June 2025’s savings round-up & news

The latest news to help you get the most from your savings account.

Here’s my monthly update sharing changes at leading UK savings accounts, as well as some of the articles you might have missed on the site.

Some articles on the site contain affiliate links, which provide a small commission to help fund our work. However, they won’t affect the price you pay or our editorial independence. Read more here.

June’s savings news

Cash ISA review is coming

You’ve probably seen the return of headlines speculating on ISA reforms, only a few months after they first appeared. So what’s changed?

Well, it’s been reported that an official Treasury review of ISAs will begin in July. In theory, anything could be on the table, though Chancellor Rachel Reeves told the BBC that she’ll be keeping the overall £20,000 ISA allowance.

That’s good news, though in reality most savers and investors have nowhere near enough new money to deposit each financial year. And it doesn’t rule out changes to the Cash ISA limit, with that £4,000 cap still rumoured.

The reason? To get more people investing rather than saving, which the government think will help boost the economy. Reeves said in her BBC interview that “A lot of money is put into cash or bonds when it could be invested in equities, in stock markets, and earn a better return for people”.

We’ll also hopefully see some changes to the Lifetime ISA, and perhaps simplification of the whole ISA process (though a lower or separate Cash ISA allowance wouldn’t necessarily help there).

We’ll update you when the review is announced, and of course anything that comes from it, which I’d imagine would be part of the Budget in the autumn.

Nationwide offer customers 5% fixed bond

If you had a current account, savings account or mortgage with Nationwide on 28 May 2025 you’ll be able to access this high paying 18 month fixed bond. It’ll pay a fixed rate of 5%. It’s part of the annual Fairer Share give back to customers.

Featured switching deal
Our top pick
Customer rating 3.8/5
  • Switch bonus
    £180
  • Offer ends
    Unknown
  • Extra bonus
    £25 Amazon Gift Card
  • FSCS Protected? Yes
  • Switch bonus requirements Switch using the Current Account Switch Service and close your old account within 60 days of starting the switch
  • Deposit requirements Deposit £1,500 in the first 60 days from opening the account
  • Direct debits transferred over Set up two Direct Debits before or after the switch from a selected list of household bills
  • Existing customers? Can't have held any Santander current account on 1 January 2025
  • Restrictions Can't have received a switching bonus from Santander already, offer limited to once per person
  • Eligible accounts Open a new or hold an existing Everyday, Edge, Edge Up or Edge Explorer current account
  • £25 Amazon Gift Card requirements To qualify for the gift card, you need to complete a full switch using CASS, and make five debit card transactions within 30 days of opening the account.

NatWest regular saver rate cut

The Digital Regular Saver from Natwest and RBS will now pay 5.5%, down from 6.17%. This change took place on 30 May 2025.

It’s still a decent account to consider as unlike most other regular and monthly savers, this account doesn’t automatically close after 12 months. Instead you can keep earning the interest rate on balances of up to £5,000 – meaning in the longer term it can earn you more than other options. Here’s our full review of the Digital Regular Saver.

Chase offers six month boost

If you have a Chase current account, then take a look to see if you’ve also been offered a 1.8% bonus for six months on a new savings account.

The total rate on this account was first advertised as 4.8%, but it’s now 4.55%, since it follows the Bank of England base rate, which was cut by 0.25% in May.

You’ll also be able to beat 4.55% in the best paying accounts elsewhere, though if you like to keep things in one app for convenience it’s worth a look.

LHV offers 3.25% in new current account

3.25% is easily beatable – but not if you want to keep some of your money in your current account itself. In that case the new current account from LHV is one of the better options available. However, it’s a new account so relatively limited – for example, setting up direct debits is “coming soon”. One to keep an eye on rather than sign up for straight away.

June’s savings offers

We’ll share any other deals in our savings deals page if any more come along.

Raisin: £100 welcome offer

Until midday on 16 June 2025, Raisin is offering a £100 welcome bonus if you open a savings account via our link and fund it with at least £10,000 by 30 June. You’ll need the code WELCOME100 for this.

This applies to easy access accounts and notice accounts, as long as you keep the money in the account for at least 6 months, and fixed rate accounts with a term of 6 months or over. 

For £10,000 in a 12-month fix, this is effectively 1% added to the account rate. The best option on Raisin right now is a 4.37% account, so you’ll get £437 plus £100, which is £537, or 5.37%

Better is a six-month fix where that £100 works out as a 2% increase (though of course you won’t have the money saved there for a full year). The top one here is 4.4% from ISBank, so you’ll effectively get 6.4% on your cash, which would be £320.

