From discounts on your utility bills and home insurance through to air miles and cash back offers, reward current accounts are packed full of fantastic features for you to take advantage of.
Find the perfect
package to suit your spending by comparing reward accounts with Square Compare,
and give your balance a boost with the great bonuses and cash back deals on
What Is A
Reward Current Account?
A reward current
account gives holders the chance to earn a fantastic range of rewards by
fulfilling certain banking criteria each month. Each reward account is
different so it’s important to use our comparison chart to find one that best
fits your monthly spending.
For example, one
bank may ask you to keep your account above a certain balance in exchange for
better interest rates, whereas another might offer discounts on household bills
paid by direct debit.
Even if you miss
out on a reward, you’ll still receive the great benefits of a standard current
account including the ability to apply for an overdraft, pay for goods
nationwide with a debit card, and access your banking online.
Can I Get A
Joint Reward Current Account?
combining your finances into one reward account, you and your partner can both
benefit from the great rewards on offer.
As with a
standard joint current account, you’ll both be able to deposit and withdraw
money as well as having access to online banking and transfers. A mandate will
need to be signed when opening the account to waive the need for a
countersignature when making withdrawals.
consider before getting a reward current account
As important as
they are, the current account rewards on offer should only form part of your overall
decision when choosing the perfect bank account.
No two accounts are the same and you will need to
make sure that you can meet the eligibility criteria of each account to get the
maximum possible rewards from your spending and savings management.
Rates | As will all current accounts, the interest
rates on offer vary considerably depending on the type of account that you
apply for. You may find that you can qualify for enhanced interest rates as
part of the rewards on offer from your account. Check out our comparison chart
to easily view the latest interest rates available.
Overdrafts | Overdrafts are available on almost all reward current accounts and
managing them responsibly may help you to apply for an increased limit in the
Rewards | The big focus of these accounts will always be the rewards that they
carry. Whether you’re a regular flyer who wants to clock up air miles or a
saver looking for better rates of interest, Square Compare lists all of the
rewards offered by these accounts.
How Do I Get
A Reward Current Account?
Almost all banks
offer some form of reward account to their customers and Square Compare can
help you to find the most suitable one from the UK market. Compare hundreds of
accounts in a single click using our online comparison table, choose an account
which suits your spending habits, and apply online.
accepted then you can start transferring your direct debits, savings and other
funds over to your new account immediately and start racking up rewards