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As 2026 approaches, Martin Lewis shared The latest offers for those keen to switch bank accounts to take advantage of financial growth in the new year.
this Financial Guru’s Money Saving Expert Six have gathered bank Currently offering cash bonuses to account switchers, many also offer other benefits such as cash back and high interest rates.
depositor You can receive up to £250 just by transferring your bank account, and most companies also offer other benefits that last at least a year to further incentivize potential switchers.
These offers are a great way to get extra cash and often don’t require customers to stick around after the offer money Paid. However, savers should be aware that most will not pay their previous switcher again until at least a year or two has passed.
Here are the best prices on the market right now:
Save money on TSB purchases – up to £230
TSB’s new offer for 2026 promises an upfront cash offer of £150. However, this can go up to £230 if you take advantage of a cashback offer exclusive to new switchers.
To receive the first £150, customers must open an account and deposit £1,000 before 20 March. If you deposit another £1,000 in April, you’ll get an extra £50.
You can then earn an extra £30 via cashback – up to £5 per month for the first six months.
The account also offers regular savings, offering 5% interest per month, up to £250, fixed for 12 months. This equates to interest of up to £71.
Lloyds Club – £250
Lloyds has increased its offer for transfers into its club accounts in 2026 to £250. The deal also offers a competitive regular savings rate of 6.25% and allows for free overseas spending.
The account also offers annual rewards, allowing holders to choose from 12 months of Disney+ (with ads), six movie tickets, Coffee Club and Gourmet Society memberships, or magazine subscriptions. The monthly fee is £5 unless you pay at least £2,000 per month.
Receive a free partial share worth up to £100.
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Receive a free partial share worth up to £100.
Capital is at risk.
Terms and conditions apply.
advertise
HSBC Premier – £250
HSBC’s new service is aimed specifically at high earners – those earning £100,000 or more. The bonus requires that this salary be deposited into an account. In addition to the bonus, it comes with global family travel insurance up to 69 years old, a range of health benefits and free transfers between different HSBC accounts around the world.
Santander Edge – £200
Santander is offering a £200 bonus for people who transfer to its Edge account, with a monthly fee of £3 also offering a number of other benefits. These include 1% cashback on bills (up to £10), a competitive 6% savings account and free overseas debit cards.
First Direct Account – £175
Digital bank First Direct is offering new converts a £175, 7% interest savings account, free overseas spending and a £250 zero-interest overdraft. The bank is also frequently praised for its strong customer service.
National FlexDirect – £175
Building societies nationwide continue to offer switchers a free grant of £175, plus 5% interest on up to £1,500, 1% cashback for the first 12 months, and 6.5% on regular savings.