Nationwide to give millions of members £100 cash payment

• Nationwide building society announced it will distribute a £100 "Fairer Share" payment to 4.4 million eligible members in June.
• This payment follows a "stellar" year, with the society reporting a pre-tax profit of £1.49 billion for the year ending March.
• Under CEO Dame Debbie Crosbie, Nationwide attracted 1 million new current account customers and returned £1.8 billion in value to its members.
• The society has committed to keeping all its branches open until at least 2030 and recently completed the £2.9 billion acquisition of Virgin Money.
• Nationwide, which prides itself on its mutual status, has been recognised for customer satisfaction and its competitive offerings in savings and mortgages.

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Nationwide pledges £100 cash handout to members after ‘stellar’ year