Compare packaged current accounts
Get added benefits with your current account
Compare packaged current accounts
Package current account deals
Santander Edge® Explorer current account
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- Earn 1% cashback on selected household bills (up to £10 a month) and 1% cashback at supermarkets and on travel costs (up to £10 a month), exclusions apply.
- Access to Santander Regular Saver with 8.00% AER/Gross (variable), including a 5% AER/Gross (variable) bonus for the first 12 months. Save up to £200 per month, payable from a Santander current account. T&Cs and eligibility criteria apply. Rate may be withdrawn at any time.
- Access to Santander Edge saver with 6.00% AER / 5.84% gross (variable) interest on balances up to £4,000 (includes 2.50% AER / 2.47% gross (variable) bonus rate for the first 12 months from opening).
- Travel insurance - worldwide cover (excluding Cuba) for you and your family's travels - including winter sports. Administered and underwritten by Chubb European Group SE.
- 24/7 remote access to a GP in the UK for you and your family. Arranged by Chubb and provided by Teladoc Health UK.
- UK and European breakdown cover - whether you're the driver or passenger. Underwritten by AWP P&C SA and administered by Allianz.
- Mobile phone insurance - cover for you and your family's mobile phones. Administered by Likewize and underwritten by Aviva Insurance Limited.
- You can make international payments with no extra fees (the bank receiving the payment might still apply charges). There's also no charge for making CHAPS payments from this account.
- No Santander fees for using your Santander Edge Explorer debit card to withdraw cash and make payments outside the UK in the local currency.
- Arranged overdraft facility (subject to status). If you use an arranged overdraft, you'll be charged an interest rate of 39.94% APR / EAR (variable).
- Get cashback, vouchers, prize draws, and other offers personalised for you with Santander Boosts. To be eligible for Santander Boosts, you must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking.
- Online and Mobile Banking available with text and email alerts.
- If it's a joint account, you must both live at the same UK address.
- Once you're 75 years old, you are no longer eligible for the travel insurance benefits.
- If you have other insurance, you might be paying for more than you need. You won't be able to make the same claim twice.
- You can only have one Santander Edge Explorer account at a time.
- Please read the Terms and Conditions for this account on the Santander website for full details on the benefits.
| Maximum Age | 73 years |
| Maximum Investment | Unlimited |
| Minimum Age | 18 years |
Santander Edge® current account
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- Access to Santander Regular Saver. 8.00% AER/Gross (variable), including a 5% AER/Gross (variable) bonus for the first 12 months. Save up to £200 per month.
- Earn 1% cashback (up to £10 a month) on selected household bills when you pay by Direct Debit.
- You can make international payments with no extra fees (the bank receiving the payment may still apply charges). There's also no charge for making CHAPS payments from this account.
- No Santander fees for using your Santander Edge debit card to withdraw cash and make payments outside the UK in the local currency.
- Arranged overdraft facility (subject to status). If you use an arranged overdraft you'll be charged an interest rate of 39.94% APR / EAR (variable).
- Get cashback, vouchers, prize draws and other offers personalised for you with Santander Boosts.
- Online and Mobile Banking available with text and email alerts.
- There is a £3 monthly fee for maintaining the account that will automatically be taken from your account each month.
| Maximum Age | Unlimited |
| Maximum Investment | Unlimited |
| Minimum Age | 18 years |
| Minimum Monthly Credit | £500 |
| Permanent UK Resident |
NatWest Reward
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- For £200, open a Reward account and switch using the Current Account Switch Service. Pay in £1250 & log into the app within 60 days.
- You must not have held a current account on 06/05/26 or previously received an offer from NW Group. T&Cs & account criteria apply. May be withdrawn at any time.
- If you have a NatWest Current Account, you have the option to apply for a Digital Regular Saver. Deposit £1-150 per month. Earn 5.25% / 5.13% AER/Gross p.a.(variable) interest on your first £5k and 1.00% AER/Gross p.a.(variable) on anything over £5k. Other NatWest Savings products are available, eligibility criteria apply.
| Maximum Age | Unlimited |
| Maximum Investment | Unlimited |
| Minimum Age | 18 years |
| Minimum Monthly Credit | £1,250 |
| Permanent UK Resident |
What is a packaged current account?
Packaged current accounts perform the same basic functions as standard current accounts - letting you pay money in, pay bills, and pay with a card online and in store - but come with extra benefits attached.
How does a packaged current account work?
Packaged accounts work by offering you extra benefits such as cashback on your spending, high interest on positive balances, or linked benefits like mobile phone insurance or breakdown cover.
The catch is that these accounts typically charge a monthly fee. However, often the monthly fee charged can be a lot lower than if you got these features separately.
Joint packaged accounts are also available, which can offer better value than individual accounts as the perks can be used by both of you.
If you play your cards right, the benefits will handily outweigh the fee charged - just make sure you're using them or you could end up spending money for nothing.
Benefits available as part of a packaged current account
Worldwide family travel insurance is one of the most commonly included benefits with packaged bank accounts. Just check carefully for exclusions around topics like maximum age and pre-existing conditions.
You can enjoy roadside breakdown support in the UK or across Europe with membership of organisations like Green Flag, the AA and RAC with some current accounts.
