5. Get £125+ to switch bank- now is a good time.
This is a staple MoneySaving tip in any month, but there are a couple of good deals at present. And as we always say, switching is easy.
-Switch to Nationwide to bag £100, or £125 if you’re an existing savings, mortgage or current account customer (plus we’ve a trick to make anyone eligible for the £125). If accepted for Nationwide’s FlexDirect account*, you can get the cash plus a 1yr 0% overdraft and 2% AER fixed savings interest on up to £1,500 in year 1.
If you’re a newbie or you’ve a savings or mortgage with it, use the link above to apply. If you already have a FlexAccount, FlexDirect or FlexPlus account you can switch in a current account from a rival via online banking. See our Nationwide FlexDirect review for full info and eligibility criteria, and how to make yourself eligible for the £125 if you don’t qualify.
-Switch to Virgin for a free £150 experience voucher + 2% savings. The Virgin Money M Plus account* gives newbies who switch to it £150 towards Virgin Experience Days (for example, a track day or sushi making).
It pays 2.02% AER variable interest on up to £1,000 and comes with a linked easy-access savings account paying 0.35% AER variable. Its debit card is also a top pick for overseas use. See our Virgin Money review for full info and eligibility criteria.
Full switching help and more deals in Best bank accounts.