Martin Lewis reveals find out how to rise up to £250 with newest financial institution switching gives

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Your assist makes all of the distinction. Learn extra As 2026 will get underway, Martin Lewis has shared the newest offers for these eager to change 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 presently providing a money incentive for account switchers, with many additionally providing different perks equivalent to cashback and excessive rates of interest.

Savers can rise up to £250 simply by shifting their checking account, with most providing different perks lasting a minimum of a 12 months to additional incentivise would-be switchers.

These offers might be an effective way to get some further money, and often received’t require prospects to stay round as soon as the cash has been paid. Nonetheless, savers ought to be conscious that almost all received’t pay out once more to former switchers till a minimum of 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 presently providing a money incentive for account switchers (ITV) Listed below are one of the best offers presently available on the market:

TSB Spend & Save – as much as £230

The contemporary 2026 provide from TSB guarantees an upfront money provide of £150. Nonetheless, this may be boosted as much as £230 if making the most of cashback gives 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 way of cashback – at as much as £5 monthly for the primary six months.

The account additionally gives entry to a daily saver, which gives 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 change to its Membership account. The deal additionally gives entry to a aggressive 6.25 per cent curiosity common saver and permits for fee-free abroad spending.

This account additionally gives 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 a minimum of £2,000 a month is paid in.

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

Phrases and circumstances apply.

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

Phrases and circumstances 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 gives unique to new switchers (PA) HSBC Premier – £250

This new providing from HSBC is solely 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 totally different HSBC accounts worldwide.

Santander Edge – £200

Santander is providing switchers £200 for shifting to its Edge account, which boasts a number of different perks for the £3 month-to-month charge. These embody 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 frequently 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.