Barclays Bank offers cash loyalty rewards as part of its Blue Rewards scheme including £7 per month for having two direct debits from your account. The feature comes with a £3 monthly fee and you must pay in £800 a month.
First Direct’s First Account offers a choice of freebies to sign up, including a £150 Expedia voucher, online development courses or free tech worth up to £170. It comes with a £250 free overdraft and requires a £1,000 monthly deposit to avoid a £10 monthly fee.
Natwest’s Reward Account pays 2 per cent cashback on your household bills – worth an average £83 per year. The banks will also waive overseas spending fees until the end of August. You need to pay in at least £1,500 per month and there is a £2 monthly fee.
Nationwide’s FlexPlus is one of our favourite package bank accounts. It pays 3% interest on up to £2,500 and comes with family worldwide travel insurance and breakdown and mobile cover for £13 per month. The account also comes with a £250-free overdraft.
M&S Bank’s Current Account has a £125 gift card for joining, plus you get an extra £5 a month top up for the year. It has a £100 fee-free overdraft and no miniumum deposit criteria.