Best reward accounts

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.

Best Reward Current Accounts

Our top pick

Lloyds Bank Club Lloyds

Customer rating 3.7/5

• Best for

  Best for freebies
• Freebie

  Free Disney+ or 6 cinema tickets
• Exclusive savings

  6.25% Regular Saver
• Switch incentive

  £200 switch offer

• FSCS Protected? Yes
• Fees £5 per month but can be waived if you pay in £2,000 each month
• Annual rewards Choose from Disney+ subscription, cinema tickets, magazine subscription or Gourmet Society membership
• Savings rate 6.25% regular saver
• Interest paid For the first £3,999 held in your actual current account, you’ll receive 1.5% interest. Then you’ll get 3% on the next £1,000.
• Requirements Must log into the mobile app every month
• Direct debits required Must have two direct debits
• Eligibility Must be over 18 and a UK resident
• Restrictions You can't have two Club Lloyds accounts
• Overdraft requirements None

Monzo Perks

Customer rating 4.9/5

• Best for

  Best perks
• Annual perks

  Free Uber One and Railcard
• Monthly perks

  Free cinema ticket
• Weekly perks

  Free Greggs

• Fees £7 per month
• Annual rewards Annual Uber One membership (excluding the free Disney+), Free railcard
• Other rewards Free Greggs every week and a cinema ticket every month
• Savings rate 3.5% easy access savings
• Eligibility Must be over 18 and a UK resident
• Important details If you cancel within 12 months, you may have to pay to keep your Railcard

Santander Edge Current Account

Customer rating 3.7/5

• Best for

  Cashback on bills
• Cashback

  1% cashback on bills (up to £10 per month)
• Exclusive savings

  6% saver

• Fees £3 per month
• Cashback Can earn 1% cashback on bills, up to a maximum of £10 per month
• Savings account 6% AER (variable) interest on up to £4,000 — includes 2.00% AER (variable) bonus rate for the first 12 months from opening
• Eligibility Must be over 18 and a UK resident
• Deposit requirements Pay at least £500 into the account each month
• Direct debits Must have two active direct debits
• Switch bonus £200 switch bonus
• Switch bonus requirements Switch using the Current Account Switch Service and close your old account within 60 days of starting the switch, deposit £1,500 in the first 60 days from opening the account, Set up two Direct Debits before or after the switch from a selected list of household bills
• Restrictions Can't have held any Santander current account on 1 January 2025, can't have received a switching bonus from Santander already, offer limited to once per person

View Deal

first direct 1st Account

Customer rating 4.7/5

• Best for

  Savings
• Exclusive savings

  7% regular saver
• Switch incentive

  £175 switch offer

• Fees None
• Exclusive savings 7% AER fixed regular saver
• Overdraft £250 interest-free overdraft
• Eligibility Must be over 18 and a UK resident
• Important details You need to transfer two Direct Debits or standing orders, deposit £1,000, make 5+ debit card payments and log on to digital banking to get the switch bonus
• Overdraft requirements None

Zopa Biscuit

Customer rating 4.9/5

• Best for

  All rounder rewards
• Exclusive savings

  7.1% regular saver
• Cashback

  2% (max £30 per year)
• Interest

  2% on balance

• Fees None
• Interest paid 2%
• FSCS Protected? Yes

Trading 212 Cashback Card

Customer rating 4.9/5

Editor's comment

“

This one's not a current account, but we think it deserved to be in the mix as it has great rewards.

• Best for

  Cashback on spending
• Cashback

  up to 1.5%
• Interest

  4.05% APY interest on uninvested cash
• Welcome offer

  Free fractional share up to £100

• Fees None
• FSCS Protected? Yes, except money held in QMMFs (when you earn on uninvested cash)
• 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 on uninvested cash Trading 212 pays 3.8% interest on uninvested cash (not FSCS protected)
• 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.
• Restrictions Earn a maximum of £15 per month in cashback

Other Reward Current Accounts

Barclays Blue Rewards

Customer rating 4.3/5

• Freebie

  Free Apple TV+ and MLS Season Pass
• Cashback

  Available from selected retailers

• FSCS Protected? Yes
• Annual rewards Choose from Disney+ subscription, cinema tickets, a magazine subscription or a Gourmet Society membership
• Subscriptions You can get a free Apple TV+ subscription as well as a Major League Soccer subscription
• Cashback You get access to Cashback Rewards, a scheme that gets you cashback at selected retailers when you use your Barclays card.
• Fees £5 a month
• Eligibility Must be over 18 and a UK resident
• Deposit requirements Must pay £800 per month into the account
• Requirements Must have access to Online Banking or the Barclays app
• Exclusive savings 4.36% AER on savings up to £5,000 and 1% over this

Nationwide FlexDirect current account

Customer rating 4.3/5

• Interest

  5% AER for 12 months
• Cashback

  1% cashback on spending (up to £5 per month)

• Fees 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 overdraft
• Eligibility Must be over 18 and a UK resident
• Requirements Must register for online banking during your application.
• Deposit requirements You need to pay in at least £1,000 each month to get the rewards
• Restrictions Can't hold more than four sole or joint Nationwide current accounts
• Overdraft requirements None

NatWest Reward Current Account

Customer rating 4.8/5

• Monthly reward

  £3 (after fee)
• Cashback

  Available from selected retailers

• FSCS Protected? Yes
• Fees £2 per month
• Cashback You can get cashback at some partner retailers, paid as rewards
• Eligibility Must be over 18 and a UK resident
• Important details Earn £4 a month for two or more Direct Debits of at least £2 and earn £1 a month for logging into the mobile app

RBS Reward Current Account

Customer rating 3.9/5

• Monthly reward

  £3 (after fee)
• Cashback

  Available from selected retailers

• FSCS Protected? Yes
• Fees £2 per month
• Cashback You can get cashback at some partner retailers, paid as rewards
• Eligibility Must be over 18 and a UK resident
• Important details Earn £4 a month for two or more Direct Debits of at least £2 and earn £1 a month for logging into the mobile app

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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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.