The latest news to help you get the most from your bank account.
Here’s my monthly update sharing changes for leading UK current accounts, as well as some of the relevant articles you might have missed on the blog.
June’s bank account update video
For a more detailed update, watch this video from our YouTube channel.
June’s current account offers
Latest bank switching deals
There are now five deals from major banks, though you can’t go for these if you’ve had the cash before. Click each link for more info on each one.
The newest offer is from Santander, with £180 up for grabs. Plus if you go for the Edge account there’s 1% back on bills and a 6% savings account. You will have to pay a £3 monthly fee though.
TSB’s bank switch offer is more lucrative at up to £340, though it’s also more complicated with a lot to do and a long time required to keep the account.
Existing Nationwide customers can switch for £200 on both a personal and joint account, so there’s potentially £600 up for grabs for a couple. They’re also offering that £100 Fairer Share payment for those who qualify, and access to a 5% fixed savings account for 18 months.
If you live in Northern Ireland then you’ll also be able to get up to £175 from Danske Bank.
Elsewhere, First Direct’s switching offer is still going for £175. Don’t forget you can access a 7% regular saver with this bank.
Latest Premier bank switch deals
Another new offer is for the HSBC Premier switch deal. This one will get you a £500 Selfridges voucher, so it’s a big reward. However, you need to meet high salary or saving requirements to open the account.
Meanwhile you can still get the Barclays Premier Rewards switch offer, which will earn you 25,000 Avios.
Trading 212 offers up to 1.5% cashback
The cashback rate on Trading 212’s debit card has been increased to 1% until mid July, and you can boost it further to 1.5% if you choose to auto-invest your cashback. This is until 5 July. Remember with investing, your balance can go up or down.
Hopefully one or both offers will be extended. If you don’t have an Trading 212 account yet, there’s a welcome offer of a free share worth between £8 and £100 via our link.
Barclays Blue free cinema screenings
In May there was another Apple TV screening in selected Everyman cinemas for Barclays Blue Rewards customers. It’s a decent package of two tickets to the film, a cocktail and popcorn each and a pizza to share.
That’s the theory at least. This is only the third screening since September, so it’s not exactly a regular perk.
Then your chances of getting a ticket are slim. Only a handful of Everyman cinemas were showing the movie, and the screens weren’t huge, so at most just a few hundred people would have been able to benefit.
Plus the movie (Fountain of Youth) was awful – I left half way though.
So I still think Blue Rewards isn’t worth paying for. But if you do want to keep it, then do act fast if you see similar offers.
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June’s current account news
Halifax Rewards to end £5 or cinema ticket perk
From September you’ll no longer receive a reward in it’s current form from the Halifax Reward account. This means an end to £5, a cinema ticket or a digital magazine subscription. There will be a replacement, though this is set to be revealed in July.
It’s worth noting that if your current reward is due to finish after 17 June, you won’t be able to renew it. New customers will also not be able to trigger the rewards if they apply after this date.
Halifax say most customers didn’t qualify each month. We’ve more information on the changes to the Halifax Rewards here.
Santander axe Edge debit card cashback
Another big reward change, and this time Santander will be ending the 1% cashback on groceries and travel spending with the Edge and Edge Up debit cards. This will finish on 9 September 2025.
Again, you can read more about this, and your alternatives, in our article on the changes to cashback on Santander Edge debit cards.
Santander to end 123 Lite accounts
And Santander are at it again. This one affects existing 123 Lite current account customers, who will have their accounts moved to an Everyday account on 21 August 2025.
The account won’t be closed. Instead it’ll be transferred over, so you’ll keep your account number and cards, but you’ll stop earning up to 3% cashback on bills. You’ll also stop paying the fee
Right now the full 123 isn’t affected. I’ve written about what the end to the 123 Lite means for customers, and alternatives.
Club Lloyds fee increases
I’ve told you about this before, but it’s worth a reminder. Since the start of this month, the fee for the Club Lloyds account has increased to £5 from £3.
However, no one should be paying this as it will be cancelled out when you deposit £2,000 a month into the account. This doesn’t need to be in one go, or stay in the account, so you can move a smaller amount in and out multiple times if you aren’t able to do the full amount.
Co-op Extra fee increases
Co-op Bank are also increasing a fee – this on their packaged Everyday Extra account which offers insurance. From 1 July it’ll cost £18 a month rather than £15 a month. You can see our full guide to the best packaged bank accounts for alternatives.
Yonder launches new debit card
Reward credit card provider Yonder has introduced two new debit cards, one free and one paid. You’ll earn one point per £1 spent on the free card, and 5 per £1 on the £15 card – though that also comes with travel insurance and a 10,000 point bonus.
The points can be redeemed for ‘experiences’, which tend to be money towards restaurant bills. I’m not convinced this is a better option than alternatives, especially since you can get 1% cashback to use as you want from Amex Nectar credit card and the Trading 212 debit card. But we’ll aim to delve deeper in coming months.
Starling and Monzo add new features
An interesting extra for Starling users. They’ve launched an AI feature to analyse your spending. Apparently more AI features will be coming.
Meanwhile over on Monzo you can now ‘undo’ payments. You can choose to set the timer for 15, 30 or 60 seconds (or not enable it at all), and then you’ll be able to cancel the payment – it’ll be as if you never pressed send.
Lloyds launch Premier account
If you can pay in £5,000 a month, or save £100,000 with Lloyds then you will be eligible for the new Lloyds Premier current account. It’s £15 a month but that’s waived if you meet this criteria.
It’s basically the Club Lloyds account with a few extras. The perks include:
- 1% cashback, up to £10 per month
- Bupa Family GP and Wellbeing (including GP appointments, six physio sessions and 14 counselling sessions)
- A lifestyle benefit, including free Disney+ with Ads or six Odeon or Vue cinema tickets
Since you can get the cashback from other cards and the lifestyle freebie via Club Lloyds, the only perk really is the Bupa subscription – though do note it’s not full health insurance and there are exclusions.
More bank closures
Natwest have announced 55 further branch closures this year. Find out which ones are shutting. Barclays meanwhile has said it won’t close any more branches in 2025 and 2026 – though it’s already shut 20 this year.
Vote for the best current account
In June we’re running a current account World Cup tournament, looking to see who you think offers the best account. The first few rounds have already been completed, but there’s still time for you to get involved with the last group stage still to be decided, and then semi finals and finals happening in the next few weeks.
Winners of each round will be revealed in our Cash Chats podcast each Tuesday.
The dates below are when each voting period starts. You can vote in our Facebook community or in the Posts tab of our YouTube channel.
Tues 3 June – Round 1, group A
- Club Lloyds
- Nationwide FlexDirect (Winner – through to semi finals)
- Santander Edge
Fri 6 June – Round 1, group B
- Kroo
- Natwest Reward
- Starling (Winner – through to semi finals)
Tues 10 June Round 1, group C
- Monzo
- Halifax Reward
- Triodos
Fri 13 June Round 1, group D
- Chase
- Revolut
- First Direct
Tues 17 June Semi final 1
- Nationwide Flex Direct A vs Starling
Tues 24 June Semi final 2
- Winner C vs winner D
Tues 1 July Final
Our top current accounts for June 2025
I always think it’s worth having more than one current account (find out why here) and here’s my run-down of the top accounts to have this month.