Compare Packaged Current Accounts

Packaged current accounts offer the usual day-to-day banking services alongside a range of additional benefits.
Benefits vary between accounts but may include breakdown cover, travel insurance, retail offers and more.
Compare up-to-date information on account features to find your ideal package current account.

4 products found

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Nationwide FlexAccount
Monthly Fee
Free

Interest Rate
0%

Arranged Overdraft Rate
39.9%

Minimum Monthly Credit
None
See Deal More info
Product Features
- In-credit interest
- Freedom to bank how you want; online, in branch or over the phone
- No monthly account fee for maintaining the account
Eligibility / Restrictions
- Must be a UK resident
- Must be at least 18 years of age
Representative Example: If you use an arranged overdraft of £1,200, you’ll be charged the equivalent annual rate of 39.9% EAR (variable). Representative APR 39.9% (Variable)
Nationwide FlexPlus
Monthly Fee
£13

Interest Rate
0%

Arranged Overdraft Rate
39.9%

Minimum Monthly Credit
None
See Deal More info
Product Features
- UK & European Breakdown and Recovery Assistance
- Worldwide family travel and mobile phone insurance
- Arranged overdraft available
Eligibility / Restrictions
- Must be a UK resident
- Must be at least 18 years of age
Representative Example: If you use an arranged overdraft of £1,200, you’ll be charged the equivalent annual rate of 39.9% EAR (variable). Representative APR 39.9% (Variable)
Santander 1|2|3 Current Account
Monthly Fee
£5

Interest Rate
0.60%

Arranged Overdraft Rate
39.94%

Minimum Monthly Credit
£500
See Deal More info
Product Features
- Earn up to 3% cashback every month on selected Household bills paid by Direct Debit, capped at £5 for each cashback tier each month
- Manage your account online or via mobile app
- Get access to a range of 123 offers
Eligibility / Restrictions
- To be eligible you must pay a minimum of £500 into your account each month; have 2 active Direct Debits and be over 18 years and live in the UK permanently
- There is a £5 monthly fee for maintaining the account that will automatically be taken from your account each month
Representative Example: If you use an arranged overdraft of £1,200, you'll be charged the equivalent annual rate of 39.94% EAR (variable). Representative APR 39.94% (variable).
Santander 1|2|3 Lite Current Account
Monthly Fee
£2

Interest Rate
0%

Arranged Overdraft Rate
39.94%

Minimum Monthly Credit
£500
See Deal More info
Product Features
- Earn up to 3% cashback every month on selected Household bills paid by Direct Debit, capped at £5 for each cashback tier each month
- Manage your account online or via mobile app
- Get access to a range of 123 offers
Eligibility / Restrictions
- To be eligible you must pay a minimum of £500 into your account each month; have 2 active Direct Debits and be over 18 years and live in the UK permanently
- There is a £2 monthly fee for maintaining the account that will automatically be taken from your account each month
- Log onto Online or Mobile Banking at least once every 3 months. You accept that this is a paper-free account, so documents, statements and some letters will be sent to your secure inbox in Online Banking
Representative Example: If you use an arranged overdraft of £1,200, you'll be charged the equivalent annual rate of 39.94% EAR (variable). Representative APR 39.94% (variable).

Please note: Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

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Packaged Bank Accounts FAQs

What is a packaged bank account?

Packaged bank accounts are usually bank accounts that come with a variety of added ‘extras’ and charge a monthly fee to customers. The extras included in packaged bank accounts are usually insurance products and they can also include ‘perks’ such as interest-free overdrafts or low-cost foreign currency when travelling abroad.

Each packaged account offers different extras, so it’s important to check the details and the exclusions with your provider.

What extra services do packaged bank accounts offer?

This varies widely between accounts, but some of the extras that are often offered through packaged bank accounts include:

Breakdown cover
Travel insurance
Mobile phone insurance
Interest-free or low-interest overdrafts
Discounts on foreign exchange services
Cashback offers on transactions

Do check the level of cover for the insurance products and the exclusions or conditions on the ‘perks’. Some packaged accounts only offer things like cashback for people that fulfil certain criteria, such as never using an overdraft or paying in a minimum monthly amount.

Would I benefit from a packaged bank account?

Whether you would actually be better off taking out a packaged bank account is not always easy to calculate. The best way to check is by totting up the value or savings made through the extras offered and seeing if they are worth the total paid each year in fees.

Who might benefit from a packaged account?

People who travel internationally with their family may find the travel insurance offered with a packaged account is convenient, while those with expensive mobile phones may appreciate the phone cover. If you drive as well, you could benefit from the breakdown cover product offered. However, it is unlikely that you would make savings financially unless you actually use these insurance products regularly.

If you are interested in a packaged bank account because of the insurance products, take time to check that they offer you the level of cover you require. Also, check that you are not already covered by other policies you have taken out.

Claims made on the insurance products also often carry excess charges, which can be expensive, so this is worth checking as well.

Can anyone take out a packaged bank account?

You will usually have to pass a credit check to be offered a packaged bank account and you will also have to pay the monthly fee charged to the account.

I think I was mis-sold a packaged account, can I make a claim?

You may be able to make a claim against your packaged account provider if you feel you were mis-sold the product when you first opened the account. Some people feel they were sold the products dishonestly or made to feel they had no choice. Others were sold accounts offering perks they could not avail themselves of, as they were too old to claim, for example.