Which bank has the best Premier account?

Premier Bank accounts can have some incredible features, but loads of people that qualify don’t have one

Those lucky enough to earn more than £75,000 a year might qualify for a Premier Bank account. These accounts aren’t talked about much, but about one in ten people qualify for them, so there are potentially millions of people who can get one. They come with perks, from exclusive savings rates to financial planning and advice, travel insurance and health benefits. In fact, HSBC is even offering a staggering £750 to switch to theirs at the moment.

Here’s everything you need to know about Premier Bank accounts, who has the best ones and the eligibility requirements.

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What are Premier Bank accounts?

Premier Bank accounts are bank accounts for people that earn high incomes. These are mostly offered by well known, large high street banks and are often the highest level of account offered. They’ll typically have an income requirement, or potentially a requirement to have a certain amount saved or invested with the bank. 

They sometimes also charge a monthly fee, but you’ll get some exclusive perks. All the banks offer slightly different benefits and have different eligibility requirements, so you’ll need to find one that’s suitable for you. 

Benefits and perks you’ll see with Premier Bank accounts

Health and wellbeing

Both Lloyds and HSBC Premier accounts have access to GP for your family. 

Lloyds Premier includes a Bupa Family GP and Wellbeing Subscription. This offers remote GP, physiotherapy appointments, mental health support and fitness classes for your whole family (this includes your partner and all children up to the age of 24).

HSBC Premier includes digital GP access, a second medical opinion, specialist advice, remote physiotherapy, mental health support and a health check kit to test over 20 key markers. This is for the whole family, including you, your partner and any dependents under 23. It’s also got Cancer Bereavement Cover, which pays out £2,000 if you pass away from a cancer related cause. 

The other top Premier accounts don’t offer health and wellbeing benefits.

Savings

All Premier accounts on the market have exclusive savings accounts for customers, although none of them are competitive against top savings accounts on the market.

For example, Lloyds Premier pays 0.2% more on its one year savings account and one year ISA.

Meanwhile, NatWest Premier offers a one year fixed rate account paying 3.6% AER fixed and 3.5% AER fixed for a two year fix. 

Both NatWest Premier and Lloyds Premier customers also get 1.5% AER on balances between £1 and £3,999.99 and 3% AER on any part of the balance between £4,000 and £5,000.

Barclays offers access to exclusive savings accounts, but these can also be accessed by Barclays Blue Rewards customers.

HSBC Premier and Santander Select exclusive savings aren’t competitive at all. 

Mortgages

You can sometimes get better interest rates or flexibility on your mortgage with a Premier account. 

Lloyds gives a 0.2% discount on its mortgage rates for Premier customers. This is worth looking at when finding a mortgage rate as it could get you a slightly better rate, but you should still compare mortgage rates to find the best one for you.

Meanwhile, Barclays offers additional flexibility to pay off your mortgage with its Premier Account, offering a higher annual overpayment allowance of 25% for new fixed-rate Premier mortgages.

NatWest customers don’t get a better rate, but do get access to Premier mortgage advisers.

HSBC Premier customers get preferential mortgage rates, and some higher-net-worth customers can get additional international support.

There aren’t any mortgage benefits for Santander Select customers.

0% overdraft

With NatWest Premier, you can get an arranged interest-free £500 overdraft.

No other Premier accounts offer this benefit, although First Direct offers a £250 buffer on its standard accounts.

We have a whole guide on the best accounts for overdrafts, if this is something you think you need from a bank account.

Cashback

Lloyds Premier customers earn 1% cashback on eligible purchases with their debit cards, earning a maximum of £10 a month. This is decent, but there are other accounts where you can earn more cashback on your spending. 

No other Premier accounts offer cashback as a benefit.

Travel insurance

HSBC Premier gets you Worldwide Travel Insurance for your whole family. 

Financial planning and advice

HSBC Premier has wealth specialists that you can get support from as well as a Future Planning tool.

Santander Select customers can get investment guidance and access to wealth planning tools.

