NatWest, Lloyds, and Santander Customers May Get £400 Extra Payments as a Bonus. There is an opportunity that the NatWest, Lloyds, and Santander customers will get an extra bonus payment of £400. The building society has confirmed that more than four million members will get the bonus payment in the latest round of its Fairer Share Payment. There are a few steps that the new and existing customers need to perform to receive the bonus payment. To know more about the topic “NatWest, Lloyds, and Santander Customers May Get £400 Extra Payments as Bonus,” read the complete article.
NatWest, Lloyds, and Santander Customers May Get £400 Extra Payments as Bonus
There are some particular banks that are offering customers incentives for switching their accounts. The consumer champion website Money Saving Expert (MSE), founded by financial guru Martin Lewis, has mentioned six banks offering the most attractive switch bonus at present. Some offer a simple cash bonus, others higher interest on savings, or even cashback on everyday spending. To understand which one you want to choose for switching, you must learn in detail about the offers provided by the bank.
The offer from the building society may interest customers with the likes of Nationwide, Lloyds, and Natwest, who may consider switching to get a better deal and grow their cash more quickly. Someone putting £10,000 into an account would earn £400 in interest when the account matures in July 2026. Yorkshire has also launched a number of other long-term saving options for those willing to put money away over a long period.
They include:
- 4.05% two-year fixed rate bond
- 3.80% three-year fixed rate bond
- 3.70% five-year fixed rate bond
- 3.75% one-year fixed rate cash ISA
- 3.80% three-year fixed rate cash ISA
Savers are motivated to hunt around for the best deals to guarantee they are making the most of their money.
NatWest
The NatWest Reward Account calls for a minimum pay-in of £1,250/month (equivalent to a £16,000 annual salary). The Service Rating is 58% ‘Great’ and 14% ‘Poor.’ The time frame for the NatWest payout is 6th December. The bank’s offer comprises a £180 direct bonus, an additional £36 annual cashback, and a substantial 6.17% interest on its linked regular saver.
You can earn £5 each month, while a £2 fee will give you a net cashback of £3 every month. This means you could have an extra £216 in your pocket after the first year just by using it as your main account.
Lloyds
Lloyds demands a minimum pay-in of £2,000/month (equivalent to a £28,500 annual salary). It has a service rating of 54% ‘Great’ and 16 ‘Poor.’ The payout deadline is 4th December. Lloyds could be perfect if you’re seeking a premium upfront offer. You’ll receive £200 immediately, but to access this, you are required to meet the hefty £2,000 monthly pay-in requirement. Besides the cash, you can select perks like 12 months of Disney+ or six cinema tickets. While the £28,500 salary prerequisite might not fit everyone, it is one of the biggest cash bonuses accessible at present.
Santander Edge
Santander Edge provides an easier, more trustworthy, and stress-free way to switch your current account using the Current Account Switch Service. Less than 60 days after submitting your first switch request, you’ll need to complete the full switch, have at least 2 active selected household Direct Debits and pay £1,500. This offer is not valid if you had a current account with Santander on 1 January 2025 or if you have earlier received a Santander switcher incentive.
View Point of Aaron Peake
Aaron Peake, personal financial expert at free credit score app, said, “I think it’s fair to say this move from Nationwide will put pressure on other banks to show their loyalty too.” He said, “If one or two start doing it, it could spark a new trend in loyalty bonuses, or at least seasonal one-offs. But we should not expect them all to suddenly hand over money. Traditional banks like Barclays, HSBC, Lloyds, and NatWest are more likely to compete through switching incentives rather than paying out to existing customers.”
He explained, “Sometimes these offers come with hoops to jump through, like having to pay in a set amount each month or setting up a minimum number of direct debits.” “You should also check what ongoing benefits the account offers, like cashback, interest on your balance, or fee-free overdrafts. A one-off bonus is nice, but it doesn’t always mean better value long-term.”