The more money deposited and longer you save will reduce this effective rate.

Knowing this will help you compare Raisin accounts to other rates.

Within 14 days of meeting the eligibility criteria (so 6 and a half months from now), you’ll get the bonus. 

To get the offer:

  1. Click on the below link, which will add the promo code WELCOME100
  2. Sign up for a new Raisin UK Account by 16 June 2025
  3. Apply for and open a savings account
  4. Put at least £10,000 into your new savings account by midday on 30 June 2025.

If you need to access the money within 6 months, you won’t get the bonus.

Top savings accounts for June 2025

Remember, these are the accounts at the top of the tables. We’ve more options in our best savings accounts page, which is updated every day by the team.

Current account linked saver picks as of 2/6/25

  • Santander Edge Saver (6% AER variable, includes 2% bonus for 12 months): max £4,000
  • Nationwide FlexDirect (5% AER variable for 12 months only): max £1,500

Easy access ISA picks as of 2/6/25

  • Trading 212 (4.81% AER variable including a bonus of 0.71% for a year)
  • Tembo Money (4.80% AER variable) – highest if ineligible for new customer bonuses elsewhere

Easy & limited access picks as of 2/6/25

  • Cahoot Rainy Day Saver (5% AER variable): max £3,000
  • Atom (4.75% AER variable)
    • drops to 2.5% in months you make a withdrawal
  • Snoop (4.6% AER variable)
  • Chip Instant Access (4.56% AER variable): min £0 / £1m
    • Includes 1.32% bonus for 12 months

Notice accounts picks as of 2/6/25

  • 3 months notice Oak North via Prosper (4.74% AER variable): 95-days notice

Fixed savings accounts picks as of 2/6/25

  • 18 months Nationwide (5% AER fixed)
    • Must have been existing Nationwide member on 28 May 2025 to open
  • 18 months Oxbury Bank (4.45% AER fixed)
  • 2 year Hampshire Trust Bank (4.44% AER fixed)
  • 3 year Birmingham Bank (4.45% AER fixed)
  • 4 year JN Bank (4.4% AER fixed)
  • 5 year Birmingham Bank (4.45% AER fixed)

Fixed ISA accounts picks as of 2/6/25

  • 12 months Virgin Money (4.27% AER fixed)
  • 2 years Cynergy (4.17% AER fixed)
  • 3 years UBL (4.17% AER fixed)
  • 4 years UBL (4% AER fixed)
  • 5 years UBL (4.17% AER fixed)

Lifetime ISA pick as of 2/6/25

  • Plum Cash Lifetime ISA (4.75% AER variable)

Regular Saver accounts picks as of 2/6/25

We’ve got a dedicated Regular Saver best buy article, so you can see further details and more rates there.

  • Principality Building Society 6-month regular saver (7.5% AER fixed): min £0 / max £200 a month
  • First Direct Regular Saver (7% AER fixed): min £25 / max £300 a month
    • requires a First Direct current account
  • Co-operative Bank Regular Saver (7% variable): min £1 / max £250 a month
    • Requires a Co-op Bank current account
  • Nationwide Flex Regular Saver (6.5% AER variable): min £1 / max £200 per month
    • max 3 withdrawals per year, after which your rate drops to 2.15%.
    • Requires Nationwide current account

Halifax Ultimate Reward Account review

This packaged account costs £19 per month

Halifax Ultimate Reward is a packaged bank account. It gets a bundle of insurances that could save you money on getting them individually. Here’s what you get with the Halifax Ultimate Reward account. 

** Update – the Reward Extra perks ended for new customers in June 2025, and for all in September. Here’s what we know so far**

Some articles on the site contain affiliate links, which provide a small commission to help fund our work. However, they won’t affect the price you pay or our editorial independence. Read more here.

Note that this is just an overview of the insurances offered with this account — there may be exclusions, excesses and limitations that we’ve not covered below. You should have a look through the documents about the policies to make sure it suits you. 

Halifax Ultimate Reward vs Reward Account

The Ultimate Reward account is an upgrade to the Reward account, so you get all the same benefits with this one as you do with the Reward account — although we’re currently waiting to hear how these will be revamped. At the moment, it includes the option to choose between three monthly rewards: either £5 in your account, a cinema ticket or three digital magazines.

There are a few hoops you have to jump through to get the rewards, which we explain in full in our review of the Halifax Reward account and you can get updates on the changes to the Reward account in our guide. 

What do you get with the Halifax Ultimate Reward Account?

