March 2025’s current account news & offers 

March’s present account affords

Newest financial institution switching offers

The newest deal is from Lloyds is for £175, plus you get entry to a fixed 6.25% regular saver and a way of life profit reminiscent of free Disney+ with adverts or six cinema tickets.

Co-op Bank has additionally returned. You get £75 for switching and one other £75 when you maintain the account and make 10 debit card transactions and have two direct debits pay out every month for the primary three months. There’s additionally a variable 7% common saver.

Nationwide is offering £175 for a private account and one other £175 for a joint account change, so a pair may probably get £525.

First Direct’s switching offer can also be for £175. Don’t neglect you may entry a 7% regular saver with this financial institution.

When you’re actually fast, the day we publish this text (27 February) is the final date to start out the change with TSB for up to £190 and a freebie.

There was no signal of a suggestion from Natwest, a change from 2023 and 2024 once they launched offers mid-February.

Virgin Cash affords £25 for youths account

When you’re a guardian with a Virgin Cash account you may open up a M Power account for kids aged 11 to fifteen and get a £25 credit score added.

You could do that for them by 5 March 2025 and add not less than £1 earlier than 12 March 2025. The money will probably be added by the tip of March.

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March’s present account information

Membership Lloyds price to extend

From 2 June 2025 the price for the Membership Lloyds account will enhance from £3 a month to £5 a month. Nonetheless, nobody ought to be paying this since there’s a easy approach to cancel it out. You simply must deposit £2,000 into the account every calendar month. This cash doesn’t should be in a single go or keep within the account, so you can even put the identical £100 out and in 20 instances when you needed!

One other change is that from 14 April 2025 you need to use the Membership Lloyds card overseas for spending and cashwithdrawls and not using a cost.

Barclays outage points

Between 31 January and three February, Barclays clients might need discovered technical points stopped cash stepping into or out of their account. Clearly that was an issue for lots of people, notably those that won’t have gotten their pay or had massive bills to cowl. When you had been affected, notably if it price you cash in costs or charges, then be sure you speak to Barclays about getting that cash again.

However it’s additionally one other reminder to not keep all your cash in a single bank account. On the very least have two, if not a handful extra.

Extra financial institution closures introduced

After a brief lull, the banks are again with bulletins of extra closures in 2025. We’ve coated them in these articles so you may see in case your native department is affected:

Zopa extends beta trial of recent account

Again in November I advised you about Zopa’s new current account which was accessible to some Zopa clients when you joined a waitlist. Effectively evidently regardless that it’s not been formally launched, the beta trial is open to extra individuals now, if not everybody.

One of many members of our Facebook community spotted an advert on social media for the account, and was capable of apply straight after downloading the Zopa app.

The options proper now consists of

• 7.5% common saver
• 2% curiosity on in account balances
• 2% cashback on direct debits as much as £1,500 a yr.

Clearly the providing may change earlier than it’s full launched, however we’ll do a full overview when it’s.

Nationwide Fairer Share bonus deadline

Only a fast reminder that if the eligibility phrases for a attainable £100 bonus from Nationwide are the identical this yr because the earlier two (we’ll discover out in Could), then you must take specific actions to trigger the reward in two months out of January, February and March 2025, and add financial savings in March.

Buying and selling 212

Although the Trading 212 card affords simply 0.5% cashback on spending, you can mix it with incomes an honest fee of curiosity on the account stability – making it one thing to think about when you needed all the things in a single place. Effectively now the spending needed to come from a separate pot, so that you’ll have to maneuver money over to entry it.

HSBC closes Zing app

From 2 April 2025 current clients will not have the ability to use the cash switch and abroad spending card and app Zing. It’s already closed for brand new purposes.

When you’ve any cash in an account, be sure you switch it out elsewhere ASAP. There will probably be no cost for changing different currencies into kilos. You’ll nonetheless have the ability to do that, or spend with the cardboard, till 21 Could 2025.

The app itself will absolutely shutdown on 22 Could 2025, although you may manually shut it earlier if you’d like.

First Direct switches to Mastercard

First Direct clients ought to maintain a watch out for a brand new debit card within the coming months because the financial institution is switching it’s card issuer from Visa to Mastercard. The outdated card will cease working after 30 days.

First Direct clients lose HSBC entry

From 9 April 2025, First Direct clients will not have the ability to use the self-service machines in HSBC branches as they gained’t settle for the brand new FD debit playing cards which can be being issued.

This department entry was a useful approach to pay in money since FD is on-line solely. You’ll now have to talk to a member of workers to do that, or you need to use a Put up Workplace.

Our high present accounts for March 2025

I at all times suppose it’s value having multiple present account (find out why here) and right here’s my run-down of the highest accounts to have this month.

1. Finest account for on a regular basis banking / app – Starling (review)
2. Finest account for on a regular basis spending – Chase (review)
3. Finest account for payments – Santander Edge (review)
4. Finest account for rewards – Halifax Reward (review)
5. Finest account for financial savings curiosity – Santander Edge (review)