The best reward current accounts available right now
Bank accounts don’t have to be just a place to keep your money. Reward accounts let you get extra perks for banking, with very little effort. These can get you freebies, cashback, and better savings rates or interest on your balance. Plus, you can sometimes pair them with switching bonuses to get even more.
But they aren’t without some drawbacks. A lot of them have fees or requirements, such as a certain amount paid in each month or a number of direct debits set up, but generally speaking, it can be really easy to get the perks. Here are some of the best ones available right now.
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The best reward current accounts
We’ve selected our top picks first, covering both full current accounts and others that are just debit cards, followed by the other key players.
You’ll be able to find extra details, such as fees and requirements, in the additional information sections.
Cashback: You can earn 0.5% cashback up to a maximum of £15 per month, or 1.5% cashback up to a maximum of £15 per month until 30 November if you opt to auto-invest your cashback
Interest: Trading 212 pays 3.8% interest on uninvested cash
Welcome offer: Once the account is open, you then need to add at least £1 to your account within 10 calendar days. It will take about three days for the share to be added. This offer is only for Trading 212 Invest or the Trading 212 Stocks & Shares ISA.
Exclusions
Earn a maximum of £15 per month in cashback
You can't get the welcome offer if you're already a customer
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Other reward current accounts (A-Z)
Barclays Bank Blue Rewards
Freebie
Free Apple TV+ and MLS Season Pass
Cashback
Available from selected retailers
More details ▼
Additional Info
Freebies: You can get a free Apple TV+ subscription as well as a Major League Soccor subscription
Free annual reward: Choose from Disney+ subscription, cinema tickets, magazine subscription or Gourmet Society membership
Cashback: You get access to Cashback Rewards, a scheme that gets you cashback at selected retailers when you use your Barclays card.
Exclusive savings: 4.36% AER on savings up to £5,000 and 1% over this
Requirements
Must be over 18 and a UK resident
Must pay £800 per month into the account
Must have access to Online Banking or the Barclays app
Exclusions
You can’t have both Barclays Blue Rewards and Barclays Avios Rewards.
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Nationwide Building Society FlexDirect current account
Interest
5% AER for 12 months
Cashback
1% cashback on spending (up to £5 per month)
More details ▼
Additional Info
Fee: Free
Cashback: Earn 1% on your debit card spending, up to a maximum of £5 per month in cashback.
Account interest: 5% paid on your account balance up to £1,500 for 12 months. 1% after this.
Overdraft: £50 interest-free overdaft
Requirements
Must be over 18 and a UK resident
Must register for online banking during your application.
You need to pay in at least £1,000 each month to get the rewards
Exclusions
Can't hold more than four sole or joint Nationwide current accounts
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NatWest Reward Current Account
Monthly reward
£3 (after fee)
Cashback
Available from selected retailers
More details ▼
Additional Info
Fee: £2 per month
Cashback: You can get cashback at some partner retailers, paid as rewards
Requirements
Must be over 18 and a UK resident
Earn £4 a month for two or more Direct Debits of at least £2
Earn £1 a month for logging into the mobile app
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Royal Bank of Scotland Reward Current Account
Monthly reward
£3 (after fee)
Cashback
Available from selected retailers
More details ▼
Additional Info
Fee: £2 per month
Cashback: You can get cashback at some partner retailers, paid as rewards
Requirements
Must be over 18 and a UK resident
Earn £4 a month for two or more Direct Debits of at least £2
Earn £1 a month for logging into the mobile app
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Santander Edge Up
Cashback
1% cashback on bills
More details ▼
Additional Info
Fee: £5 per month
Cashback: Can earn 1% cashback on bills, up to a maximum of £15 per month
Interest: 2.5% on balances up to £25,000
Requirements
Must be over 18 and a UK resident
Pay at least £1,500 into the account each month
Must have two active direct debits
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TSB Spend & Save
Cashback
£5 per month for 6 months
Exclusive savings
5% regular saver
More details ▼
Additional Info
Fee: Free
Cashback: Get £5 cashback per month for six months
Regular saver: Earn 5% on regular savings between £25 and £250 per month for 12 months
Requirements
Must be over 18 and a UK resident
Make 20 or more debit card payments in a calendar month
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TSB Spend & Save Plus
Cashback
£5 per month
Exclusive savings
5% regular saver
More details ▼
Additional Info
Fee: £3 per month
Cashback: Get £5 cashback per month
Regular saver: Earn 5% on regular savings between £25 and £250 per month for 12 months
Overdraft: £100 interest-free overdraft
Requirements
Must be over 18 and a UK resident
Make 20 or more debit card payments in a calendar month
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Other cashback accounts (A-Z)
Currensea Hilton Honours Debit Card
Cashback
Up to 3 points per £1 spent
Welcome bonus
2,500 bonus points
More details ▼
Additional Info
Fee: £60 per year
Cashback: Earn up to 3 Hilton Honors Points for every £1 spent on eligible purchases. 1 point per £1 spend in GBP, 2 points per £1 in a foreign currency and 3 points per £1 spent in a foreign currency at Hilton properties.
Welcome bonus: Earn 2,500 Bonus Points when you spend £1,000 in foreign currency within 6 months of getting your card
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Currensea Hilton Honours Plus Debit Card
Cashback
Up to 4.5 points per £1 spent
Welcome bonus
10,000 bonus points
More details ▼
Additional Info
Fee: £150 per year
Cashback: Earn up to 4.5 Hilton Honors Points for every £1 spent on eligible purchases. 1.5 points per £1 spend in GBP, 3 points per £1 in a foreign currency and 4.5 points per £1 spent in a foreign currency at Hilton properties.
Welcome bonus: Earn 10,000 Bonus Points when you spend £2,500 in foreign currency within 6 months of getting your card
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Yonder Free debit card
Cashback
1 point per £1 spent
Welcome offer
£10 off your first purchase
Welcome points
1,000 points
More details ▼
Additional Info
Fee: Free
Cashback: Earn 1 point per £1 spent up to a maximum of £4,000 spending per month. Points can be spent on meals out and experiences.
Welcome offer: Get £10 off your first eligible purchase with the card, and 1,000 points when you spend £1,000 in your first 30 days. Eligible transactions include groceries, restaurants, coffee shops, pubs, entertainment, flights or hotels.
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Yonder Full debit card
Cashback
4 points per £1 spent
Welcome offer
£10 off your first purchase
Welcome points
10,000 points
More details ▼
Additional Info
Fee: £15 per month (after free first month)
Cashback: Earn 4 points per £1 spent up to a maximum of £4,000 spending per month. Points can be spent on flights, meals out and experiences.
Welcome offer: Get £10 off your first eligible purchase with the card, and 10,000 points when you spend £1,000 in your first 30 days. Eligible transactions include groceries, restaurants, coffee shops, pubs, entertainment, flights or hotels.
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Types of Reward current and debit card accounts
Cashback accounts
There are a handful of accounts that will pay you cashback – effectively money back on your everyday spending. Some will do this on direct debits (Santander Edge, Edge Up and Biscuit by Zopa), while others will pay this on debit card spending (Chase, Trading 212, Nationwide FlexDirect).
Some debit card only accounts offer the chance to earn points on your spend (Hilton Honours, Yonder).
Freebie accounts
You can get free tickets, subscriptions and more from some reward accounts. Club Lloyds offers cinema tickets, Disney+, Gourmet Society or a magazine subscription. Monzo Perks provides Uber One membership, a railcard, monthly cinema tickets and weekly Greggs, though you’ll pay £7 a month.
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Plus an exclusive £20 welcome bonus for new Quidco members (Terms apply)
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Cash rewards
Others will pay you a monthly cash bonus, though a fee will reduce the profit. The NatWest Reward and RBS Reward accounts, and TSB’s Spend and Save and Spend and Save Plus accounts will each earn you £5 a month.
High interest on savings
You can access exclusive savings rates as a reward with a number of accounts. Most are via regular savers (First Direct, Biscuit by Zopa, Club Lloyds) but you can also get a linked saver (Santander Edge, Chase) or interest on the account balance (Nationwide FlexDirect, Trading 212 and Biscuit by Zopa).
Bank switch offers
Many of the reward accounts will also offer bank switch offers. Though not always restricted to reward accounts, it’s often worth stacking your perks with both the switch offer and reward. We’ve listed all the latest bank switch deals in our separate guide.