The Halifax Ultimate Reward Account costs £19 a month.It comes with worldwide family travel insurance, family breakdown cover, mobile phone insurance for the account holder and home emergency cover. 

We’ve included an estimated value of each benefit. This is based on getting individual insurance with similar cover. Where the cover offered by this account is family cover, we’ve searched comparison sites for a family of four. This is just to provide you a guide, and we haven’t checked that every aspect of the insurance is the same. 

Travel insurance

  • Provided by: AWP Assistance 
  • Estimated value: £130
  • This is based on quotes we found for a family of four getting a worldwide multi-trip annual insurance policy

You get included multi-trip travel insurance for you and your family. The insurance covers you for cancellation, medical costs and personal belongings. You get some winter sports included, as well as golf holidays and UK getaways. 

Yours and your partner’s children are covered when they’re travelling with you or another responsible adult. They need to be under 18, or 24 and under if they’re still in full-time education. 

Are pre-existing conditions covered?

If you’ve got pre-existing medical conditions then they won’t be covered unless you contact the provider AWP. You might be charged an additional premium to cover them. You get a 14-day cooling-off period when you get this account, so you’ll be able to find out if it’s suitable for you during this period.

AA Breakdown cover

  • Provided by: the AA
  • Estimated value: £210
  • This is based on breakdown cover for a family of four

You also get UK breakdown cover for yourself and your family. You’re covered whether you’re the driver or the passenger, which is decent cover. 

To be covered as well, your family needs to live at the same house as the account holder, or a student away at university. 

Mobile phone insurance

  • Provided by: Assurant
  • Estimated value: £120
  • This is based on quotes for insurance for the latest Apple iPhone for a similar level of cover

The account holder (or holders, if you have a joint account) gets mobile phone insurance included with the account. This gets you repair or replacement if your phone breaks, or is accidentally damaged, lost or stolen.  

Home emergency cover

  • Provided by: Inter Partner Assistance S.A
  • Estimated value: £130
  • This is based on quotes for similar home emergency cover

Here’s where Halifax Ultimate Reward is different to others, as this is the only packaged account that offers this as a benefit. It covers things like your central heating breaking or a burst pipe. You can claim up to £250 each time to get the problem dealt with.

Waived card fees abroad

Halifax usually charges 2.99% when you use your card abroad. With the Ultimate Reward account, you won’t be charged for making payments abroad or withdrawing money abroad.

While this is great, it’s not a reason to choose this account. There are plenty of other free debit and credit cards that you can use abroad without paying fees, including Chase, which lets you earn cashback on your spending. 

Just be sure to pay in the local currency when spending or withdrawing abroad to avoid being charged additional fees. 

How Halifax Ultimate Reward differs from other packaged bank accounts

✅ Worldwide family travel insurance
✅ Includes home emergency cover
✅ Breakdown cover is for the whole family
❌ Mobile phone insurance is for the account holder only
❌ Breakdown cover is UK only

Customer reviews of Halifax Ultimate Reward

Customers of Halifax Ultimate Reward have given the account 3.98/5 over at our sister site, Smart Money People. Customers feel that the monthly cost is worth it and that the cover they get is excellent.  

A lot of the negative comments were in relation to the home emergency cover, with customers struggling to make claims. 

Is Halifax Ultimate Reward worth it?

Zoe’s analysis

This is the only packaged account we’ve reviewed that has home emergency cover included, but it’s a particularly expensive account, especially considering that you don’t get mobile phone insurance for the whole family. 

The travel insurance included is excellent, with the entire family included; however, you’re better off with a cheaper account, like the Virgin Money Club M account at £12.50 per month. You don’t get home emergency cover, but this might fall under your home insurance policy, so you may have the insurance you need already.

Halifax Ultimate Reward

Account nameHalifax Ultimate Reward 
Cost19 per month
Annual cost228
Minimum termNo minimum term
BenefitsWorldwide family travel insurance
Mobile phone insurance
UK family breakdown cover
Emergency cover
Use your card for free abroad
DrawbacksMobile phone insurance is for the account holder only
Breakdown cover is UK only
Joint account available?Yes, at no extra cost

Amazon Prime review: is it worth the money?

Wondering whether you should shell out for Amazon Prime? Here are the pros and cons.

Amazon Prime is a popular choice of subscription, but it comes at quite a cost. Here’s what you get if you sign up and our thoughts on whether it’s worth getting and when it should be avoided.

Some articles on the site contain affiliate links, which provide a small commission to help fund our work. However, they won’t affect the price you pay or our editorial independence. Read more here.

