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last mo.

High Street Banks Enter Final Week of £100-£185 Account-Switch Bonuses

With the July 28 cutoff for top account-switch bonuses imminent, customers are racing to fulfil qualifying criteria on deposits, direct debits and spending to lock in cash perks.

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Overview

  • Lloyds’ £185 offer expires on July 28 for Club Lloyds and Premier Account switchers, with payments made within ten working days of completion
  • Barclays continues to pay £175 plus 4.61% interest on up to £5,000 and includes Apple TV+ and MLS Season Pass via its Blue Rewards scheme until its August 28 deadline
  • Santander, NatWest, TSB and First Direct are offering cash bonuses from £100 to £180 alongside perks such as Amazon vouchers, enhanced savings rates and household bills cashback
  • All switching deals must use the Current Account Switch Service and require customers to meet conditions on minimum deposits, direct debits or debit-card transactions
  • Banks are using elevated incentives to attract deposits amid low interest margins, with FSCS protection covering up to £85,000 per customer