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At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. Bankrate logo The Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money. Bankrate logo Editorial integrity
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. In the wake of last month, a number of high street banks have launched . The largest cash bonus is from HSBC, which is offering £200 if you switch to its Advance current account. Up to 1.9 million TSB customers lost access to their bank accounts for more than a week at the end of April – and the new switching incentives, from HSBC, Natwest, and M&S Bank, are probably intended to entice disgruntled TSB customers who are looking to . Natwest will give you £100 for switching to any of its current accounts before June 15. You must switch online, and you must pay in £1,500 and log into online or mobile banking before July 13. The £100 will be put into your account before August 10. This deal is available to new and existing Natwest customers. HSBC will pay you a little bit more, but the deal is more restrictive too. Until June 30, HSBC will pay you £150 if you switch to an Advance current account. If you stick with the account, HSBC will pay you another £50 after 12 months. You must log into online or mobile banking within 60 days of opening the account. To be eligible, you must pay in at least £1,750 per month, transfer two direct debits or standing orders, and not have an existing account with HSBC. The HSBC deal also includes a linked Regular Saver account, which pays 5% interest for 12 months – but only on deposits of up to £250 per month. Assuming you save the full £3,000 over the year, you would get £81 in interest. M&S Bank also has a decent deal: you’ll get a £125 M&S gift card if you switch current accounts, and then your giftcard will be topped up with £5 per month, for 12 months, if you stay with them (£185 total). To be eligible, you must pay in £1,000 per month and have two active direct debits. The M&S Current Account gives you access to a Monthly Saver account with the same 5% interest and caps as the HSBC account, too. Now read about – or how , and cancelled their direct debits SHARE: Sebastian Anthony Related Articles