There are so many current accounts on the market, all with different rewards and benefits that you can take advantage of.
A current account is a type of bank account that keeps your money secure and helps you manage your finances. They give you an easy way to make payments to others (for example, standing orders and direct debits) and let people pay you (for example, your employer).
The easiest way to open a current account is to fill out a form online, but some banks will allow you to open one over the phone or in-person if you go to a physical branch. You will also need to agree to the bank credit-checking you when you apply, regardless of whether or not you request an overdraft.
READ MORE: Mum 'annoyed' by friend's £12K gift to her son
Nationwide FlexDirect account - if you switch a non-Nationwide account to a new or existing FlexDirect account, including 2+ direct debits, within 60 days of requesting the switch, you'll receive a free £200. Plus, get 5% fixed interest on up to £1,500 and a 0% overdraft (credit-score dependent) if you've not had the account before.
First Direct's 1st Account* - when you open an account and use mobile or online banking within three months, you'll get a free £20 paid into your account within the first four months. You can also get a free £175 if you open a 1st Account and within three months switch another account into it, and pay in at least £1,000. This account also has an interest-free overdraft on up to £250.
NatWest Reward* - Switchers to a new or existing NatWest Reward* account get £175 and £3/month cashback (it's £5/month but with a £2 monthly fee) every month they use the mobile app and pay out two £2+ direct debits. It also comes with a linked 5.12% regular savings account where you can save up to £150/month (max £1,000). You can only claim this if you switch before Thursday (3 November) and pay in £1,250+ and use mobile banking by 16 December. £175 is then paid by 12 January.
Santander 123 Lite* - You get back 3% on water; 2% on energy; and 1% on Santander mortgages, council tax, mobile, phone, broadband and paid-for TV – provided you pay by direct debit. The account has a £2 per month fee, and you need to pay in £500+/month, have two+ direct debits, use digital banking at least once every three months.
Chase current account* - This account has no minimum pay-in, and offers 1% cashback on most purchases for a year, no fees to spend/withdraw cash abroad, plus 1.5% interest on up to £250,000 via its linked easy-access savings account.
Cynergy Bank Online Easy Access Account - this savings account offers 1.85% interest on your savings, has a minimum deposit of just £1, and unlimited withdrawals.
Tandem Instant Access Saver - This offers 1.65% interest on your savings, and has no minimum deposit. There is no limit on withdrawals, and you can apply and access via app.
READ NEXT:
-
Woman stabbed as man arrested on suspicion of attempted murder
-
Rio Jones' shooting victim named as he's also convicted over gun crimes
-
Lying carer, restaurant manager and murderer among 10 crooks jailed this week
-
BBC Antiques Roadshow guest told his £5 car boot find is worth £1,000
-
'Beautiful' woman shot dead named locally as tributes pour in
