What extras can you get?

Packaged and premier accounts come with one or more benefits, which can include financial products like:

Some also include features like VIP travel packages or your own account manager at your bank. Here is what you can get with a packaged current account.

Are packaged accounts worth it?

The right packaged current account can be cheaper than buying the benefits it offers separately. You can also cover several of your financial needs with just one account.

However, they can cost you more if the benefits are unsuitable or too expensive, so check:

  • The fee costs less than buying the extra features separately

  • It offers benefits you will use

  • You do not already have the benefits it offers, e.g. you already have home insurance

  • Any insurance products would pay out if you needed to claim

  • It offers all the other banking features you need, e.g. an overdraft or online banking

Check how much the benefits are worth

Add up how much it would cost to buy each of the benefits you want separately. Compare this to the how much each packaged bank account costs each year, which you can work out by multiplying the monthly fee by 12.

The right packaged current account can work out cheaper than buying the benefits it offers separately.

Where to find a packaged account

You can use this comparison to find every bank account in the UK that comes packaged with extra benefits.

You have to pay a monthly fee for a packaged current account. This comparison includes details for each account of:

  • The monthly fee

  • Other requirements to hold the account, e.g. paying in at least 500 per month

  • The overdraft it offers

  • The interest rate you can earn on your balance

Packaged bank accounts FAQs

Q

Are packaged account fees charged annually or monthly?

A

They usually take their fees from your account on a set day each month.

Q

Can I have more than one premium current account?

A

Yes, although many banks only let you hold one current account with them. Too many accounts could also harm your credit record.

Q

Can I earn interest on my account?

A

Some accounts pay interest on your balance, and this comparison shows what rate each one pays. Some come with a separate savings account too.

Q

Can I reclaim my packaged account fees?

A

Only if your bank mis sold the account to you, e.g. they did not tell you about the fees. You can reclaim them by complaining to your bank.

Q

Could I get a free bank account with benefits?

A

These packaged accounts all charge fees, but some free bank accounts offer cash for switching, an interest free overdraft or interest on your balance.

About our current accounts comparison

Q

Who do we include in this comparison?

A

We include every personal current account in the UK. They are all regulated by the Financial Conduct Authority (FCA). Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.