£125 Switching offer, plus £5 monthly reward
Halifax has increased the cash incentive for those who switch to one of its current accounts from £100 to £125 today.
Customers who switch to the Reward Current Account can also receive £5 per month, subject to terms and conditions. This equates to a total cash reward of £185 for the first 12 months.
However, there is a current account with a larger cash incentive for customers looking to switch.
Get the equivalent of 7% AER (£210) in the first year with Clydesdale and Yorkshire Banks
Clydesdale Bank and Yorkshire Bank has a cash incentive of £150, if you switch to one of its current accounts. This is one of the biggest upfront cash incentives available on the market at the moment for those looking to switch to a new current account.
What’s more, if you open its
Current Account Direct, you will also receive 2% AER on balances up to £3,000. When you add in the cash incentive, this is a total of £210, which is the equivalent of getting 7% AER for the first year!
If you don’t want to switch your account, you can still get up to 5% AER with alternative High Interest Current Accounts, a selection of the top rates on the market at the moment are detailed below.
Get 5% AER with TSB and Nationwide
TSB Bank and Nationwide offer 5% AER on in-credit balances of up to £2,000 and £2,500 respectively.
If you have a partner, there is nothing to prevent you opening additional accounts in joint and sole names. For more information on how to maximize your savings using High Interest Current Accounts, call 0800 321 3581, to speak to one of our expert advisers.
Get 3% AER with Santander on up to £60,000 - Earn up to £1,800 gross*
Santander’s 123 Current Account, offers up to 3% AER on balances up to £20,000. Although the account has a £5 monthly fee, this is offset by the interest earned. Make sure you're also taking full advantage of the cashback facility to further mitigate the monthly fee.
*What’s more, savers can open up to three accounts, making a total of £60,000; one in your sole name, one in joint names and one in your partner's name with £20,000 in each. This can be a great way to limit the hassle of multiple accounts with several providers, while still getting a great return.
The account remains one of the very best High Interest Current Accounts on the market for savers, due to the larger amounts that can be saved.
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