Several UK banks and financial services providers are offering new customer bonuses for savings accounts in 2026.
Key Savings Account Offers
Raisin offers a £150 welcome bonus to new customers. To qualify, users must register via the code OCT150, open a fixed-rate bond with a minimum term of two years, and deposit at least £15,000 by 14 November 2026.
The first £10 is paid within 10 days of deposit, and the second £5 within 10 days of the end of the holding period.
Barclays offers up to £600 in bonus cash for transferring an existing ISA. The reward depends on the amount transferred and whether the customer holds a Barclays Premier Current Account. The bonus is paid into the customer’s current or Premier Current Account within 60 business days after the offer ends. Eligibility requires a gross annual income of at least £75,000 or a total balance of at least £100,000 in eligible investments.
iFast offers a cashback bonus of up to £500 for deposits into a fixed-rate cash ISA. The bonus increases with the amount saved: £100 for deposits between £20,000 and £84,999, £250 for deposits between £85,000 and £99,999, and £500 for deposits of £100,000 or more. The account pays 4.2% interest on a 12-month fixed term. A £20,000 deposit, for instance, yields £100 in cashback, resulting in an effective annual rate of 4.7%.
Santander offers up to £400 in hotel vouchers for transferring an ISA. The offer has no stated end date.
Chase provides a 4.5% savings account for new customers. Cahoot offers £25 cashback and a 5% bonus. Snoop offers 4% interest and a £5 Amazon voucher.
How to Evaluate These Offers
Always compare the total return — not just the bonus — to the standard interest rates available. Add the bonus to the interest earned over the year and compare it to the best standard rate on the market.
Check the conditions carefully. Some offers require specific account types, minimum balances, or time periods. Others have strict eligibility rules, such as income thresholds or balance requirements.
Watch out for short introductory rates. These often drop after a few months. A bonus may look attractive at first, but the rate may fall to a lower level after the introductory period ends.
Ensure the account is protected by the Financial Services Compensation Scheme (FSCS). All UK savings accounts must be FSCS-protected, but it’s worth confirming.
Why This Matters
Sign-up bonuses can boost returns above standard rates. However, they are often temporary and may not offer long-term value. Consumers should assess whether the total return exceeds what they could earn in a standard savings account.
These offers are best evaluated with a clear understanding of the full terms and realistic expectations about interest performance over time.
For more on current savings account deals, see the original source at Be Clever With Your Cash.
Sources & further reading
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