Nationwide increases £100 bonus payments to £862 for certain customers - Birmingham Live


Nationwide increases £100 bonus payments to £862 for certain customers - Birmingham Live

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Nationwide increases £100 bonus payments to £862 for certain customersYou can deposit anything from £1 to £10,000.NewsJames Rodger Content Editor13:58, 04 Jun 2025You can deposit anything


from £1 to £10,000. Nationwide customers are set to get up to £762 for free. Nationwide is set to launch a new Member Exclusive Bond account offers a savings rate of 5% fixed for 18 months.


You can deposit anything from £1 to £10,000.


If you were to put in the larger amount, this would amount to £759.30 in interest at the end of the fixed term (18 months). It comes on top of the £100 Bonus payment being issued thanks to


the Fairer Share Scheme.


‌ It means customers who are eligible for the payout can act at the same time to open a new Bond, which would effectively bump their pay up to £859 from the building society, which has


branches in Birmingham.


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The Member Exclusive Bond is available from today to all 16 million existing members and can be opened in branch, online or via the Banking App, the banking giant has said.


Article continues below Its members saving the maximum £10,000 would receive £762.50 in interest after 18 months - over £150 more than they would receive over the same period in our next


highest-rate bond (4% 1 Year Fixed Rate Bond). - Nationwide says.


One savings expert thinks the 18-month bond looks attractive despite the catch of £10,000 being the maximum deposit limit.


Andrew Hagger, personal finance expert and founder of Money Comms said: "Eighteen months at 5 per cent is an excellent deal it's 0.55 per cent higher than the current best buy from Oxbury


Bank at 4.45 per cent.


Article continues below "As a Nationwide member I would seriously consider this, even though the maximum you can save in this exclusive bond is £10,000. 'Despite this I'm sure there will be


no shortage of takers."


Interest is paid annually on the anniversary of account opening and at maturity. Savers won't be able to withdraw money from the Nationwide account until the 18-month term ends, though.