This is Money Podcast Has Nationwide found a winning formula with its cash bonuses?
May 30, 2025
The discussion kicks off with Nationwide's new £100 cash bonus initiative and its implications for members. The hosts then dive into the competitive banking landscape, revealing how attractive bonuses drive customer retention. HSBC's Premier account perks spark debate on income requirements versus benefits. Investment opportunities are explored, highlighting NVIDIA's success amidst market volatility. Finally, insights into the emotional dynamics of home viewings and the implications of changes in retirement age provide a thought-provoking conclusion.
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How to Qualify For Fairer Share
- To qualify for Nationwide's Fairer Share £100 bonus, you must have an active current account plus another product like a savings account or mortgage.
- Simply holding a savings account or mortgage without a current account won't qualify you for the bonus.
Nationwide's Profit & Bonus Strategy
- Nationwide's huge profits stem from mortgage lending and their ability to maintain a net interest margin amid competitive savings rates.
- Instead of racing to offer the best rates, Nationwide uses lump sum bonuses to reward members without distorting the market.
Get Nationwide Switching Bonus
- If you lack a Nationwide current account, switching can unlock a £200 bonus and potentially the £100 Fairer Share next year.
- To benefit next summer, open a current account and deposit money into a savings account before the qualifying date.