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MSE News: Nationwide Fairer Share: Free £100 bonus confirmed for 2026
Comments
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I have not met 3 or 4 and still got the £100 this year (and the previous 3). Only did 3 payments out in each of Jan, Feb and March.
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I have not met 3 or 4 and still got the £100 this year (and the previous 3). Only did 3 payments out in each of Jan, Feb and March.
So that's half of question 2 (the payments out). Did you not pay in £500 in 2 of the 3 months?
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yes I did meet items 1 and 2
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There you go, you qualify. You don't need to even bother with items 3 and 4.
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As this is MSE, I should point out the regular saver is not even remotely market leading
6.5% on a maximum of £200 a month
You can get 7% with First Direct max £300 a month, 7% with Co-Op max £250 a month. You can get 6.25% with Lloyds max £400 a month that gives almost twice the interest NW give or even 5.75% with Shipton max £250 / 5.5% with Bank of Scotland / Halifax max £250 a month all pay a bit more
There is also a 6 month 7.1% with Zopa, max £300 a month
I'd also argue the NatWest/RBS ones are better value at 5.25% / max £150 because there is no end period so it compounds, once capped at £5000 after 2 1/2 years you get £263 a year
Personally, I'm going to switch from the RS to their cash ISA to reduce the tax I'll pay over £1000 limit so I qualify, I only have it running for the fair share
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Thanks, that would make sense if that's the case, Nationwide could have worded it clearer, e.g. £500 per month, for a minimum of two months. and in the chat they used the term "one-time" payment of £500 which isn't true, as others have stated it could be 500x £1 payments for all they care. now that I'm aware of this look forward hopefully better luck (and preparation!) for me next time. cheers
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I missed out last year (it was my first year with a current account there), in order to minimise the risk of failure this year I made it my policy to pay all of my regular savers through Nationwide after that. It was successful this year and hopefully will continue to be…
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I disagree, the terms are very clear (from 2025 but wording is basically the same)
EITHER
• In two of the three months of January 2025, February 2025 and March 2025, you must:
- have received at least £500 into your current account (transfers in from other Nationwide
accounts do not count), and
- have made at least two payments out of your current account.
For example: you paid in £500 and made two payments out in both February and March 2025.
OR
• In two of the three months of January 2025, February 2025 and March 2025, you must have
made at least 10 payments out of your current account.
For example: you made 10 payments out in January 2025 and 10 payments out in March 2025.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Regular savers don't need to be market leading because you can have several. For instance the comparison with lower interest/higher monthly limit accounts doesn't really make sense because you'd be better off using NW for the max £200 and putting the rest into lower interest RS accounts like Lloyds/Shipton etc.
Also it's more flexible than the likes of FD with higher rates because you can withdraw before the end of the term with no penalty, and replace withdrawn fund the same month without using up the £200 deposit limit.
Plus you can get almost an extra month's interest with NW due to them using calendar months, if you open the account at the end of the month you can make the second deposit the next day and make a total of 13 £200 deposits.
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Sure but none of that is relevant to the point it's not market leading as claimed. I know about the extra month trick
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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