£175 when you switch to a NatWest Select account . T&Cs apply, limited availability offer
Why we like it
An everyday current account. To apply you need to be 18+ and a UK resident. No monthly fee. Great money management tools with our mobile banking app. Multiple ways to pay: Apple Pay and Google Pay TM and contactless Visa Debit Card. Limits apply.
Access to Digital Regular Saver - Earn 5.50% AER / 5.37% Gross p.a. (variable) on 1st £5k, 1.06% AER / 1.05% Gross p.a. (variable) above £5k. Assumed arranged overdraft of £1,200, 39.49% variable p.a. representative 39.49% APR variable. To apply, you need to be 18+ and a UK resident. For £175, use the Current Account Switch Service to switch your account held elsewhere to NatWest. Pay in £1,250 & log into the app within 60 days. If you've received a switching incentive from NatWest Group before, you aren't eligible. Limited availability offer. T&Cs, restrictions, account eligibility criteria & conditions apply.
£175 when you switch to a Royal Bank of Scotland Select account . T&Cs apply, limited availability offer
Why we like it
An everyday current account. To apply you need to be 18+ and a UK resident. No monthly fee. Great money management tools with our mobile banking app. Multiple ways to pay: Apple Pay and Google Pay TM and contactless Visa Debit Card. Limits apply. Access to Digital Regular Saver - Earn 5.50% AER / 5.37% Gross p.a. (variable) on 1st £5k, 1.06% AER / 1.05% Gross p.a. (variable) above £5k. Assumed arranged overdraft of £1,200, 39.49% variable p.a. representative 39.49% APR variable. To apply, you need to be 18+ and a UK resident.
For £175, use the Current Account Switch Service to switch your account held elsewhere to Royal Bank of Scotland. Pay in £1,250 & log into the app within 60 days. If you've received a switching incentive from NatWest Group before, you aren't eligible. Limited availability offer. T&Cs, restrictions, account eligibility criteria & conditions apply.
SPECIAL OFFER - Switch to a 1st Account and get £175*. Requires credit check. New customers only and T&Cs apply.
Why we like it
Get access to a Regular Saver Account - Put away between £25 and £300 for a fixed 12 month term. If you save £300 every month for 12 months and qualify for the 7.00% AER/gross p.a. interest rate, you'll earn approximately £136.50 interest (gross). Interest is calculated daily and paid 12 months after you opened the account. AER stands for Annual Equivalent Rate. This shows you what the rate would be if interest were paid and compounded each year. Gross is the rate of interest if interest were paid and not compounded each year. No partial withdrawals allowed. Early closure will result in interest being paid at the standard account variable rate. £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. No first direct fees for when spending abroad, withdrawing cash from the UK or when making a debit card payment in a foreign currency in the UK. Mobile banking app. UK based contact centre. Representative Example: How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing. 0% EAR variable on the first £250, 39.9% EAR variable thereafter, giving a representative rate of 30.5% APR variable (assumed arranged overdraft £1,200). For customers with an offset mortgage linked to a 1st Account, the interest-free limit will not apply. *Within 45 days of your account opening you need to: switch to first direct using the Current Account Switch Service (including at least 2 Direct Debits or standing orders), deposit £1,000, make 5+ debit card payments, and log on to digital banking. New customers only, who haven’t previously held a first direct product. first direct also can’t offer this to people who have opened an HSBC current account on or after 1 January 2018. Offer can be withdrawn at any time. Subject to status. UK residents only
£175 when you switch to a NatWest Reward account . T&Cs apply, limited availability offer
Why we like it
Must be 18 or older and a UK resident. £2 monthly fee applies. Customers need to pay at least £1250 into any eligible personal current account every month (excludes transfers between your own accounts.) Earn up to £5 per month back: £4 in Rewards for 2 or more Direct Debits (2 of the Direct Debits need to be £2+ each) and £1 with 1 mobile app log in. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners or gift to selected charities. Great money management tools with our mobile banking app. Multiple ways to pay: Apple Pay and Google Pay TM and contactless Visa Debit Card. Limits apply. Access to Digital Regular Saver - Earn 5.50% AER / 5.37% Gross p.a. (variable) on 1st £5k, 1.06% AER / 1.05% Gross p.a. (variable) above £5k. Assumed arranged overdraft of £1,200, 39.49% variable p.a. representative 39.49% APR variable. To apply, you need to be 18+ and a UK resident. For £175, use the Current Account Switch Service to switch your account held elsewhere to NatWest. Pay in £1,250 & log into the app within 60 days. If you've received a switching incentive from NatWest Group before, you aren't eligible. Limited availability offer. T&Cs, restrictions, account eligibility criteria & conditions apply.
£175 when you switch to a Royal Bank of Scotland Reward account . T&Cs apply, limited availability offer
Why we like it
Must be 18 or older and a UK resident. £2 monthly fee applies. Customers need to pay at least £1250 into any eligible personal current account every month (excludes transfers between your own accounts.) Earn up to £5 per month back: £4 in Rewards for 2 or more Direct Debits (2 of the Direct Debits need to be £2+ each) and £1 with 1 mobile app log in. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners or gift to selected charities. Great money management tools with our mobile banking app. Multiple ways to pay: Apple Pay and Google Pay TM and contactless Visa Debit Card. Limits apply. Access to Digital Regular Saver - Earn 5.50% AER / 5.37% Gross p.a. (variable) on 1st £5k, 1.06% AER / 1.05% Gross p.a. (variable) above £5k.
Assumed arranged overdraft of £1,200, 39.49% variable p.a. representative 39.49% APR variable. To apply, you need to be 18+ and a UK resident. For £175, use the Current Account Switch Service to switch your account held elsewhere to Royal Bank of Scotland. Pay in £1,250 & log into the app within 60 days. If you've received a switching incentive from NatWest Group before, you aren't eligible. Limited availability offer. T&Cs, restrictions, account eligibility criteria & conditions apply.
Details
Minimum Deposit for Offer
Reward
Minimum Age
18
UK Resident
Yes
Everyday Current Account
FeaturesOpen & Activate Account and Claim £100 Amazon Gift Card*Fee FREE Everyday Account with access to 5.00% AER Regular Saver Account for 12 months
Open With £1
Account TypeCurrent Account
Everyday Current AccountSantander
Open With £1
Account TypeCurrent Account
FeaturesOpen & Activate Account and Claim £100 Amazon Gift Card*Fee FREE Everyday Account with access to 5.00% AER Regular Saver Account for 12 months
Open a Santander Edge, Edge up, Edge Explorer or Everyday Current Account and Claim a £100 Amazon.co.uk Gift Card
Why we like it
No minimum monthly funding or monthly fee to maintain the account. Access to Santander Regular Saver with 5.00% AER/Gross (fixed) for 12 months. Save up to £200 per month. Get cashback, vouchers, prize draws and other offers personalised to you when you use Santander Boosts (you must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking). Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. 39.94% EAR overdraft charge. *To be eligible for the Gift Card you must have been accepted for and activated a Santander Edge, Edge up, Edge Explorer or Everyday Current Account and complete 30 debit card transactions within 60 days of account opening. T&C's Apply
Details
Minimum Deposit for Offer
Everyday
Minimum Age
18
UK Resident
Yes
Edge Current Account
FeaturesOpen & Activate Account and Claim £100 Amazon Gift Card*Get 1% Cashback on selected houshold bills and access to a 6.00% AER saver account
Open With £500
Account TypeCurrent Account
Edge Current AccountSantander
Open With £500
Account TypeCurrent Account
FeaturesOpen & Activate Account and Claim £100 Amazon Gift Card*Get 1% Cashback on selected houshold bills and access to a 6.00% AER saver account
Open a Santander Edge, Edge up, Edge Explorer or Everyday Current Account and Claim a £100 Amazon.co.uk Gift Card
Why we like it
Earn 1% cashback every month on selected household bills paid by Direct Debit, capped at up to £10 each month. Access to Santander Edge saver with 6.00% AER/ 5.84% Gross (variable) interests on balances up to £4000 (includes 2.50% AER/ 2.47% Gross (variable) bonus rates for the first 12 months from opening). Get cashback, vouchers, prize draws and other personalised offers when you use Santander Boosts (must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking). No fees or charges for international payments or CHAPS payments. Arranged overdraft interest rate of 39.94% APR/EAR (variable). For cashback offer you must pay a minimum of £500 into your account each month, have 2 active Direct Debits, be over 18 and live in the UK permanently. Paper-free account. £3 monthly fee. *To be eligible for the Gift Card you must have been accepted for and activated a Santander Edge, Edge up, Edge Explorer or Everyday Current Account and complete 30 debit card transactions within 60 days of account opening. T&C's Apply
Details
Minimum Deposit for Offer
Interest Paying
Minimum Age
18
UK Resident
Yes
Edge Up Current Account