Amazon Prime homepage image

What is Amazon Prime?

Amazon Prime is a paid-for membership to the online giant that gives you a series of benefits that normal customers don’t have access to or have to pay more for. There’s a long list of these extras further down.

How much does Amazon Prime cost?

The free trial

Everyone can try Amazon Prime free for 30-days. It’s best to time your trial for when you think you’ll most need free delivery or when there’s a big promo event such as Prime Day, which tends to be in June or July each year; or Black Friday, which is on the fourth Friday of November each year.

Since every adult in the household can take out a free trial, if there’s more than one of you it’s possible to double up – or more. Once again, you can time these trials for times you’ll need to make more purchases, like ahead of an event or to prep for things like Christmas gifts.

You can repeat your trial a year after a trial has finished, so there’s the potential to do this every 13 months. And sometimes there’s even an offer earlier.

The annual membership: £95 a year

Amazon Prime costs a hefty £95 a year. This is a lot so you’ve got to use at least two or three of the perks for it to represent good value.

There used to be a couple of times a year where you could get the membership for around £59. These were usually in the run-up to Amazon Prime Day and Black Friday, though they’ve not happened in recent years. We always list these on our Amazon deals and discounts page, so bookmark it and check back!

The monthly subscription: £8.99 a month

If you don’t want to pay for the full year then you can opt for an £8.99 monthly subscription instead, which you can cancel whenever you want. It will work out cheaper than the annual plan if you pay for nine months or less, or practically the same for 10 months.

There’s a cheaper £5.99 option but this is just for the Prime Video streaming service and not the other features. This can be difficult to find so we have a guide to find Prime Video.

The student / young person discount: £47.49 a year

There’s a cheaper option for students or young people aged 18-22 who aren’t at Uni. They’ll get six months free, then three years at £47.49 a year. A monthly option costs £4.49.

To get this you need to have a student card or age ID (. Sadly, the loophole where anyone could get a student card is closed, though you might be able to get an alumni card.

Or if you’re 18-22 year olds will also get access even if they’re not at Uni.

Again, each household member can have the trial, so you can easily double up if you qualify.

What you get with Amazon Prime

Here are the key extras you’ll get as part of your subscription.

Free next-day, possibly same-day, delivery

There’s no minimum spend for delivery from Amazon when you’re with Prime, except if you want same-day delivery, where there’s a £20 minimum or a £1.99 fee. If you order from Amazon a lot, the free delivery can be pretty handy.

Normally you’d have to pay extra to get things sent through if the order is under £35, or £10 for books. The minimum amount quietly changed from £25 in June 2024, up 40%. This is standard delivery, so it takes a few days.

Generally non-Prime delivery will cost £3.99 for media (books, CDs, DVDs and games) or £4.99 for everything else. You can sometimes knock these down to £2.99 if you get your order sent to an Amazon “pickup location” such as a locker or newsagent.

So if you’re mainly thinking of Prime for delivery, you’ll need to make 20 orders under £35 in a year to break even with the pickup deliveries, or 16 at the higher £4.99 charge.

However, since not everything on Amazon is sold by Amazon, there will still be items that aren’t eligible for Prime delivery.

Two Odeon tickets for £10

Once per month, Prime members can get two Odeon cinema tickets for £10 or two recliner tickets for £15 at Luxe cinemas on Mondays to Thursdays. This can be stacked with discounted gift cards, so for example a 20% off gift card would mean the two tickets cost £8.

There are better Odeon deals and offers available, especially when you consider that tickets at some Odeon venues are typically £5 with myODEON anyway and can be booked with Meerkat Movies, making the tickets half the price.

Exclusive access to flash sales such as Prime Day

In the middle of July, Amazon marks its birthday with Amazon Prime Day. This usually features some big discounts on Amazon products like Kindles, Echos and Fire TV, as well as all sorts of other items. These deals are only open to Prime members.

The Black Friday sale which tends to run for about 12 days, if not longer, is another big sale with extra offers for Prime members.

We find that most of these deals are stock clearance or encourage you to buy things you don’t need. However, there are bargains to be found, especially if you utilise some of the extra vouchers to buy things you actually need.

Early access to ‘Lightning Deals’

As a Prime member, you can buy the daily deals 30 minutes earlier than everyone else. Since stock is usually limited, this could be the difference between getting the item and missing out. Here’s more about how Lightning Deals work.

TV and movies with Prime Video

There are some good exclusive TV shows such as The Boys and The Marvellous Mrs Maisel, and plenty of other box sets.

There are also some decent recent and classic movies. Amazon is making more original movies and has purchased the legendary studio MGM, so we’ll see even more films appearing just on Prime.

You can stream from your computer, smart TV or devices such as a Chromecast or Fire TV stick, or download to your phone.

Don’t forget though that Prime Video costs £5.99 a month on its own (without the other Prime benefits), which might be a better option for you.

You can’t get ad-free streaming, though. Amazon introduced an extra £2.99 monthly charge for ad-free Prime Video in January 2024.

Pay less for your streaming

Find out which streaming service is the best value for money

pay less for streaming services

Live Champions League Football

Amazon is also increasing the sports you can watch exclusively via Prime Video. Next season you can watch Tuesday night Champions League football with it, though it no longer offers selected Premier League matches.

You can read more about the cheapest ways to watch football in our summary.

Ad-free streaming with Amazon Music Prime

This included streaming service is better than it used to be. It’s ad-free and has grown to 100 million songs (similar to Spotify) so there’s plenty to keep you occupied if you don’t want to shell out extra for premium music streaming.

The problem is you can only shuffle your tunes. That’s ok if you’re mainly listening to playlists (which you can create), but it can be annoying if you want to hear an album from start to finish.

You can also listen to podcasts ad-free – including our one, Cash Chats.

There is an extra Music Unlimited service which you pay £10.99 for, and there’s a £1 discount for Prime members, however, there’s a trick to pay upfront for a year to get Music Unlimited even cheaper.

Digital books and magazines with Prime Reading

Every month Prime members get access to a few thousand ebooks and magazines to read via a Kindle, Kindle app, or even your computer. There are a few big titles, such as the Harry Potter series, but otherwise don’t expect to pick up all the novels on your reading list.

The magazine offering isn’t bad, but the titles change every month. It’s better instead to see if you can get digital magazines from your library.

There’s also “First Reads” where you can pick up a free Kindle book each month from a selection of six or so titles. But don’t expect any future award-winners. You can see previous ‘First Reads’ titles here.

Games via Prime Gaming

You’ll get a Twitch channel subscription each month, along with some free PC games to play.

Unlimited photo storage with Prime Photos

Amazon’s cloud-based storage will keep the photos you take safe if your computer or phone is lost or stolen. You also get 5GB of storage for other file types with Amazon Drive – the same you get with Apple iCloud, but less than the 15GB with Google Drive.

Free Deliveroo Plus

You can sign up for a year of Deliveroo Plus Silver, which will save you money on delivery costs, worth £3.49 a month. However, there’s still a minimum spend of £15 per order. Here’s more about Deliveroo Plus.

Access to Amazon Fresh grocery delivery services

Prime members also get to order food from their local Morrisons, Iceland or Co-op and from Amazon Fresh. It’s free delivery for baskets over £60 but charges you £2 for orders between £40 and £60 and £4 if the total is under £40 or if you want the delivery within two hours.

Free Hello Fresh delivery

Prime members get free delivery on their Hello Fresh orders for a year. Delivery usually costs £4.99 for each box.

What you don’t get included with Amazon Prime

You’d be forgiven for expecting Prime to give you all the extra services Amazon offers. But no, you need to pay extra for the following:

  • Amazon Music Unlimited – an extra £10.99 a month
  • Kindle Unlimited – an extra £9.49 a month
  • Ad-free Prime Video – there’s an extra charge of £2.99 per month for this
  • Audible audiobooks – an extra £8.99 a month
  • Amazon Channels – costs vary for extra TV channels such as Paramount+ and Discovery+

What’s good about Amazon Prime

People obviously love the next-day delivery, and it’s certainly a service that other retailers find hard to compete with. And there’s much more you can get on top.

If you use most of the features that come with Amazon, you’re getting a lot for your money – effectively £7.92 a month if you pay for the year. Here’s a quick comparison of how this stacks up against some key competitors:

Prime MembershipCost with PrimeAlternativesCost of Alternative
Free next-day delivery£95Paying for delivery charges elsewhere (three orders a month at £2 an order)£72
Prime VideoIncludedNetflix (standard) at £10.99 a month£131.88
Amazon Music UnlimitedExtra £99Spotify Premium (annual subscription discount)£120
Total £194Total £333.88

We’ve assumed three online orders a month with a charge of £2. Often you’ll get free delivery from other retailers, but charges will also vary. And, you might order more or less, and delivery charges might be different too, but this gives you an idea.

With TV and film streaming, Prime Video is cheaper than Netflix, even when subscribed for full Prime rather than on its own.

