwide is offering a £200 Member Exclusive Current Account Online Switch Offer.

simonsmithsays

Bridlington1 said:

You can check if you'll be getting the payment if you use the chat in online banking. I've just done so and once again I've qualified for the £100 for having money in a regular saver with them (8% this time) and regularly bouncing money through my Nationwide current account on its way to other regular savers. 

You can also check by clinking (in the App) on Products and Savings to see if you're offered the 5.5% Member Savings Bond

Bridlington1

Ts&Cs now live:
https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/about/fairer-share/nationwide-fairer-share-payment-2024-terms-and-conditions.pdf?rev=fd3eeb11d1294136a9202d9ed2e8ce27

PRAISETHESUN

Eligibility check link is working now

AlwaysLearnin

simonsmithsays said:

Bridlington1 said:

You can check if you'll be getting the payment if you use the chat in online banking. I've just done so and once again I've qualified for the £100 for having money in a regular saver with them (8% this time) and regularly bouncing money through my Nationwide current account on its way to other regular savers. 

You can also check by clinking (in the App) on Products and Savings to see if you're offered the 5.5% Member Savings Bond

I think the criteria might be different though, ie for the bond you just needed to be a member, but for the fairer share payment there were additional criteria ( which i think i may have fallen foul of, as I stupidly forgot to make 2 payments out in March...😠🙄)

wiseonesomeofthetime

It might become clearer later, but does qualifying for the £100 exclude you from doing a CASS for the £200?

I have a couple of accounts I could trim (only use one obv)

Will only get to "keep" £80 of the Fairer Share" if nationwide report it as "interest " again, like last year, but I'll still take the £80.

No doubt there will be a thread soon from all those who miss out again 🤷‍♂️

Zanderman

wiseonesomeofthetime said:

It might become clearer later, but does qualifying for the £100 exclude you from doing a CASS for the £200?

I have a couple of accounts I could trim (only use one obv)

I would assume so, as the wording is 

"For existing members (as at 31 March) who currently do not use Nationwide for their everyday banking, Nationwide is offering a £200 Member Exclusive Current Account Online Switch Offer putting them in prime position to receive a Fairer Share payment in future years."

If you are eligible for the Fairer Share £100 now that means they classify you as currently using Nationwide for your everyday banking, so the implication is that the £200 switch is not for you. but the £100 is.

Edited to add: As you were - it seems my assumption may be wrong, as there's no mention of any such exclusion in the switch wording linked to in changearound1's post below which links to https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/current-accounts/resources/p4258-member-exclusive-online-switch-offer.pdf

Zanderman

Notifications now appearing on login to the app, and following the link there I get this: