Current Accounts Rewards
Latest Deals for Switching Your Account
Whether you are opening your first current account, or are looking to switch your existing current account, banks and building societies could be likely to offer you a range of attractive rewards when setting up your new current account. When opening a new current account, rewards may include the following:
- Cash-back upon opening your current account
- Overdrafts with low interest rates
- High in-credit interest rates
A premium current account could offer the following rewards:
- Travel insurance
- Mobile phone and gadget insurance
- Breakdown cover
- Higher interest rates when in credit.
To help you compare current accounts, we have compiled the following comparison tables, which include details of a number of different current accounts and their rewards.
|Account||Interest (AER)||Overdraft Rate||Funding Required*||Fee pm||Features||Apply|
|FlexDirect Current Account||5.0%*||0% for 12 months||£1,000 per month||N/A||5.0% IN-CREDIT INTEREST on balances up to £2,500 for the first year.||More Info >|
Nationwide FlexDirect Current Account
|Nationwide FlexPlus Current Account||3.0%*||0% for first £250||No minimum||£13||3.0% INTEREST on balances up to £2,500||More Info >|
Nationwide FlexPlus Current Account
Santander Bank »
|Santander 123 Current Account||1.50%*||Up to £3 per day||£500 per month||£5 pm||*1.50% AER (variable) on your entire balance up to £20,000. Up to 3% cashback on household bills.||More Info >|
Santander 123 Current Account
|Nationwide FlexAccount Current Account||N/A||0% for first 3 months||No minimum||N/A||3 months interest-free overdraft and no monthly account fee||More Info >|
Nationwide FlexAccount Current Account
First Direct »
|1st Account Current Account||N/A||0% for first £250||No minimum||Free if funding £1,000 or £10 below £1,000||Switch your current account and you'll get a free gift worth up to £150. £250 interest free overdraft. Free banking if paying over £1,000 per month. Satisfaction guarantee - £100 if you leave within 6 months||More Info >|
First Direct 1st Current Account
As there are so many different banks and building societies that could be tempting you with such rewards, it would be wise for you to compare a number of different current accounts to see which might be the most beneficial to you.
Current accounts are generally offered free of charge, however if you are interested in opening a current account that offers a number of rewards in return for a monthly fee, you might wish to consider opening a premium current account.
To ensure that you find a current account that is most suited to your individual needs, it is crucial that you compare both premium and standard current accounts to see what each could offer you.
If you are looking to switch your existing current account, you may be relieved to learn that the switching process could be a lot simpler than you might have originally thought. Most banks and building societies have a switching procedure in place, whereby they could transfer direct debits and standing orders to your new current account in a few weeks.