£175 when you switch to a NatWest Select or Reward account and open a Digital Regular Saver. 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: Apply Pay and Google Pay TM and contactless Visa Debit Card. Limits apply. Access to Digital Regular Saver – deposit £ 1 - £150 pm. 5.50% / 5.37% AER/Gross p.a. (variable) on first £5k. 1.15% / 1.14% AER/Gross p.a (variable) above £5k. Arranged overdraft available (subject to eligibility and lending criteria). Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200. How does our overdraft compare? A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing £500: Zero days (you’ve not yet used your overdraft) – you’d pay in total £0.00. One day – you’d pay in total £0.46. Five days – you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87. Offer T&Cs: For £125 use the Current Account Switch Service to close your current account held elsewhere and switch to NatWest. Pay in at least £1250 and log into the NatWest app within 60 days. For an additional £50, open a new Digital Regular Saver account within 60 days of switching. If you’ve previously received a switching incentive from NatWest Group you aren’t eligible. Limited availability offers. T&Cs and restrictions apply. Specific account eligibility criteria and conditions apply.
£175 when you switch to a Royal Bank of Scotland Select or Reward account and open a Digital Regular Saver. 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: Apply Pay and Google Pay TM and contactless Visa Debit Card. Limits apply. Access to Digital Regular Saver – deposit £ 1 - £150 pm. 5.50% / 5.37% AER/Gross p.a. (variable) on first £5k. 1.15% / 1.14% AER/Gross p.a (variable) above £5k. Arranged overdraft available (subject to eligibility and lending criteria). Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200. How does our overdraft compare? A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing £500: Zero days (you’ve not yet used your overdraft) – you’d pay in total £0.00. One day – you’d pay in total £0.46. Five days – you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87. Offer T&Cs: For £125 use the Current Account Switch Service to close your current account held elsewhere and switch to Royal Bank of Scotland. Pay in at least £1250 and log into the Royal Bank of Scotland app within 60 days. For an additional £50, open a new Digital Regular Saver account within 60 days of switching. If you’ve previously received a switching incentive from NatWest Group you aren’t eligible. Limited availability offers. T&Cs and restrictions apply. Specific account eligibility criteria and conditions apply.
Details
Minimum Deposit for Offer
Everyday
Minimum Age
18
UK Resident
Yes
Everyday Current Account
FeaturesEarn £180 cash when you switch to an Everyday Current Account*
Open With £1
Account TypeCurrent Account
Everyday Current AccountSantander
Open With £1
Account TypeCurrent Account
FeaturesEarn £180 cash when you switch to an Everyday Current Account*
SPECIAL OFFER - Earn £180 cash when you switch to a Santander Everyday current account. To receive the £180, complete a full switch, set up 2 active household Direct Debits and pay in £1,500 within 60 days. T&Cs apply*. Spend with your Santander Mastercard debit or credit card in the UK or abroad from 1 Jul to 31 Dec and get entries into a monthly prize draw to win a European trip for two. You must enter the promotion to take part. T&Cs apply
Why we like it
No minimum monthly funding or monthly fee to maintain the account. 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. *Switch incentive available when you use Current Account Switch Service. For £180 cash you'll have to complete the full switch, set up 2 active household Direct Debits and pay in £1,500 within 60 days. T&Cs 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
Details
Minimum Deposit for Offer
Interest Paying
Minimum Age
18
UK Resident
Yes
Edge Current Account
FeaturesEarn £180 cash when you switch to an Edge Current Account*
Open With £500
Account TypeCurrent Account
Edge Current AccountSantander
Open With £500
Account TypeCurrent Account
FeaturesEarn £180 cash when you switch to an Edge Current Account*
SPECIAL OFFER - Earn £180 cash when you switch to a Santander Edge current account. To receive the £180, complete a full switch, set up 2 active household Direct Debits and pay in £1,500 within 60 days. T&Cs apply*. Spend with your Santander Mastercard debit or credit card in the UK or abroad from 1 Jul to 31 Dec and get entries into a monthly prize draw to win a European trip for two. You must enter the promotion to take part. T&Cs apply
Why we like it
Earn 1% cashback every month on selected household bills paid by Direct Debit, capped at up to £10 each month and 1% cashback every month on supermarket and travel spend when you use your debit card, capped at £10 each month. Access to Santander Edge Saver with 6.00% AER / 5.84% gross (variable) interest up to £4,000 with 2.00% AER /1.98% gross (variable) bonus rate for the 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. *Switch incentive available when you use Current Account Switch Service. For £180 cash you'll have to complete the full switch, set up 2 active household Direct Debits and pay in £1,500 within 60 days. T&Cs apply
£175 when you switch to a NatWest Select or Reward account and open a Digital Regular Saver. 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). Must not currently hold a Reward account. 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: Apply Pay and Google Pay TM and contactless Visa Debit Card. Limits apply. Access to Digital Regular Saver – deposit £ 1 - £150 pm. 5.50% / 5.37% AER/Gross p.a. (variable) on first £5k. 1.15% / 1.14% AER/Gross p.a (variable) above £5k. Arranged overdraft available (subject to eligibility and lending criteria). Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200. How does our overdraft compare? A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing £500: Zero days (you’ve not yet used your overdraft) – you’d pay in total £0.00. One day – you’d pay in total £0.46. Five days – you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87. Offer T&Cs: For £125 use the Current Account Switch Service to close your current account held elsewhere and switch to NatWest. Pay in at least £1250 and log into the NatWest app within 60 days. For an additional £50, open a new Digital Regular Saver account within 60 days of switching. If you’ve previously received a switching incentive from NatWest Group you aren’t eligible. Limited availability offers. T&Cs and restrictions apply. Specific account eligibility criteria and conditions apply.
