Best Current, Current account?

blueste

My 1 year with Narionwide is almost up so it's time to switch.

Based on current deals and taking into account the following, which bank would earn me the most for switching to?

-I can pay in any monthly amount required.
-I can meet the minimum direct debits criteria.
-I can put a lump sump or any monthly amount required to max out savings interest.
-I can meet the criteria for monthly debit card transactions.


Done a bit of number crunching myself and it seems TSB with an annual reward of £294 would be the highest, is my maths correct?

eskbanker

Difficult to say without knowing more about your finances (e.g. how much you're earning/saving/transferring), but there are obviously one-off switching incentives available and if you put your mind to it you could secure multiple incentives for many hundreds of pounds.

In terms of ongoing benefits, other current accounts pay interest and/or rewards but these are quite dependent on your specific mix of sums and transactions.

Perhaps if you share your workings people could comment further?

colsten

blueste wrote: »

Done a bit of number crunching myself and it seems TSB with an annual reward of £294 would be the highest, is my maths correct?

it's not really an annual reward as you can only achieve it in year 1. Probably the best you can achieve from a single bank though http://www.moneysavingexpert.com/banking/compare-best-bank-accounts