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Switching current account to NatWest
Why we like it: Discounts available when you shop at certain major high street stores and supermarkets, as well as some holidays, cinema, concert tickets and events. All year round family travel insurance, UK breakdown cover, mobile phone and gadget insurance
Why we like it: All year round travel insurance , UK breakdown cover, mobile phone and gadget insurance, and certain discounts available to account holders for some major stores and supermarkets, cinema tickets, holidays, events and concerts.
Why we like it: INNOVATIVE NEW BANKING SERVICE powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 0.50% AER on ALL instant access credit balances and 0.25% AER on current account balances up to £2,000. Fee free
Why we like it: BEST SELLING CASHBACK CURRENT ACCOUNT. Earn 3.00% AER (variable) interest on balances from £3,000 up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.
Why we like it: £100 for switching into account. £250 interest free overdraft. Free banking if paying over £1,000 per month. £100 if not satisfied after 6 months
Why we like it: Top 20% of Reward Customers earn on average £217 - You can earn Rewards on Direct Debits from your current account for: • Council tax • Gas, electricity and water supply • Home and mobile phone, TV package and broadband fees
Disclaimer: To apply for this account you must be aged 18 or over. UK resident. Not been declared bankrupt in last 6 years.
Why we like it: Earn rewards of up to £180 a year when you bank with Barclays - Get an annual loyalty reward of £84 plus £60 on your Barclays residential mortgage and £36 on your Barclays home and contents insurance. Start earning rewards with a monthly £3 fee based on £800 paid into your account and 2 direct debits paid out every month
NatWest current account review
NatWest offer four main types of current accounts to meet the needs of different kinds of customers.
Select bank account – A standard, everyday account that offers mobile and online banking as well as the option for an arranged overdraft.
Reward accounts – NatWest offer four different reward accounts: Reward, Reward Silver, Reward Platinum and Reward Black. Each type of account comes with a monthly account fee that increases depending on which benefits you want to receive. Reward is the cheapest at £2 per month and Reward Black the most expensive at £28 per month.
Youth accounts – NatWest offer child bank accounts as well as student and graduate accounts to match the needs of younger borrowers and those still in full-time education or who have recently graduated.
Foundation bank account – A basic bank account which is only available to those who are not eligible for any of NatWest’s standard bank accounts, often due to previous financial issues.
What to look for when switching current accounts
There are various key things to consider when deciding which current account is right for you and your everyday banking needs. The following are some of the most common things you should think about to help you see which current account best suits you.
Interest rates – The interest rates you pay on your savings and/or overdraft can make a big difference to whether an account offers good value for you or not. Which of the two interest rates is most important to you will generally depend on whether you are more of a saver or a spender and therefore whether you are more likely to be in credit or in your overdraft most of the time.
Switching incentives – Many current account providers now offer attractive joining bonuses, including cash and other introductory offers. This can make a significant different to whether a particular account offers good value or not, with some current accounts offering over £100 in switching bonuses.
Cashback – It is now common for current accounts to offer cashback deals to help make their accounts more appealing. For example, with a TSB Classic Plus account you can earn up to £120 cashback a year just for having active monthly direct debits and using your debit card regularly. Others, such as the Santander 1|2|3 Current Account offer cashback on your household bills, which can soon add up to significant amounts.
Additional benefits – Many current accounts also come with additional benefits, either as standard or as added extras which can be unlocked for an additional fee. These extra benefits typically include free insurance covering a range of things including travel, mobile phones and bikes. Some accounts also offer other freebies, such as free internet security software.
Compare current accounts
Take a look at the range of current accounts presently on offer from all the leading providers across the market right now to see which offers the best deal for you.