And even with the extra charge for Music Unlimited, it’s cheaper than buying the same service with Spotify if you are also using the other parts of Prime.

Prime members can also get access to extra vouchers and discounts, which are great if you are going to spend the money with Amazon anyway.

What’s bad about Amazon Prime

There’s a reason that Amazon packs so much into the membership. It doesn’t want you to spend money elsewhere. If you’ve already paid for delivery with Prime, you’re not going to want to make orders with other retailers and pay for delivery, or get it later than you could with Amazon. This stops you from shopping around. And you could easily end up spending more money as a result.

In part, that’s because Amazon isn’t always cheaper. Across my year without Amazon in 2021 I actually saved money on his purchases – even when you factor in the delivery costs.

Plus, you’re much more likely to buy more because you have Prime. Not just because you’re more likely to be on Amazon more often and open to more temptation, but also because those extra discounts encourage you to make unnecessary purchases — such as on Prime Day and during Black Friday.

You also lose the friction that added delivery costs can add to your purchase, which might usually make you think twice before buying something you don’t need.

Let’s also look again at the table above. Yes, it’s potentially a huge difference in spending, but that’s assuming you don’t also pay for the other services elsewhere.

If you do want Disney+ or Netflix, then also having Prime for film and TV won’t be saving you cash – it’s an extra cost. It’s only cheaper if you ditch the others.

And if you need to shop elsewhere (not everything is on Amazon) you’ll pay for delivery on top.

Is Amazon Prime worth it?

So, does Amazon Prime offer good value for money? Well, it can, as long as you use at least a couple of the services. Most people will get enough use from the free delivery and exclusive discounts on Prime Day and Prime Video to justify the £95 fee.

However, if you end up buying more and not shopping around because you have Prime, you’re likely to spend more money having Prime rather than not having it.

Don’t forget you can still shop at Amazon without Prime. Yes, you might pay between £2.99 and £4.99 for items under £25 (it’s under £10 for books). But you’d need to order something under that threshold roughly every fortnight to cover your £95 fee. Do you order low-cost items that often from Amazon?

And of course, you need to consider where else you shop. It ultimately comes down to whether you are dedicated to Amazon or happy to shop and stream elsewhere.

If you don’t want to stop completely, then maybe you could cancel your annual membership and go monthly. And then pick and choose the months you need to use it. So perhaps it’s just around Prime Day, Black Friday and when you want to binge on some new box sets. Just see how you go!

My year without Amazon

Why I cancelled Amazon Prime membership

I actively chose to go without Amazon in 2021, so I obviously cancelled my Prime membership – even though I was paying just £39 a year.

This was largely a step to proactively support other retailers (ideally on the high street). But I also wanted to make sure my money didn’t help Amazon continue to grow its profits while it manages to (legally) avoid paying a fair rate of tax here in the UK and elsewhere.

Of course, you might think that going without isn’t possible, but I’d urge you to give it a try. I found it so much easier than I thought I would, and I’ve been surprised by how much less I bought and how much less things cost at the same time.

You can read more about my year without Amazon and how much money I saved.

How to cancel Amazon Prime

Watch this video to see how you cancel – and why you might want to think about using Amazon less.

Other ways to save at Amazon

Make sure you check out our Amazon deals and offers. This is where we’ll list flash sales, gift card bonuses and other extras. For example, you can often get a free top-up when you buy a gift card. All this and more via the link below.

Nationwide FlexPlus review: what do you get with it?

The Nationwide packaged account includes added insurance for a monthly fee

Nationwide FlexPlus is a packaged bank account, so it’s a paid alternative to the Nationwide Flex Account, costing £18 per month. I won’t go into any detail on the nitty gritty of the bank account. I’ve instead focused on the additional aspects of the account you’re paying for, including the travel insurance, mobile phone cover and breakdown cover.

Some articles on the site contain affiliate links, which provide a small commission to help fund our work. However, they won’t affect the price you pay or our editorial independence. Read more here.

nationwide card on a yellow background

What do you get with Nationwide FlexPlus?

Here are some details of the benefits of the Nationwide FlexPlus account. In some cases, we’ve added an “estimated value”. For these, we’ve looked broadly at how much similar cover would cost for a family of four using a comparison site, but the actual figures will depend on the makeup of your family and what cover you want. 

Worldwide family travel insurance

  • Provided by: Aviva
  • Estimated value: £130
    • This is based on quotes we found for a family of four getting a worldwide multi-trip annual insurance policy

The worldwide travel insurance offered with the Nationwide Flex account is pretty decent — it’s got cover for winter sports and you’re covered for travel disruptions. So if your trip is cancelled, you miss your departure, you’re delayed or you need to make alternative arrangements then you’re covered. 

