What the £175 Offer IncludesThe switching bonus is available for those who move into a FlexDirect, FlexAccount, or FlexPlus account. Anyone who has already received a Nationwide switching reward since 2021 is excluded from this offer. Mortgage Rate Cuts AnnouncedAlongside the switching bonus, Nationwide has also reduced its mortgage rates across selected two, three, and five-year fixed products by up to 0.18 percentage points. The payment will appear on your account statement as “Switching Offer.”Can joint account holders both claim the reward? If you received a Nationwide switching bonus since 2021, you are not eligible.