{"id":455414,"date":"2026-03-03T13:59:23","date_gmt":"2026-03-03T13:59:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/455414\/"},"modified":"2026-03-03T13:59:23","modified_gmt":"2026-03-03T13:59:23","slug":"nationwide-set-to-axe-175-bonus-in-days-how-to-qualify-personal-finance-finance","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/455414\/","title":{"rendered":"Nationwide set to axe \u00a3175 bonus in days – how to qualify | Personal Finance | Finance"},"content":{"rendered":"

Brits have less than a week to claim a free \u00a3175 from Nationwide<\/a> as part of a deal. The building society will soon remove its current switch offer on March 4, 2026, at 23:59, which means people have just days to complete their switching applications<\/a> if they want to get the cash.<\/p>\n

The incentive, which is used by a number of banks, allows customers to claim money<\/a> for simply switching their current account. To claim Nationwide’s payment, a full switch via the Current Account Switch Service (CASS) to one of Nationwide’s three main current accounts must be completed.<\/p>\n

The building society has also seemed to be the most popular among customers, as the most recent CASS figures show Nationwide recorded the strongest net switching gains of any provider.<\/p>\n

Now, the bank is reminding people who have yet to make use of the offer to do so before time runs out.<\/p>\n

Fred Powell, the head of Product at Nationwide Building Society, said: “Our switching incentive is a demonstration of how we are making banking more rewarding for customers, and the fact we have topped the switching tables consistently shows customers agree.<\/p>\n

“We would encourage anyone looking to switch their account to do so now to benefit from the offer as it will be withdrawn on March 4.”<\/p>\n

To get the \u00a3175, you must switch to a FlexPlus, FlexDirect, or FlexAccount account.<\/p>\n

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The deadline for the switching deal comes as figures suggest that many current accounts are generating no returns for their holders, reports GB News<\/a>.<\/p>\n

According to savings app Spring, 6.5 million accounts holding more than \u00a310,000 are earning zero interest, with the average balance in these accounts at \u00a335,428.<\/p>\n

Derek Sprawling, Spring’s head of Money, said: “It’s staggering that over six and a half million current accounts hold over \u00a310,000 and are earning absolutely nothing, with some people leaving six-figure sums languishing in accounts that erodes the real value of their money.”<\/p>\n","protected":false},"excerpt":{"rendered":"Brits have less than a week to claim a free \u00a3175 from Nationwide as part of a deal.…\n","protected":false},"author":2,"featured_media":455415,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[136837,7638,84,164339,142867,3488,164336,59,52181,164340,164335,164338,164341,56,54,55,164337],"class_list":{"0":"post-455414","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-n","9":"tag-bank-account","10":"tag-business","11":"tag-current-account-switch","12":"tag-current-account-switch-service","13":"tag-finance-section","14":"tag-fred-powell","15":"tag-gb","16":"tag-nationwide","17":"tag-nationwide-current-account-deal","18":"tag-nationwide-u00a3175-bonus","19":"tag-personal-finance-information","20":"tag-switching-deal-deadline","21":"tag-uk","22":"tag-united-kingdom","23":"tag-unitedkingdom","24":"tag-zero-interest-accounts"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/455414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=455414"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/455414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/455415"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=455414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=455414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=455414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}