Some current account providers issue free cash offers for switching accounts in the run up to Christmas.
Nationwide Building Society recently launched a £200 free cash offer, Lloyds Bank also has a £175 free cash deal and TSB has a £150 offer.Brits are being told they could receive hundreds of pounds before Christmas by switching current accounts.
Free Cash Offers for switching current accounts 'come and go'If you're looking to switch current accounts and pocket a little money, you won't want to delay. That being said, Moneyfactscompare notes that, first direct continues to offer a £175 cashback deal, which was launched over a year ago. “Consumers who switch using the Current Account Switch Service have a variety of free cash perks to choose from, but there are alternative accounts offering some attractive benefits elsewhere, such as cashback on spending, high credit interest or a competitive overdraft tariff.
She added: “The account also provides some enticing perks, such as cashback on selected spending and bills, but it is worth noting they will need to pay a £5 per month fee.”
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