What is the best Rewards Current Account that I can shift my direct debits to?

TempUsername03052020

Hi,

As Halifax new reward account no longer requires 2 x Direct Debits to earn the monthly reward I am wondering where I should now shift my direct debits to? I am not interested in Current Account which provide interest as I can in most cases virtually equal this by leaving my money in a savings account such as Marcus (1.2%)

Who would be the best Bank Account to shift these to?

digalumps

if you are not interested in interest what are you wanting from a bank account? The answer might help your decision.

badger09

What are the DDs for?

TempUsername03052020

digalumps said:

if you are not interested in interest what are you wanting from a bank account? The answer might help your decision.

Did you not read the rest of the sentence?

It is better to get the reward and then also gain the interest from a savings account (which pays more in most cases than a current account)

TempUsername03052020

badger09 said:

What are the DDs for?

Some current account require direct debits to be eligible for a cashback reward. For example the soon to be change Halifax reward account required 2 DD.

As this is no longer required I am looking for alternative accounts to put my DD in which can bring a reward benefit

colsten

Did you see this MSE article: https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/?

Zanderman

I understand what you're getting at, even if some of the early replies don't seem to (not sure why they don't though)!
Colsten's link includes a list of some reward accounts - search for Rewards on the page to find the relevant bit.
I think the info there may be dated though - some schemes are changing soon. 
But worth researching Coop Everyday Rewards and Barclays Blue as I think both need active DDs for the reward.- but be sure the scheme is carrying on.

TempUsername03052020

colsten said:

Did you see this MSE article

Yes i did thanks but it doesn't seem up to date

TempUsername03052020

Zanderman said:

I understand what you're getting at, even if some of the early replies don't seem to (not sure why they don't though)!
Colsten's link includes a list of some reward accounts - search for Rewards on the page to find the relevant bit.
I think the info there may be dated though - some schemes are changing soon. 
But worth researching Coop Everyday Rewards and Barclays Blue as I think both need active DDs for the reward.- but be sure the scheme is carrying on.

I was looking at Danske Bank which provides £7 cashback with a £2 monthly account fee. That looks pretty good and it doesn't need DD and also may only be NI only.

I had a look at Barclays Rewards which seems to have reduced the reward bonus as you get £7 for 2 DD but then has a £4 account fee which is £3 a month.

I'm not sure if there is anything out there that is better?

badger09

bumbaclart1 said:

badger09 said:

What are the DDs for?

Some current account require direct debits to be eligible for a cashback reward. For example the soon to be change Halifax reward account required 2 DD.

As this is no longer required I am looking for alternative accounts to put my DD in which can bring a reward benefit

OK, I was trying to establish whether your DDs could be used to generate cashback on Santander 123 Lite & others.
If they're simply DDs to other accounts, have a look at Co-operative Everyday Rewards.

ischris85

I was looking at Danske Bank which provides £7 cashback with a £2 monthly account fee. That looks pretty good and it doesn't need DD and also may only be NI only.

Yes, this below link states new customers must be living in NI.
https://danskebank.co.uk/personal/products/current-accounts/cash-reward