UK households have a lucrative opportunity to earn up to £275 by opening bank accounts with Nationwide. The bank is currently running a promotion that rewards new customers transferring from rival banks with a £175 welcome payment.
This offer is active now, and those who act quickly could receive their bonus before the end of the year. In addition to the initial payment, existing Nationwide customers may qualify for an annual bonus of £100, typically paid out every June. Although this scheme isn’t guaranteed to continue every year, it has been consistent since 2023, making a strong case for it continuing in the near future.
The bonuses apply to customers who have current accounts, qualifying savings accounts, or mortgages with Nationwide, making the bank an appealing choice for those looking to boost their finances.
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Financial experts recommend taking advantage of these types of money-saving offers to maximize extra income. Many other banks have similar promotions, so it’s worth comparing options before making a decision.
Aaron Peake, personal finance expert at CredAbility, explained: “If you’re not getting anything back from your bank, a simple switch this week could put extra cash in your pocket before Christmas. It’s one of the easiest ways to make money legally. You’re not borrowing or buying anything you don’t need. Some people even earn thousands by switching repeatedly.
“There are rules to follow. Sometimes you need a one-off deposit, sometimes a minimum monthly pay-in. That might mean moving money between accounts for a short time but it’s straightforward. Direct debits move automatically, your salary lands in the right account, and you control everything in the app.”
With minimal hassle and solid rewards, switching to Nationwide could be a smart financial move this season.