Nationwide has announced it is ‘delighted’ to provide a method for certain members to claim up to £631 for free.
This week, the world’s largest building society has been sending emails to numerous customers, containing details about an exclusive offer for Nationwide account holders. Part of the message reads: “As a Nationwide member, we’re delighted to be able to offer you our best available fixed savings rate. Earn 5% AER/gross a year (fixed) for 15 months on balances up to £10,000 with our Member Exclusive Bond.”
Additional details on the Nationwide website clarify that those opening this account can secure up to £10,000 for 15 months. Deposits can only be made during the initial 14 days after opening the bond, which can be established as either a sole or joint account.
Once opened, you won’t be permitted to make any withdrawals until the 15-month period concludes. However, Nationwide explains that by keeping your funds in the account for this duration, you’ll receive a free £63.13 for every £1,000 – or £631.30 if you deposit the full £10,000.
Nationwide added: “At the end of the 15 month term, we will move your money to an instant access savings account. We will let you know before this happens and what your interest rate will be.” To qualify for the account, you must be a UK resident aged 16 or over and have been a Nationwide member on May 20, 2026, and still be a member when you open the bond.
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Membership applies to anyone holding a mortgage, savings, or personal current account with either Nationwide or Virgin Money. You will also need to be registered for Nationwide internet bank and hold a valid email address.