1.Barclays Premier Account
Barclays
3.96% AER
New Barclays Premier customers can receive a £400 cash bonus by switching to a Premier Current Account via the app by April 30, 2026.
£0
£4,000 within 30 days
Up to £100,000 online
The Barclays Premier Account stands out as the top choice because it offers a unique combination of premium features, including exclusive savings rates and a dedicated relationship team, all without a monthly fee for eligible customers. This account is tailored for high-earners, making it an excellent option for those who meet the income requirements.
Pros:
- Fee-free account
- Exclusive savings rates
- Dedicated relationship team
Cons:
- High income requirement
- Limited to high-net-worth individuals
2.Lloyds Premier Account
Lloyds
3.00% AER
New Lloyds Premier Account customers can receive a £500 cash welcome bonus when switching using the Current Account Switch Service.
£15
£5,000 per month or £100,000 in savings/investments
Free domestic debit card use
What sets the Lloyds Premier Account apart is its comprehensive package of premium benefits, including cashback on spending and access to exclusive mortgage discounts. This account is ideal for high-income earners looking for added value in their banking experience.
Pros:
- Premium benefits
- Cashback on spending
- Mortgage discounts
Cons:
- High monthly fee
- Strict eligibility criteria
3.Santander Edge Account
Santander
6.00% AER
Santander is offering a £200 cash bonus for switching to a new Santander Edge account.
£3
£500 per month
Fee-free spending abroad
The standout feature of the Santander Edge Account is its impressive 6.00% AER on savings, making it an attractive option for those looking to maximize their interest earnings. Additionally, the account offers cashback on household bills, enhancing its overall value proposition.
Pros:
- High interest rate on savings
- Cashback on household bills
- Fee-free spending abroad
Cons:
- Monthly fee
- Cashback on debit card spending being reduced
4.First Direct 1st Account
First Direct
7.00% AER
Get a £175 switching bonus when you open a First Direct 1st Account and complete a full switch.
£0
£1,000
No charges for debit card spending or cash withdrawals abroad
This account shines for its exceptional 7.00% AER on the Regular Saver account, available exclusively to holders of the 1st Account. The lack of monthly fees combined with a generous switching bonus makes it a compelling choice for new customers.
Pros:
- High interest rate on savings
- No monthly fees
- Attractive switching bonus
Cons:
- Limited to new customers
- Requires specific conditions for bonus
5.NatWest Select/Reward Account
NatWest
5.25% AER
Standard Select/Reward accounts offer a £150 bonus for switching.
£2
£1,250
Free domestic debit card use
A key differentiator is the cashback rewards offered through the NatWest Reward account, which can offset the monthly fee. This account is particularly appealing for those who regularly use direct debits and mobile banking.
Pros:
- Cashback rewards
- No monthly fee for Select account
- Flexible account options
Cons:
- Monthly fee for Reward account
- Limited interest on current account balance
6.The Co-operative Bank Current Account
The Co-operative Bank
7.00% AER
The Co-operative Bank is currently offering a total of £175 in welcome bonuses for switching to a standard or Everyday Extra account.
£0
N/A
No monthly fee and the option to apply for an overdraft
The Co-operative Bank Current Account is an excellent choice for those seeking a straightforward, fee-free banking experience while benefiting from a high interest rate on savings. The attractive switching bonus further enhances its appeal.
Pros:
- No monthly fees
- High interest rate on savings
- Attractive switching bonus
Cons:
- Limited features compared to premium accounts
- Less brand recognition
7.Lloyds Club Lloyds Account
Lloyds
6.25% AER
Lloyds Bank is offering a £200–£250 welcome bonus for switching to a Club Lloyds account.
£5
£2,000 per month to waive fee
No debit card fees when spending abroad
This account offers a unique blend of lifestyle benefits and competitive interest rates, making it a strong contender for those who can meet the funding requirements. The ability to earn high interest on savings while enjoying perks adds significant value.
Pros:
- Lifestyle perks
- High interest rate on savings
- No debit card fees abroad
Cons:
- Monthly fee unless conditions are met
- Limited to specific benefits
1.45% AER
TSB offers a total of up to £200-£240 in incentives for switching to a Spend & Save or Spend & Save Plus account.
£0
N/A
No foreign transaction fees
The TSB Spend & Save Account is appealing for those looking for a fee-free banking option with cashback incentives. The innovative Savings Pots feature allows users to save effectively while enjoying the benefits of a straightforward current account.
Pros:
- No monthly fee for standard account
- Cashback incentives
- Savings Pots feature
Cons:
- Lower interest rates compared to competitors
- Limited to cashback on specific criteria
Final Words
In summary, March 2026 presents lucrative bank switching deals, with Barclays leading the way with substantial welcome bonuses for new customers. Be sure to compare offers from various banks to find the best deal that suits your financial needs and maximizes your benefits.
Frequently Asked Questions
The Barclays Premier Account offers an interest rate of 3.96% AER.
No, the Barclays Premier Account has a monthly fee of £0.
The Lloyds Premier Account offers an interest rate of 3.00% AER.
The Lloyds Premier Account has a monthly fee of £15.
The Santander Edge Account offers an interest rate of 6.00% AER and has a monthly fee of £3.
As of March 2026, Barclays is offering a £400 welcome bonus for switching to a Premier Current Account via their app.
To qualify for the Barclays welcome bonus, you must be a new customer, use the official switch service, deposit a minimum amount between £2,000 and £4,000, and have active direct debits.
Yes, other eligible accounts can receive a £200 welcome bonus when switching.