Barclays Premier customers get access to Barclays Wealth services.

Lloyds Premier customers get access to advisers, and NatWest Premier customers get financial planning help. 

Enhanced support

Premier customers at all of the main high street banks get priority support, usually 24-hour with additional international help. 

How much do Premier accounts cost?

Premier accounts typically come without an additional cost, as long as you meet the eligibility requirements. Lloyds Premier will charge you on months that you don’t meet the eligibility criteria. 

Who’s eligible for a Premier Bank account?

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The best UK Premier Bank Accounts

Best Premier Bank accounts

Our top pick

HSBC Premier Account

Customer rating 3.5/5

• Healthcare benefit

  Private GP for your family
• Travel insurance

  Worldwide travel insurance for the family
• Mortgage rates

  Preferential rates
• Offer

  £750 switch offer*

*Switch using CASS and have a salary of £100k+ for £250 and/or switch £100k of savings/investments and maintain your balance for 3 months for £500

• Eligibility Meet one of the following criteria: Have an individual annual income of at least £100,000, and pay it into your HSBC Premier Bank Account, have savings or investments of at least £100,000 with HSBC in the UK, or already qualify for HSBC Premier in another country.
• Healthcare benefits Includes digital GP access, a second medical opinion, specialist advice, remote physiotherapy, mental health support and a health check kit to test over 20 key markers. This is for the whole family, including you, your partner and any dependents under 23. It’s also got Cancer Bereavement Cover, which pays out £2,000 if you pass away from a cancer related cause.
• Mortgage benefit Preferential mortgage rates, and some higher-net-worth customers can get additional international support.
• Travel insurance HSBC Premier gets you Worldwide Travel Insurance for your whole family.
• Offer details Open a Premier account by 23 February 2026 and switch using the Current Account Switch Service by 30 April 2026 with a salary of £100k+ for £250; and/or transfer £100k+ of savings/investments, and maintain your balance for 3 months for £500

Lloyds Bank Premier Bank Account

Customer rating 3.7/5

• Healthcare benefit

  Private GP for family
• Cashback

  1% cashback on spending (up to £10)
• Financial planning

  Access to financial coaching
• Freebie

  Disney+ or 6 cinema tickets

• Eligibility Either pay in £5,000 each month or have £100,000 of qualifying savings or investments with Lloyds
• Healthcare benefit Includes a Bupa Family GP and Wellbeing Subscription. This offers remote GP, physiotherapy appointments, mental health support and fitness classes for your whole family (this includes your partner and all children up to the age of 24).
• Mortgage benefit Lloyds gives a 0.2% discount on its mortgage rates for Premier customers. This is worth looking at when finding a mortgage rate as it could get you a slightly better rate, but you should still compare mortgage rates to find the best one for you.
• Cashback Lloyds Premier customers earn 1% cashback on eligible purchases with their debit cards, earning a maximum of £10 per month. This is decent, but there are other accounts where you can earn more cashback on your spending.
• Financial coaching You can book a 1-2-1 appointment with expert coaches who can help with planning and answer your money questions.

Pros and cons of Premier bank accounts

Pros

• Usually boost savings rates for high earners
• Can have some great perks, including healthcare and insurance
• Financial planning available to help you manage your money

Cons

• Be careful to still shop around for savings and mortgages, not just use the benefits available with your account
• Not a huge number available – you could be better off with free reward current accounts without eligibility requirements to get more rewards and cashback

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Summary: should you get a Premier bank account?

Zoe’s analysis

Premier accounts can be a great extra perk to those lucky enough to earn higher salaries — for the most part, they’re free, and you can get some really good benefits for the whole family.

Be careful not to fall into the trap of thinking that everything offered to you by your Premier bank account is competitive — none of the savings accounts on offer beat any of the top savings accounts, and while a discount on your mortgage rate could work out the best, it’s unlikely, and you’re much better off comparing rates. 

Take some time to work out which one has benefits that you value the most — in our opinion, the Lloyds and HSBC accounts are the best on offer at the moment.