Welcome to Financielle Money Deals – a monthly guide to the best deals in the UK so you can make the most of your money.   All information checked 25 March 2025

BANK SWITCHING BONUSES 🤩

💳 First Direct 💰💰💰

The First Direct switching offer is still going…no end date in sight, go grab yourself £175!

• You need to open a 1st Account and move two direct debits or standing orders from your old bank.
• Switch using the Current Account Switching Service and close the old account.
• Pay in £1,000 within 30 days of opening the account (and it needs to stay in there for at least 24 hours)
• Use your debit card 5 times in the first 45 days.
• Log into mobile banking or the banking app in the first 45 days
• You must have never had a First Direct Account before
• Not have opened an HSBC account since 1st January 2018
• Do all of the above and you will receive the bonus  by the 20th of the following month.

Switch Bank Accounts | How To Switch Bank Accounts – first direct

There’s also a Bonus Saver account which offers 4.00% interest on balances up to £50,000 for every month you don’t make a withdrawal (reducing to 2.00% in the months you make a withdrawal).

Bonus Savings Account | first direct 

There’s also a Regular Saver account offering 7.00% interest when you save between £25 and £300 each month:

See this link for more information 👉 Regular Saver Account | first direct 

💳 Nationwide FlexDirect 💰💰💰

Nationwide also has a bank switching offer of £175… offer ends 31 March 2025

• Bonus received within 10 days of the switch completing
• Open to existing customers
• open a new or already have a FlexPlus, FlexDirect or FlexAccount
• Switch using the Current Account Switch Service and close your old account within 28 days of starting the switch
• Transfer two direct debits
• Deposit £1,000 within 31 days
• Make one debit card transaction within 31 days
• Must not have received a switching bonus since 18 August 2021

Switch your bank account | Nationwide

There are some good interest rates on savings accounts too so why not have a look 👀 compare-savings-accounts-and-ISAs

• Flex Regular Saver (save up to £200 each month)  6.50%
• 1 Year Fixed Rate Cash ISA 4.10%
• 1 Year Fixed Rate Online Bond (lump sum) 4.00%

✨NB: If you already have a Nationwide current account or Mortgage and savings account with at least £100 in it you could be in with a chance of receiving a £100 fairer share payment that Nationwide gave its eligible customers in 2023 and 2024 (here’s hoping they do it again in 2025) 🤞

Nationwide Fairer Share | Nationwide

💳 Lloyds  💰💰💰

Lloyds have an amazing bank switching offer worth £175 (running until 01 April 2025)…

Switch Bank Account To Us | UK Bank Accounts | Lloyds Bank

NB: from June 2025 the Club Lloyds account fee will be increasing from £3 to £5 (this is waived each month you deposit £2,000)

They also have some great savings accounts (these are good old faithful accounts that have been running for years)!

Club Lloyds Monthly Saver

You must have a current account with Lloyds to be eligible for a Club Lloyds Monthly Saver which has an interest rate of 6.25%.  You can save between £25 and £400 each month and the interest is paid on the anniversary of opening the account.  This is a ‘fixed’ account but you can make withdrawals. Saving £400 each month would give you £150 in interest at the end of 12 months.

 Club Lloyds Monthly Saver Account

Monthly Saver

There’s also another great savings account with Lloyds called the ‘Monthly Saver’ which has increased the interest rate to 5.25% recently which is paid after 12 months.  Save between £25 and £250 each month, saving £250 each month would give you £78.75 in interest at the end of 12 months.

Monthly Saver Account

💰 👇 Check out this link for some other good rates from Lloyds  👇 💰

 Compare Lloyds Bank best savings accounts

💳 Natwest  💰💰💰

Natwest have a switch offer of £150 to an eligible Reward account – existing customers eligible too if switching from current account to Reward account.

• Use Current Account Switching Service
• Switch to eligible Reward account
• Pay in £1,250 (can be in multiple transactions, money must remin in account for 24 hours)
• Log into mobile app
• Payment made within 30 days

BANKS FOR GREAT INTEREST RATES 🤑

Barclays Rainy Day Fund ☔

The interest on this account has now reduced to 4.87%.  This is still a good account to keep your Emergency Fund in and you get this interest rate on balances up to £5,000, with anything over this earning 1.16% interest (all interest is paid monthly)

How do you get this rate? Check out this link for more information: Rainy Day Saver | Barclays  

✨NB: As the Rainy Day Saver account requires you to be a member of Barclays Blue Rewards you need to know something…since 4 September 2024 you no longer receive the £5 reward for having 2 x direct debits or any reward for that matter (so if you have a mortgage that means the £3 reward will be withdrawn too).  You will however still be charged the £5 monthly fee for having the account.  You need to work out if the interest you will get from the Rainy Day Saver outweighs the lack of rewards/still being charged the Blue Rewards fee.