Several packaged accounts include mobile phone cover or other gadget insurance as part of their deals.
Several accounts will give you back a percentage of your spending or a cash reward if you meet certain requirements. You may get 1% cashback on your household bills, for example.
Some packaged current accounts offer exclusive access to linked, high-interest savings accounts that are only available to people with the current account. These are typically regular saver accounts or instant access accounts.
Home emergency cover is also sometimes offered as a packaged benefit. This provides professional help if something goes wrong in your home - for example a broken boiler or burst pipe.
Free use abroad, airport lounge access and even air miles are sometimes also included as part of the deal with some packaged bank accounts.
Benefits available as part of a packaged current account
Travel insurance
Breakdown cover
Mobile phone insurance
Cashback
Linked high-interest savings accounts
Home emergency cover
Travel perks
5 things to check before applying for a packaged bank account
Packaged bank accounts can be great – for the right person. These are five things you need to check before applying.
Do you already have the included benefits somewhere else?
Getting breakdown cover, phone insurance, travel insurance and more included in your bank account sounds great - unless you're already paying for them elsewhere that is.
Double check your home insurance, car insurance and other policies to see whether you're already covered. Then check with your partner and family as well in case one of their policies covers you too.
Check you can actually use all the benefits
Do your bills get paid from your account to get cashback from them? Will the travel insurance cover any pre-existing conditions you have? Do you have enough spare cash to make use of the savings account?
Before signing up to pay monthly a fee to access linked benefits, check the small print to make sure you can actually use them.
If you can't, you’ll end up paying money for nothing.
Check the cost of getting the benefits elsewhere
One of the tricks of packaged current accounts is that you see a monthly fee advertised, while other policies charge you annually.
For example, annual breakdown cover of £85 works out at just £7.08 a month.
Run a quick comparison to see what the packaged account policies will cost you elsewhere, then divide this by 12 to see if it's actually good value.
Check for free alternatives to what's included
The right credit card can offer cashback or free use abroad.
The best-paying savings accounts can get you more than 4% interest.
None of these come with any fees attached at all.
So before you sign on the line to pay a monthly fee, see what's available elsewhere for free.
Ask if yourself if you will actually use the benefits
Included worldwide travel insurance sounds great - but if you normally holiday in Cornwall isn't worth paying for.
An 8% regular saver account might be market-leading, but if you're living in your overdraft isn't the most useful.
Put simply, no matter how much cheaper something is than you can find it elsewhere, if you buy it then never use it it's still a waste of money.
Typical costs of included benefits if bought separately
What it would cost you each month to buy some of the more common benefits included in a packaged current account if you were to get them separately.
How to choose the best packaged account for you
What you need to do to make sure your current account is working for you, not against you.
Decide what matters most
Are you in this for the cashback or interest on offer?
Do you want to make sure you're covered on holiday or that you get cheap breakdown cover?
Before signing up to a packaged account, work out what features are nice to have and what you consider essential.
See if you can get it free
The benefits available in packaged accounts don't always cost you anything.
You can often find linked savings accounts and cashback for free if you compare current accounts thoroughly enough.
So before signing up to a packaged account, check you need to.
Make sure it all adds up
Check the benefits are worth the price - and that they're things you'll be able to use.
That means checking for exclusions and cover levels on any insurance policies to ensure you're happy with what's on offer.
If it all adds up after you've checked, then it's time to sign up.
Is a packaged current account worth the fee?
There are two key advantages of packaged current accounts: Simplicity and cost.
The right package means you don't need to worry about renewing you breakdown cover or travel insurance ever again - and you might end up paying less overall too.
If you're in it for the money, rather than the insurance, then make sure you're spending or saving enough for the cashback and interest to to cover your fees.
But don't assume you'll get a good deal - it's always worth checking for free alternatives and if stand alone policies might be cheaper or better suited to you.
Pros and cons
Pros
Cons
“A packaged bank account can make your life simpler and save you cash - just make sure the linked benefits are worth it first.”
FAQs
Not always. But you can get many of the benefits available from a packaged bank account without paying a monthly fee.
Many accounts come with included linked savings accounts, free use abroad and even cashback - but have no fee attached to them.
Any formal application for credit - including the overdraft element of a packaged bank account - results in a credit check.
That means banks will log a search of your credit history on your report before deciding to offer you a deal or not. This is visible to other lenders, but not part of your credit score.
Any monthly fee for a packaged bank account is automatically deducted from your account in the same way that overdraft charges and overseas debit card usage fees are.
Yes. But make sure the benefits are applied sensibly - for example you might only be able to sign up for breakdown cover for one car or get mobile phone coverage for one phone. If you want to double the benefits, a higher fee might be charged to reflect that.
In the past banks have found themselves in trouble for selling packaged bank accounts to people who couldn't use the benefits associated with them.
Rules now mean banks have to check that the extras are suitable for you. If you think you've been mis-sold a packaged bank account in the past, the Financial Ombudsman Service has a guide to common problems and how to complain here.
We compare current accounts from a wide range of high street banks and newer challenger banks. Compare our current account providers to check which ones we include.
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