Nationwide has confirmed it will once again pay a profit-sharing bonus to its customers, as part of its Fairer Share scheme. The scheme, launched in 2014, aims to share profits with Nationwide's members. This year, Nationwide members will receive a £100 bonus, which is expected to benefit over 15 million customers. The bonus is a result of the organisation's strong financial performance, with Nationwide reporting a pre-tax profit of £1.3bn in 2022. This is the fifth year that Nationwide has paid a profit-sharing bonus to its customers, with previous bonuses ranging from £100 to £140.
The Fairer Share scheme is a key part of Nationwide's approach to customer-centric banking, with the organisation committed to putting its members at the heart of its business. By sharing profits with its customers, Nationwide aims to reward loyalty and encourage long-term relationships. The bonus is expected to boost customer satisfaction and loyalty, while also demonstrating Nationwide's commitment to being a responsible and customer-focused organisation.