You can also upgrade the insurance if you need it. This might include cover for pre-existing conditions, longer trip cover (you’re covered up to 31 days abroad), extended cruise cover or choosing to go home early.

The cover is for your entire family whether you’re travelling alone or together, including children up to 23 years old as long as they live at your address (being away at university is fine) and aren’t married. To compare, the Virgin Money Club M account only covers up to four dependants and they must be under the age of 18, so this one can get you family cover when they’re a little older.

Cover for pre-existing conditions

If you have pre-existing conditions then Aviva might cover them at no additional charge. You may have to pay a fee to include some conditions. 

Family mobile phone insurance 

  • Provided by: Assurant
  • Estimated value: £140
    • This is based on quotes we found for four of the latest mobile phones, assuming they were bought in the last year for broadly the same cover as below.

You also get insurance for your phone, your partner’s phone, and any dependent children’s phones. You’ll be covered for loss, theft, damage and any faults. 

The cover is worldwide, it also covers accessories that were lost or damaged at the same time as your phone, and it includes high-value phones so you can get up to £2,000 back per claim. 

Your children’s phones are covered if they are under 19 (or 22 in full-time education) and aren’t married.

UK and European breakdown cover 

  • Provided by: the AA
  • Estimated value: £110
    • This is based on quotes we found for personal breakdown cover for one person for a year with the AA.

You also get UK and European breakdown cover. This covers any vehicle you’re travelling in and any that you own, even when someone else is driving it. This means it could cover your partner if you owned the car.

Your partner wouldn’t be covered as a passenger or when driving someone else’s car, including hire cars. You can get around this one by getting Nationwide FlexPlus as a joint account. It doesn’t cost anything extra. 

None of the other insurances would be impacted by this decision, as they all cover the whole family, however, you’d both benefit from the waived fees when using your card abroad, detailed below. 

Waived fees when using your card abroad

You won’t be charged when using your debit card abroad, which could save you up to 2.99% on the transaction amount. 

This is more of a bonus to the account and shouldn’t be a decision-maker, as there are plenty of debit and credit cards available to use abroad without extra fees.

FlexPlusFlexAccount or FlexDirect 
Purchases made in a foreign currencyNo fee2.99% of the transaction amount
Cash withdrawals in a foreign currency outside the UKNo fee2.99% of the transaction amount
Cash withdrawals in a foreign currency within the UKNo feeNo Fee at LINK ATMs or over-the-counter2.99% of the transaction amount at non-LINK ATMs

How Nationwide FlexPlus differs from other packaged accounts

✅ You get European breakdown cover and UK cover. Most other packaged accounts only offer UK breakdown cover — others with this benefit include Co-operative Bank Everyday Extra and Lloyds Silver
✅ Phone insurance is for the entire family. Again, a lot of the other packaged bank accounts don’t have family cover as standard — the Virgin Club M account includes phones and other gadgets, including laptops for the entire family, making it a contender in this area
❌ Breakdown cover only covers the account holder

Nationwide FlexPlus customer reviews

Customers of Nationwide FlexPlus have given Nationwide FlexPlus 4.01/5 over at our sister site, Smart Money People. Customers love the insurance benefits and feel like it’s great value for money. One customer even referred to it as “magic”.

Some customers feel that the mobile phone insurance isn’t good enough, with some claiming their phones weren’t repaired or came back more damaged than when they were sent off.

Is Nationwide FlexPlus worth it?

Zoe’s analysis

This account rose from £13 per month to £18 per month on 1 December 2024. Before this, this was the account I would have likely moved to once Monzo Premium is pulled. However, it’s now one of the most expensive packaged accounts, so I’d be more likely to lean towards the Virgin Money Club M account instead.

You can get travel insurance for your whole family worldwide, cover all of your family’s phones and get breakdown cover in the UK and Europe. 

The estimated value of the three main benefits combined is £380 per year, for a family while this account costs £216 per year. If you think you’d pay for all three features, the FlexPlus account could save you as much as £164 in a year.

If you just use two of the benefits, you’d save around £50 per year.

If you’re not looking to cover more people than yourself, then it might not work out any cheaper, especially if you don’t need all three benefits.

The main drawback to the account is that breakdown cover only technically covers the account holder, but as we mentioned above, you can work around this. 