💳 Santander

Santander have a couple of really good accounts offering cashback and a linked savings account giving you 6% for the first year:

The Santander Edge Account gives you:

• 1% Cashback on selected household bills (capped at £10 per month)
• 1% Cashback on supermarkets and travel costs (again up to £10)
• You also get to an optional Santander Edge Saver account with 6% interest on balances up to £4,000 (which includes 1.50% bonus rate for the first 12 months)
• There is however a £3 per month account fee
• You must pay in at least £500 each month and set up 2 active direct debits

The Santander Edge Up Account gives you:

• Get 1% cashback on selected household bills (up to £15 a month) when you pay by direct debit
• 1% cashback (up to £15 a month) at supermarkets and on travel costs
• 3% interest paid monthly on balances up to £25,000
• There is a £5 monthly fee to manage the account
• You must pay in at least £1,500 each month and set up 2 active direct debits

Regular Saver account with 5.00% interest fixed for 12 months.

• Save up to £200 a month via standing order from your Santander Current Account
• if you saved £200 each month after 12 months you would receive £65.01 in interest

Check these links below for some other great Santander accounts 👇

Santander Current Accounts  

Santander Savings Accounts

💳 Raisin

Although Raisin isn’t a current account as such, they do have some really competitive savings rates/accounts.  Why not take a look at some of their savings accounts 👀

Fixed Rate Bonds: All based on a deposit of £5,000

• BPI Europe PLC  has a savings account with a 4.45% interest rate fixed for 6 months
• RCi Bank has a savings account with a 4.45% interest rate fixed for 3 years

Easy Access: All based on a deposit of £5,000

• Monument Bank has an easy access account with an interest rate of 4.56% variable
• Castle Community Bank has an easy access account with an interest rate of 4.20% variable

👉 Compare high-yield savings accounts | Raisin UK

💳 HSBC

HSBC have some competitive rates on their savings accounts so why not take a look 👀

✨NB: They reduced some of their savings interest rates from 27 January (see link below for more details)

• Fixed Rate Cash ISA – 4.15% for up to 13 months (instant Access but only for Current Account holders)
• Fixed Rate Savings Account – 1 Year at 4.15% (no instant access to this account)
• Fixed Rate Savings Account – 2 Year at 3.90% (no instant access to this account)

Online Bonus Saver:

• Save up to £50,000 and get 4.00% interest
• Bonus rate over £50,000 is 1.75%

HSBC Savings Accounts

💳 TSB 💰💰💰

Although the bank switching deal has sadly finished, TSB still has some good interest rates:

• Cash ISA at 4.02% for 18 months
• Instant Access up to 6.00% for 12 months
• Fixed rate Bond 4.15% for 12 months

Take a look at these savings accounts as well 👉 Savings Accounts  TSB Bank

💳 Natwest

NatWest bank switching offer has ended but go check out the savings interest rate on some of their accounts…

They offer a fantastic rate of 6.17% interest when you save between £1 and £150 each month (on your first £5,000 saved with this account) in a digital saver account.

Have a look at this and other accounts 👇

Savings accounts | Compare savings accounts | NatWest

💳 Virgin Money

M Plus Current Account with linked savings account:

• M Plus current account interest rate has dropped to 1.00% on up to £1,000 opened with a linked savings account now paying 2.50%  interest on up to £25,000
• Defined Access E Saver rate is 4.06%
• One Year Fixed Rate Cash E-ISA is currently paying 4.10% fixed until 24 February 2026

Why not take a look at these and other accounts👇

Virgin Money UK Current Accounts 👀

Savings Range | Virgin Money UK 👀

💳 Kroo

Kroo have a great interest rate of 3.40% on its current account

• No monthly fees for this account
• You can open an account in minutes
• Interest is paid monthly

✨ NB: The interest rate is a tracker rate and it will be 1.10% below the Bank of England base rate ie the Bank of England base rate is currently 4.50% and so the interest you will receive is 3.40%

Kroo Bank Account

💳 Halifax

Reward Current Account

There are lots of great reasons to open a Halifax Reward Current Account:

