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THE BUILDING SOCIETY SAID IT WILL DISTRIBUTE ITS THIRD FAIRER SHARE PAY-OUT TO ELIGIBLE MEMBERS IN JUNE OR EARLY JULY, AFTER REPORTING AN "OUTSTANDING" YEAR FOR PROFITS HOLLY

WILLIAMS PA BUSINESS EDITOR and SOPHIE GRUBB 10:24, 30 May 2025 Millions of Nationwide account holders are set to receive a welcome £100 boost, as the building society has confirmed.

Nationwide has said that it will be making its third Fairer Share payment to qualifying members between June 18 and July 4., following what has been described as an "outstanding"

financial year. The announcement on Nationwide's website reads: "The Nationwide Fairer Share Payment is £100 for the third year running. Over 4 million of our members will receive

it." The statement continues, "We will have paid out over £1 billion to eligible members since 2023. You must be a member of Nationwide with a qualifying current account, plus

either qualifying savings or a qualifying mortgage." It further clarifies, "And you need to have met these criteria when we last checked on 31 March this year.", reports

Bristol Live. Members who meet the eligibility requirements can expect their £100 payment to land in their accounts between 18 June and 4 July 2025, with the stipulation that the funds will

only be deposited into an active Nationwide current account. Those due to receive the payment will be notified via email or letter by 30 May. Members can also verify their eligibility

through Nationwide's online banking service. In the previous year, Nationwide distributed £385 million among 3.85 million customers and additionally rewarded members with a one-time

£615 million bonus as part of "The Big Nationwide Thank You". The building society has reported a 30% surge in annual profits, capping off a year which included the successful

acquisition of Virgin Money. The mutual unveiled pre-tax profits of a hefty £2.3 billion for the financial year ending March 31, marking an increase from the £1.8 billion reported in the

preceding year, even as it distributed a record-breaking £2.8 billion in value to members, involving £1 billion in rewards. Article continues below Despite these generous member offerings,

underlying pre-tax profits saw a modest decline to £1.9 billion from a previous £2 billion - a development Nationwide attributed to its commitment to providing competitive interest rates for

customers. Debbie Crosbie, Group Chief Executive of Nationwide Building Society, expressed her satisfaction: "Nationwide has had an outstanding twelve months." She further

highlighted key achievements, noting: "We returned a record £2.8 billion in value to our members and recorded our highest ever year for growth in mortgage lending and retail deposit

balances." Crosbie continued with comments on recent corporate developments: "The Virgin Money performance was strong in the six months since our acquisition, with improvements in

customer service and a return to growth in mortgage lending." Article continues below Following the completion of the massive £2.9 billion acquisition of Virgin Money last year,

Nationwide has ascended to become the second-largest mortgages and savings provider in the UK. The firm's executives have indicated that the ongoing integration of its new asset is

"progressing well".