Expert analysis: What’s the best switching deal right now?
Nationwide’s £200 switch bonus is the best overall. If you opt for the FlexDirect account, you could earn 5% on balances of up to £1,500 for 12 months and potentially pocket another £75. There’s also access to Nationwide’s Flex Regular Saver at 8% AER. If you save the full amount of £200 per month, after a year you’ll have £104 in interest. Add that to the switch bonus and in-credit interest and you stand to earn £379 overall.
If Nationwide's deal isn't the one for you, first direct’s long-running £175 switching bonus is still a good option. It also gives you access to its Regular Saver account at 7%. If you save the maximum monthly amount of £300, after a year you’ll have £136.50 in interest. Overall that’s £311.50.
Hi Joe,
Thanks for getting in touch.
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Thanks,
Kate
Hi
Is there any way to get notified by your website when there’s a new bank switch offers available?
Many thanks
Joe Fox