With a large number of rate cuts happening throughout October and accounts continuing to drop out of the best buy tables, savers are still feeling the effects of the change in the Bank of England base rate back in August.

However, current accounts continue to offer returns that are far above what is available elsewhere and there are two main ways that you can take advantage.
 
The first is through High Interest Current Accounts, with rates of up to 5% AER on offer, available from both Nationwide Building Society and TSB Bank. Whilst there are a number of hoops to jump through, you would not have to switch your main current account to get these high returns.
 
For those willing to switch their current account, there are also Cash Incentives available and whilst these accounts generally do not offer an interest rate, the initial incentive can be a real boost to your overall returns for the year.
 
One of the largest incentives is from M&S Bank, which is offering up to £220 in M&S gift cards, £100 when you switch your current account and then an additional £10 per month for 12 months, subject to terms and conditions.
 
Another large incentive is available from HSBC, which is offering £150 to switch to a new Advance or Premier Account and then a further £50 if you stay for 12 months, subject to terms and conditions.

As always, if you need any help with your savings or want to discuss further options, please call us on 0800 321 3581, we’d love to hear from you.