Martin Lewis reveals learn how to stand up to £250 with newest financial institution switching provides

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Your assist makes all of the distinction. Learn extra As 2026 will get underway, Martin Lewis has shared the most recent offers for these eager to modify financial institution accounts to make the most of for a monetary enhance within the new 12 months.

The monetary guru’s MoneySavingExpert has pulled collectively six banks at the moment providing a money incentive for account switchers, with many additionally providing different perks similar to cashback and excessive rates of interest.

Savers can stand up to £250 simply by transferring their checking account, with most providing different perks lasting at the very least a 12 months to additional incentivise would-be switchers.

These offers may be an effective way to get some further money, and often gained’t require prospects to stay round as soon as the cash has been paid. Nonetheless, savers ought to be conscious that almost all gained’t pay out once more to former switchers till at the very least a 12 months or two has handed.

<img src="https://static.independent.co.uk/2026/01/12/10/11/Martin-Lewis-warns-millions-missing-tax-benefit-due-to-council-website-errors.jpeg" srcset="https://static.independent.co.uk/2026/01/12/10/11/Martin-Lewis-warns-millions-missing-tax-benefit-due-to-council-website-errors.jpeg?quality=75&width=320&crop=3%3A2%2Csmart&trim=0%2C56%2C0%2C55&auto=webp 320w, https://static.independent.co.uk/2026/01/12/10/11/Martin-Lewis-warns-millions-missing-tax-benefit-due-to-council-website-errors.jpeg?quality=75&width=640&crop=3%3A2%2Csmart&trim=0%2C56%2C0%2C55&auto=webp 640w" loading="lazy" alt="The financial guru’s MoneySavingExpert has pulled together six banks currently offering a cash incentive for account switchers" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

The monetary guru’s MoneySavingExpert has pulled collectively six banks at the moment providing a money incentive for account switchers (ITV) Listed here are one of the best offers at the moment in the marketplace:

TSB Spend & Save – as much as £230

The recent 2026 provide from TSB guarantees an upfront money provide of £150. Nonetheless, this may be boosted as much as £230 if profiting from cashback provides unique to new switchers.

To obtain the primary £150, prospects should open their account and deposit £1,000 earlier than 20 March. An additional £50 can then be secured if one other £1,000 is deposited in April.

An additional £30 can then be earned by means of cashback – at as much as £5 per 30 days for the primary six months.

The account additionally offers entry to a daily saver, which provides 5 per cent curiosity on as much as £250 a month, fastened for 12 months. This equals a most of £71 curiosity.

Membership Lloyds – £250

Lloyds has upped its 2026 providing to £250 to modify to its Membership account. The deal additionally offers entry to a aggressive 6.25 per cent curiosity common saver and permits for fee-free abroad spending.

This account additionally offers a yearly reward, permitting holders to select from 12 months’ Disney+ (with adverts), six cinema tickets, a Espresso Membership and Connoisseur Society membership, or a subscription to {a magazine}. This prices £5 a month except at the very least £2,000 a month is paid in.

Get a free fractional share price as much as £100.Capital in danger.

Phrases and situations apply.

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Get a free fractional share price as much as £100.Capital in danger.

Phrases and situations apply.

Go to web site ADVERTISEMENT

<img src="https://static.independent.co.uk/2025/05/08/09/324db483439e1addc3986611fe926c7cY29udGVudHNlYXJjaGFwaSwxNzQ2Nzc3NTgz-2.80028223.jpg" srcset="https://static.independent.co.uk/2025/05/08/09/324db483439e1addc3986611fe926c7cY29udGVudHNlYXJjaGFwaSwxNzQ2Nzc3NTgz-2.80028223.jpg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2025/05/08/09/324db483439e1addc3986611fe926c7cY29udGVudHNlYXJjaGFwaSwxNzQ2Nzc3NTgz-2.80028223.jpg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="TSB is offering up to £230 for those who take advantage of cashback offers exclusive to new switchers" class="sc-1mc30lb-0 ggpMaE inline-gallery-btn"/> open picture in gallery

TSB is providing as much as £230 for many who make the most of cashback provides unique to new switchers (PA) HSBC Premier – £250

This new providing from HSBC is completely for high-earners – these on £100,000 or extra. The bonus requires that this wage be paid into the account. Alongside the bonus, it boasts worldwide household journey insurance coverage as much as age 69, a spread of well being advantages, and fee-free transfers between completely different HSBC accounts worldwide.

Santander Edge – £200

Santander is providing switchers £200 for transferring to its Edge account, which boasts a number of different perks for the £3 month-to-month charge. These embrace 1 per cent cashback on payments (as much as £10), a aggressive 6 per cent financial savings account, and a fee-free abroad debit card.

First Direct 1st Account – £175

Digital financial institution First Direct is providing £175 to new switchers, entry to a robust 7 per cent curiosity financial savings account, fee-free abroad spending, and a £250 overdraft at zero per cent. The financial institution can also be usually credited for its robust customer support.

Nationwide FlexDirect – £175

Constructing society Nationwide continues to supply switchers a free £175, plus 5 per cent curiosity on as much as £1,500, 1 per cent cashback for the primary 12 months, and a 6.5 per cent common saver.