• You can choose from a monthly reward of £5 cash or 1 x cinema ticket, 2 x digital movies or 3 x digital magazines
• Spend £500 on your debit card each month or have a balance of £5,000 for the full month
• Keep a credit balance of £0 or above for the full month
• You can track the progress of your reward within the app
• If you choose £5 cash reward this will be deposited into your account around the 12th of the following month
• It does have a £3 monthly fee which is waived for every month you deposit £1,500.  The money doesn’t need to stay in the account though and can be withdrawn the next day

Why not compare all Halifax Bank Accounts here 👇

Compare Halifax Bank Accounts

Halifax Regular Saver

• Gives you 5.50% interest for 12 months (interest paid after 12 months)
• Save between £25 and £250 each month
• if you saved £250 each month at the end of 12 months you would receive £82.50 in interest

👇 Check out these links for more information on Halifax savings accounts

Halifax Savings Accounts

Halifax Regular Saver Account

💳 Chase Bank

Chase are lowering their interest rate from mid February 😔

• You can open a number of ‘accounts’ and name them for different budget purposes
• You get a linked 5% interest ‘round up’ account
• You can choose which of your accounts you want to spend from before you spend
• You can open up to 10 savings accounts which have the same interest rate
• You earn 1% cashback for the first 12 month on almost all of your purchases (some restrictions apply, see link below)
• NB: You need to deposit £1,500 each month to be eligible for the 1% cashback the following month

The Chase Saver rate is now tied to the Bank of England base rate…from 19 February 2025 the interest rate was reduced to 1.50% below the base rate. This means that as the Bank of England base rate is now 4.50% the Chase Saver rate will be 3.00%.

👇 Follow this link for all of the details

Chase Current Account

💳 Bank of Scotland

Bank of Scotland still have some great interest rates on their savings accounts:

• Monthly Saver – save between £25 and £250 each month to earn 5.50% interest (paid yearly)
• Fixed Cash ISA – 1 year pays 3.95% interest
• Fixed Cash ISA – 2 year pays 3.75% interest
• Advantage ISA Saver pays 3.50% interest

take a look at these and others here 👉 Bank of Scotland Savings Accounts

💳 Moneybox

Moneybox still has some great savings and investment accounts:

• If you have a Stocks & Shares ISA you can save cash (ready to invest) and earn 3.25% which is paid monthly into your account.  This interest rate will come into effect on 03 March 2025
• Their Cash ISA  interest rate is changing on 03 March 2025 to 4.20%
• 95 Day Notice Account has an interest rate of 4.55% (paid monthly), no fees, withdraw money on 95 days notice

Why not take a look at all of the accounts Moneybox has to offer 💰

Moneybox app – getting-started – Available Accounts

💳 Starling

Although Starling no longer offer interest on current account pots it does still have some great interest rates if you want to lock your money away for a fixed term:

• Easy Saver is their brand new account giving an interest rate of 4%

Check out the links below for both Current and Savings Accounts 👇

Starling Bank Current Account

Starling Bank Saving-Spaces

💳 NS&I

• Premium Bonds prize draw rate is decreasing to 3.8% from April’s draw
• From 05 March 2025 the NS&I Direct Saver interest rate is also decreasing to 3.30%
• The 3 year Fixed Green Savings Bonds is still at 2.95%.

Check out the NS&I website here 👉 NS&I Saving Products

💳 Monzo

Instant Access/Easy Access fixed rate savings accounts

• Interest rate for an Instant Access Account is 3.85%

• Instant Access Cash ISA interest is now 3.85%

Savings Pots

• You can get a great interest rate of 4.10% with a 6 month Fixed Savings Pot / 3.80% with a 9 month Fixed Savings Pot (minimum deposit of £500) and an increased interest rate of 4.12% with a 12 month Fixed Savings Pot.

Saving with Monzo | Create a Savings Pot Online Today

💳 Chip

Chips interest rate has decreased to 3.56% for the Easy Access Saver 😲

• You only get three penalty free withdrawals

Chip also has an Instant Access Account with an interest rate of 3.50% and a Cash ISA paying 4.32% there’s a lot to like about Chip…although there are some charges that only become clear once you have an account so it is worth checking out here 👇

Our Best Savings Accounts | Chip (getchip.uk)

💳 Tandem 💰💰💰

The interest rate on the Tandem Instant Access Saving Account  is now 4.15%.  This is made up from 3.90% with an extra 0.25% bonus added on top for 12 months bringing the interest rate up to 4.15%. Have a look here 👇  They have Fixed Rate accounts as well (you can see these via the same link below) 👀

Tandem Bank Instant Saving Account

You can also create ‘pots’ within your main account and you get the same great interest rate…what’s not to like!?

Financielle Money Deals 💸

March 2025 🤑