Nationwide FlexPlus

Account nameNationwide FlexPlus
Cost£18 per month
Annual cost£216
Minimum termNo minimum term
BenefitsWorldwide family travel insurance
Family mobile phone insurance
UK and European breakdown cover
Use your card for free abroad
DrawbacksBreakdown cover only covers the account holder
Joint account available?Yes, at no extra cost

Lloyds Silver review

Should you upgrade to get travel cover?

Lloyds has two packaged bank accounts, Silver and Platinum. Each one gets you a bundle of insurance policies for a set price. But will it save you any money?

Some articles on the site contain affiliate links, which provide a small commission to help fund our work. However, they won’t affect the price you pay or our editorial independence. Read more here.

Club Lloyds Silver vs Lloyds Silver

You can convert this account into a Club Lloyds account for £5 extra per month (or free, if you deposit £2,000 per month) and get a free lifestyle benefit, such as a year of Disney+ or free cinema tickets. We have a full review of Club Lloyds for more about how it works.

Other than that the insurance features are exactly the same.

What’s included with the Lloyds Silver packaged bank account?

This packaged account from Lloyds costs £11.50 per month, and you’ll get travel, breakdown and phone insurance.

For each benefit, we’ve included an estimated value. We’ve looked on comparison sites to show you how much the benefit might cost you if you got similar cover for a family of four, or individually if this is the cover the benefit gets you.

European and UK family travel insurance 

  • Provided by: AWP Assistance UK
  • Estimated value: £80
    • This is based on similar European and UK travel insurance for a family of four

You and your family get multi-trip European and UK travel insurance. This includes cover for winter sports and golf. Trips within the UK are covered if you spend two or more nights away from home. It covers cancellation, curtailment, personal accidents and travel disruption. 

There’s also a 24/7 GP telephone or video consultation service.

The cover includes you, your partner, spouse or civil partner as well as yours or their children, as long as they’re travelling with you, them or another responsible adult. The children need to be under 18, or 24 and still in full-time education. 

If you’d prefer to have worldwide travel insurance, Lloyds has a Platinum account which offers this, but better options include Nationwide FlexPlus and Virgin Money Club M.

Pre-existing conditions

If you’ve got any pre-existing conditions then you may be able to get cover for them. You need to declare them to AWP Assistance, and there may be an additional cost to have them covered. 

UK breakdown cover

  • Provided by: the AA
  • Estimated value: £210
    • This is based on breakdown cover for a family of four

You and your family are covered by breakdown cover in the UK as a driver or passenger. This is a great benefit, especially if you’ve got children with their own cars as they’ll all be covered under it as long as they live with you (or a student away at university). 

Other packaged accounts will typically just cover you and possibly your partner. 

The cover is provided by the AA.

Mobile phone insurance

  • Provided by: Assurant
  • Estimated value: £120
    • This is based on quotes for insurance for the latest Apple iPhone for a similar level of cover

Along with the other insurance, you can get mobile phone insurance for yourself. It covers breakdown, faults, accidental damage, loss and theft and you can claim up to £2,000. 

Other packaged bank accounts, such as Virgin Club M and Nationwide FlexPlus offer this benefit for the whole family. 

No fees when spending abroad

With a standard Lloyds Bank account you’ll be charged 2.99% to use your card abroad. With both Lloyds Silver and Platinum you aren’t charged this fee when you make payments in a foreign currency or withdraw money in any currency at home or abroad.

You do want to ensure that you make your payment in the local currency, though, as you may be charged currency transfer fees from a local bank, and likely won’t get the best currency exchange rate. 

This benefit isn’t a reason to choose this account, though. There are plenty of free debit cards to use abroad.

How Lloyds Silver is different to other options

✅ Breakdown cover is for you and your family
❌ Travel insurance is only for the UK and Europe
❌ Breakdown cover is UK only
❌ Gadget cover is for one person only

Is Lloyds Silver worth it?

Zoe’s analysis

Lloyds Silver isn’t much of a contender if you plan to travel further afield than Europe as the travel insurance is only for UK and European trips. Meanwhile, the gadget cover is only for one person, and the breakdown cover is only for the UK. 

If you have young children who don’t have gadgets you’d like covered and you’re likely to only go on European or UK holidays, then you could benefit from this account. But with Virgin Money Club M account only costing £1 more per month, you’ll probably still be better off with that one.

Lloyds Silver

Account nameLloyds Silver
Cost£11.50 per month
Annual cost£138
Minimum termNo minimum term
BenefitsUK and European family travel insurance
Mobile phone insurance
UK family breakdown cover
Use your card for free abroad
DrawbacksMobile phone cover only covers the account holder
Joint account available?Yes, at no extra cost