Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older
Limited Issue Online Access Account
Interest AER4.85%
Min deposit£1000
TermInstant Access
Limited Issue Online Access AccountLeeds Building Society
Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
Why we like it: The Home Deposit Saver lets you earn a competitive rate of interest whilst building up the deposit needed for your first or next home. £500 bonus to boost your savings if you receive a residential purchase mortgage offer from Leeds Building Society. Interest paid annually. Open and manage online. FSCS Protected. You can only pay in up to £500 in a single month. Withdrawals are limited to 1 each year. You can deposit up to £30,000 in total. Bonus eligibility criteria apply. Must be UK resident and be aged 18 or older
Why we like it: A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older.
Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.55% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected
Why we like it: Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older
Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents
Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account
NatWest is currently offering a £200 cash incentive for switching to their Select or Reward Current Accounts. If you would like to take advantage of this bank switch offer, read on to learn more about these deals and how to arrange a new NatWest bank account.
First Direct are offering a £175 welcome bonus if you switch to their 1st Account. To qualify you must complete a full switch using the Current Account Switch Service, including at least 2 Direct Debits or standing orders. Then deposit £1,000, make 5+ debit card payments, and log on to digital banking, within 30 days of your account opening
Santander are offering a £175 incentive to switch to their Edge Current Account. To qualify you must complete a full switch to a Santander Edge Current Account using the Current Account Switch Service, set up 2 active Direct Debits and pay in £1,500 within 60 days
Santander also offer a £175 bonus if you switch to their Edge Up Current Account. Again, to qualify you complete a full switch to a Santander Edge Current Account using the Current Account Switch Service, set up 2 active Direct Debits and pay in £1,500 within 60 days
NatWest Select Current Account
In addition to the £200 cash incentive, the NatWest Select Current Account boasts features such as:
No account fees
Minimum opening balance of £0.01
0% AER interest (annual equivalent rate)
The NatWest Select Current Account also gives you access to their Digital Regular Saver. The top rate of interest on this savings account for balances up to £5,000, and the £200 cash reward create a total earning of £508.50 in one year.
Requirements for the NatWest Select Current Account
Must log in to the NatWest banking app within 60 days
Should you meet the criteria for this current account, you will receive the £200 cash bonus within 7 days.
NatWest Reward Current Account
The £200 bank switch offer also applies to the NatWest Reward Current Account. This product comes with a fee of £2 per month and you can earn up to £5 in Rewards for 2 or more Direct Debitsand £1 with 1 mobile app log in, So that' a net figure of £3 per through this bank account.
Switching to the NatWest Reward Current Account enables you to make a total earning of £236 in a year by:
Must log in to the NatWest banking app within 60 day
Logging in to the NatWest banking app once a month
Setting up at least two direct debit payments of £2 plus
Meeting eligibility criteria set out by NatWest
How to open a new NatWest current account
Both the NatWest Select and Reward Current Accounts have much to offer. It is advisable to think about your own financial circumstances and goals as you compare these two current account products.
The first step to creating your new current account with NatWest is to sign up via their banking app or website. Once you have signed up with your new provider, the Current Account Switch Service will step in to converse with your old bank. The service can set up your new bank account within seven working days thanks to their Current Account Switch Guarantee.
As part of the current account switch process, NatWest will ask you to complete an application form. Fortunately, this is usually a simple process that only requires:
A credit history check
Your nominated switch date (seven days in advance of the bank switch)
Two documents for proof of identity and address (driving licence, passport, payslips or utility bills)
Considerations of the NatWest bank switch offer
Ongoing debit payments linked to your card must be redirected
Can switch to a sole current account from a joint account, but not vice versa
Credit rating may decrease if you open several accounts at once or your application is rejected
A new bank account will protect any ISAs, savings accounts or credit cards, but not your old savings products