FeaturesOpen & Activate Account and Claim £100 Amazon Gift Card*2.50% AER Interest on balances up to £25,000 and get 1% Cashback on selected houshold bills
Open With £1500
Account TypeCurrent Account
Edge Up Current AccountSantander
Open With £1500
Account TypeCurrent Account
FeaturesOpen & Activate Account and Claim £100 Amazon Gift Card*2.50% AER Interest on balances up to £25,000 and get 1% Cashback on selected houshold bills
Open a Santander Edge, Edge up, Edge Explorer or Everyday Current Account and Claim a £100 Amazon.co.uk Gift Card
Why we like it
2.50% AER/2.47% gross (variable) on balances up to £25,000. 1% cashback (up to £15 a month) on selected household bills when you pay by Direct Debit. Access to Santander Regular Saver with 5.00% AER/Gross (fixed) for 12 months. Save up to £200 per month. Make international payments with no extra fees (the bank receiving the payment may still apply charges). There's also no charge for making CHAPS payments from this account. No fees for using Santander Edge Up debit card to withdraw cash and make payments outside the UK in the local currency. Get cashback, vouchers, prize draws and personalised offers with Santander Boosts , free rewards service. Online and Mobile Banking available with text and email alerts. £5 monthly fee for maintaining the account that will automatically be taken from the account each month. Must pay a minimum of £1,500 into the account each month. Must have 2 active Direct Debits. Arranged overdraft facility (subject to status). If you use an arranged overdraft you’ll be charged an interest rate of 39.94% APR / EAR (variable). Online and Mobile Banking available with text and email alerts. *To be eligible for the Gift Card you must have been accepted for and activated a Santander Edge, Edge up, Edge Explorer or Everyday Current Account and complete 30 debit card transactions within 60 days of account opening. T&C's Apply
Details
Minimum Deposit for Offer
Interest Paying
Minimum Age
18
UK Resident
Yes
Edge Explorer Current Account
FeaturesOpen & Activate Account and Claim £100 Amazon Gift Card*Earn cashback, worldwide travel insurance, breakdown cover and phone insurance, plus access to 6% AER savings account
Open With £0
Account TypeCurrent Account
Edge Explorer Current AccountSantander
Open With £0
Account TypeCurrent Account
FeaturesOpen & Activate Account and Claim £100 Amazon Gift Card*Earn cashback, worldwide travel insurance, breakdown cover and phone insurance, plus access to 6% AER savings account
Open a Santander Edge, Edge up, Edge Explorer or Everyday Current Account and Claim a £100 Amazon.co.uk Gift Card
Why we like it
1% cashback on selected household bills (up to £10 a month). Plus 1% cashback at supermarkets and on travel costs (up to £10 a month). Worldwide travel insurance (excluding Cuba) for you and your family including winter sports. 24/7 remote access to a GP in the UK for you and your family. UK and European breakdown cover - whether you're the driver or passenger. Mobile phone insurance - cover for you and your family. Access to Santander Edge® Saver with 6.00% AER / 5.84% gross (variable) interest on balances up to £4,000 (includes 2.00% AER / 1.98% gross (variable) bonus rate for the first 12 months from opening). International payments with no extra fees (the bank receiving the payment might still apply charges). No charge for making CHAPS payments from this account. No Santander fees for using your Santander Edge® Explorer debit card to withdraw cash and make payments outside the UK in the local currency. Get cashback, vouchers, prize draws, and other offers personalised for you with Santander Boosts (you must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking). Arranged overdraft facility (subject to status). If you use an arranged overdraft, you’ll be charged an interest rate of 39.94% APR / EAR (variable). £17 monthly fee. To open an account, you must be 18-73 years old and live in the UK permanently. If it's a joint account, you must both live at the same UK address. Once you're 75 years old, you are no longer eligible for the travel insurance benefits. You can only have 1 Santander Edge® Explorer account at a time. *To be eligible for the Gift Card you must have been accepted for and activated a Santander Edge, Edge up, Edge Explorer or Everyday Current Account and complete 30 debit card transactions within 60 days of account opening. T&C's Apply
Switching your bank account has never been easier and many banks are providing attractive incentives to lure in new customers.