£175 when you switch to a Royal Bank of Scotland Select or Reward account and open a Digital Regular Saver. 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). Must not currently hold a Reward account. 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: Apply Pay and Google Pay TM and contactless Visa Debit Card. Limits apply. Access to Digital Regular Saver – deposit £ 1 - £150 pm. 5.50% / 5.37% AER/Gross p.a. (variable) on first £5k. 1.15% / 1.14% AER/Gross p.a (variable) above £5k. Arranged overdraft available (subject to eligibility and lending criteria). Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200. How does our overdraft compare? A good way to compare the costs of borrowing products is by using the APR, which shows the cost of borrowing over a year. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing £500: Zero days (you’ve not yet used your overdraft) – you’d pay in total £0.00. One day – you’d pay in total £0.46. Five days – you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87. Offer T&Cs: For £125 use the Current Account Switch Service to close your current account held elsewhere and switch to Royal Bank of Scotland. Pay in at least £1250 and log into the Royal Bank of Scotland app within 60 days. For an additional £50, open a new Digital Regular Saver account within 60 days of switching. If you’ve previously received a switching incentive from NatWest Group you aren’t eligible. Limited availability offers. T&Cs and restrictions apply. Specific account eligibility criteria and conditions apply.
Details
Minimum Deposit for Offer
Reward
Minimum Age
18
UK Resident
Yes
Edge Up Current Account
FeaturesEarn £180 cash when you switch to an Edge Up Current Account*
Open With £1500
Account TypeCurrent Account
Edge Up Current AccountSantander
Open With £1500
Account TypeCurrent Account
FeaturesEarn £180 cash when you switch to an Edge Up Current Account*
SPECIAL OFFER - Earn £180 cash when you switch to a Santander Edge Up current account. To receive the £180, complete a full switch, set up 2 active household Direct Debits and pay in £1,500 within 60 days. T&Cs apply*. Spend with your Santander Mastercard debit or credit card in the UK or abroad from 1 Jul to 31 Dec and get entries into a monthly prize draw to win a European trip for two. You must enter the promotion to take part. T&Cs apply
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. 1% cashback (up to £15 a month) at supermarkets and on travel costs when you use your debit card (exclusions apply). 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. *Switch incentive available when you use Current Account Switch Service. For £180 cash you'll have to complete the full switch, set up 2 active household Direct Debits and pay in £1,500 within 60 days. T&Cs apply
Details
Minimum Deposit for Offer
Interest Paying
Minimum Age
18
UK Resident
Yes
FlexDirect Current Account
Features5% Interest AER on balances up to £1,500Up to £60 cashback on debit card purchases for 12 months
Open With £1000
Account TypeCurrent Account
FlexDirect Current AccountNationwide
Open With £1000
Account TypeCurrent Account
Features5% Interest AER on balances up to £1,500Up to £60 cashback on debit card purchases for 12 months
£200 current account switch offer for Nationwide members
Why we like it
5.00% AER fixed (4.89% gross pa) in-credit interest on balances up to £1,500 for the first 12 months. Up to £60 cashback on debit card purchases for 12 months- Earn 1% monthly cashback (up to £5 a month) when you spend on your debit card - whether online, over the phone or in store. No monthly account fee. Interest-free arranged overdraft for 12 months. Access to mobile banking secure app. Manage all your Nationwide accounts in one place. View and search your transactions. Freeze and unfreeze your Visa Debit card. Report your card lost or stolen and order a new card. Manage your account online and by app. Access to other Nationwide products by becoming a member of Nationwide. Current account members get access to exclusive savings accounts. Must pay a minimum of £1,000 into the account each month, from an external source (i.e. not another Nationwide account). After the first 12 months, interest rate drops to 1% AER (0.99% gross a year) variable. After 12 months, an interest rate of 39.9% a year compounded (variable) will apply to your arranged overdraft on balances over £50
If you are unhappy with your existing bank account and wondering if you can get a better offer elsewhere, switching incentives can help to draw you to one particular bank or building society over another.
Many providers now offer very generous switching offers to move your current account, with a number of banks and building societies now offering over £100 in upfront bonuses as well as cashback and other incentives.
Although a current account switching incentive may be enough to make you want to move accounts by itself, you also need to bear in mind other factors, such as what interest rate you will earn on your savings and pay on your overdraft.
With that in mind, we have compiled a list of the top switching offers for current accounts available right now, to help you when researching which current account to switch to.
First Direct 1st Account offer a £175 incentive for switching to their 1st Account. You will need to switch your everyday banking to First Direct using the Current Account Switch Service including at least two Direct Debits or Standing Orders, deposit a minimum of £1,000 (in single or multiple deposits) and register and log onto digital banking within 45 days of opening your first direct 1st Account.
Compare switching current account incentives and more
Whether your main goal when switching your current account is to get better ongoing benefits or you are tempted by a particularly generous switching offer, it is essential to do plenty of research of the available options before making a final decision. Take a look at some of the top bank accounts on offer from across the market right now to see which offers the best deal for you.
