The accounts with the best return often require a fixed monthly deposit. This can mean a little work, but with a little direct debit planning it is possible to cycle the one amount through several accounts so that you don’t have to commit too much money. This can bring relatively large returns on a small outlay, often better returns than current savings accounts.

·        Alliance and Leicester Premier Account

£100 Sign up Bonus – if you use their switching service

0.5% interest

£25 Refer a Friend Bonus

Free Travel insurance

Requires pay in at least £500 month

APPLY HERE

·        Alliance and Leicester Premier Direct Account or

6% AER (fixed for one year) on balances up to £2,500

Requires pay in at least £500 month

APPLY HERE

·        Abbey Bank Account

6% AER (fixed for one year) on balances up to £2,500

Requires pay in at least £500 month

APPLY HERE

·        First Direct Current Account

£100 Sign up Bonus – if you use their switching service

0% interest

Requires pay in at least £1,500 month for first 3 months

2^nd £100 Bonus if switch away from First Direct within first year

APPLY HERE

·        Halifax Reward Current Account

£5 month/ No interest

Requires pay in at least £1,000 month

APPLY HERE

·        Lloyds TSB Vantage Current Account

Tiered interest upto 4% on £7,000

Requires pay in at least £1,000 month

APPLY HERE