Switching your current account can be carried out online in a simple and streamlined way which requires minimal effort on the customer’s part. The switching service will move all of your money, direct debts and standing orders over to your new account, usually within seven days.
There are many accounts on offer and finding the best one for you can be challenging, but higher rates of interest and cashback rewards are just two common incentives which can make it worth your time.
Which Current Account Should I Switch to?
Current Accounts Best for Interest
One of the best accounts for interest on lower amounts is the TSB Classic Plus Account. This account has one of the lowest minimum monthly pay-ins at £500 per month, so is well-suited to anyone who finds it difficult to meet the minimum payments of some other accounts.
They also offer one of the highest rates of interest on balances of up to £2,000. Interest is paid monthly and to earn it you simply pay in a minimum of £500 a month and register for Internet Banking, paperless statements and paperless correspondence.
Bonus:
One of the biggest incentives on offer is the opportunity to earn 5% cashback a month on the first £100 of contactless payments. This includes Apple and Android Pay, up until 30 September 2017
Other accounts that offer great interest on lower amounts:
Nationwide Flexplus account. This account currently offers the highest rate on the market, however, this is for one year at a fixed rate of 5% before falling to 1% in subsequent years
Currently, the account paying the highest amount of interest for larger deposits is the Santander 123. This is a great account for those with savings above £10,000. Although Santander are currently planning to cut the Santander 123 headline rate, it will still be a great option for bigger savers.
Bonus:
You are also able to have two accounts in your name, but one must be joint – meaning couples can save £60,000 between them
Current Accounts Best for Switch Rewards
There are some great switch rewards on offer at the moment.
One example, the Halifax Current Account, has some great reward features including a £100 switch reward, paid in to your account before your switch is complete.
Bonus:
If you’re able to pay £750 or more in to your account, pay out at least 2 different direct debits and stay in credit each month, you could earn £5 each month with their Reward Current Account
Combine this option with the Switch Reward and you could earn £160 in a year. This is one of the few accounts that pay both a switching bonus and an ongoing reward.
Some other accounts which also offer excellent Switch rewards include:
First Direct, Co-operative and HSBC. These accounts are all offering £100 or more for switching
Current Accounts Best for Cashback
There are some great cashback accounts to switch to at the moment. The NatWest Reward Account is one of the best options as there are no monthly payments on this account making it very suitable for those who are unable to meet the high minimum payment requests of some other accounts.
There is, however, a charge per month of three pound. The rewards you can earn on this account are similar to the Santander 123 account in that you can earn cashback on your household bills.
As this account is a cheaper option than the Santander account, it’s a great choice for those who pay a lot of household bills out of one account and would like to see some return on that.
Other accounts offering cashback deals:
TSB are currently offering 5% of cashback on the first £100 of contactless purchases
This is a brief overview of some of the excellent current accounts on offer at the moment, but please use our website to find out further details on each of these accounts and more.
