All we all know as Nationwide pays £175 to 1000’s of members

Nationwide has distributed the money to greater than 41,000 prospects

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A Nationwide Building Society branch

Nationwide is the world’s largest constructing society (Picture: Stefan Sutka through Getty Photographs)

All you’ll want to know as Nationwide points greater than 40,000 free £175 funds:

Nationwide Constructing Society has dominated the present account switching market, attracting over 41,000 prospects in simply two months with its beneficiant £175 switching bonus.
The constructing society lured 41,450 prospects between July and September, capitalising on its switching incentive and annual Fairer Share Funds of £100. This efficiency places Nationwide far forward of rivals Monzo and NatWest, which gained 9,934 and eight,731 prospects respectively.
Present account switches exceeded a million for the third consecutive yr in 2025, with 1,054,521 whole switches recorded. Nevertheless, this represents a decline from earlier years when larger rates of interest had been boosting financial savings charges.
The ultimate quarter proved the busiest switching interval, with 350,114 account transfers in line with the Present Account Change Service (Cass). In the meantime, banks like Santander suffered vital losses, shedding almost 20,000 accounts throughout the identical timeframe.
Andrew Hagger from Moneycomms praised Nationwide for standing “head and shoulders above each different supplier” in attracting prospects. He famous the constructing society has received a large 404,207 prospects from competitor banks over the previous two years.
Specialists predict switching exercise will proceed as seven main banks at the moment provide incentives of not less than £175. As one business chief famous: “Loyalty does not pay, however most of the time, transferring your cash can.”
READ THE FULL STORY: Nationwide ‘head and shoulders above’ as 40,000 members get free £175