Best Packaged Bank Accounts in the UK

Most packaged bank accounts sell themselves on one big number. Revolut says Ultra comes with "over £9,000 in annual benefits". NatWest puts Reward Platinum at £1,685 a year. Both figures lean heavily on things most people would never pay for on their own.

So we compared the UK's packaged and premium bank accounts on the things households buy anyway: travel insurance, breakdown cover, phone cover and cashback. App subscriptions, GP services and cinema tickets still get a mention, but they don't move anyone up the table.

We count down from 10 to 1. The account with the biggest headline number didn't make the top 10, and our number one isn't a packaged account in the usual sense.

What is a packaged bank account?

The Financial Ombudsman Service defines a packaged bank account as "a current account that charges a monthly fee". In return, you get a bundle of extras: usually travel insurance, breakdown cover and phone insurance, and sometimes cashback or subscriptions. You'll also see them called premium, reward or "gold" accounts.

The question is always whether the bundle is worth more than the fee. That comes down to two things: whether you'd buy the cover anyway, and whether you can actually claim on it.

How we compared packaged bank accounts

Every account gets one score: cashback + insurance − the annual fee. We call it the essentials score. The higher it is, the more you get back on things you'd be paying for anyway.

• Cashback. We used a model household that pays £1,000 a month of bills by Direct Debit and spends £1,000 a month on the debit card. It meets the usual pay-in and Direct Debit rules.

• Insurance. Every bank's cover is priced the same way, using average annual quotes from Consumer Intelligence's July 2025 study. Worldwide travel for under-71s comes out at £544.47, under-80s at £561.62 and Europe-only at £161.15. Breakdown runs from £71.16 (roadside only) to £94.08 (with home start and national recovery), and phone cover is £100.30.

• Fee. We use the cheapest way to pay, so annual billing and any refunds earned. Where an account has conditions, we show what happens if you miss them.

• Extras. Subscriptions, lifestyle perks and GP apps are listed at the bank's own valuation, but they don't count towards the score.

Those insurance figures are market averages. Your own quote could be a lot higher or lower, especially if you're older or have a medical condition.

Just missed the top 10: Revolut Ultra

Fee: £595 a year (£60 a month) · Cashback: £60 · Insurance: £544.47 · Essentials score: +£9.47

If this list were about the biggest pile of stuff, Ultra would win easily. Revolut values its 16 partner subscriptions at £4,000 a year. Add lounge access, 3GB of eSIM data a month and £10 a month of Laundryheap credit and the extras come to £4,293.64.

The problem is who actually uses all that. The list includes FT Premium Digital, MasterClass and three WeWork days a month. When we priced the nine subscriptions that have a clear UK price, they came to £2,564.70, and WeWork and the FT made up about £2,000 of it.

Take the extras away and Ultra barely covers its own fee. RevPoints earn about £60 a year on £12,000 of card spending, valued at 0.5p each. The travel insurance is genuinely good: £10m of medical cover, cancellation cover, belongings up to £1,000 and trips of up to 90 days. But it only applies if you paid at least 75% of the trip's travel and accommodation with Revolut, and nobody aged 76 or over is covered. There's no breakdown or phone insurance.

Revolut put the price up from £55 to £60 a month for new customers on 14 October. Existing subscribers move on 19 December. Here's our coverage of the price rise.

Who it suits: frequent flyers and remote workers who already pay for several of the included subscriptions. Full details on our Revolut Ultra page, or compare Revolut's other plans on our Revolut page.

The 10 best packaged bank accounts, from 10 to 1

10. NatWest Reward Silver

Fee: £144 a year (£12 a month) · Cashback: £48 · Insurance: £261.45 · Essentials score: +£165.45

Reward Silver is a cheap NatWest packaged account for one person who holidays in Europe. The travel insurance covers the UK and Europe only, for you and any joint account holder, on trips of up to 22 days (winter sports included). If you're 70 or over, you pay a £100-a-person yearly premium on top. There's no breakdown cover.

Phone cover is solid: handsets up to £2,500, a £50 repair or £100 replacement excess, and one claim in any 12 months. You also get £4 a month in MyRewards for having two Direct Debits of £2 or more.

NatWest adds a 24/7 virtual GP with up to six mental-health appointments a year (it values this at £180), one 3GB travel eSIM a year with discounted lounges, airport dining and spa (£85), and a tastecard. NatWest says the package is worth £561 a year, but that figure uses its own insurance prices.

Who it suits: existing NatWest customers who travel in Europe. You can't open Reward Silver directly; you open a Select or Reward account first and then upgrade. NatWest's £200 switch offer is on the Reward account. Full details on our Reward Silver page and NatWest page.

9. Revolut Metal

Fee: £165 a year (or £16.99 a month) · Cashback: £30 · Insurance: £544.47 · Essentials score: +£409.47

Metal is great for a few people and fine for most. Revolut values its 14 partner subscriptions at £2,200 a year. Nine have a clear UK price, and together they come to £1,320.82. FT Standard Digital (£369) and one WeWork day a month (£480) make up most of that. Laundryheap credit adds £10 a month, but only in London, Birmingham, Manchester and Edinburgh.

The cashback is thin. You earn one RevPoint per £2, so £12,000 of card spending gets you 6,000 points, or about £30 at 0.5p each. They're worth more if you convert them to airline miles.

The travel insurance has the same catch as Ultra's: at least 75% of the trip's travel and accommodation has to go on Revolut. When it applies, you get £5,000 of cancellation cover, £10m of medical cover, belongings up to £1,000 and trips of up to 30 days, up to age 75. Family members aren't covered if they travel without you. There's no breakdown or phone insurance. If you pay monthly and book your trips elsewhere, the essentials score drops to −£173.88.

The monthly price went from £14.99 to £16.99 for new customers on 14 October, and existing subscribers move on 19 December.

Who it suits: people who book trips with Revolut and would otherwise pay for the FT, ChatGPT or NordVPN. Full details on our Revolut Metal page. Our guide also asks whether Revolut should be your main bank.

8. Club Lloyds Platinum

Fee: £270 a year · Cashback: £0 · Insurance: £756 · Essentials score: +£486

Club Lloyds Platinum costs £22.50 a month plus a £5 Club Lloyds fee. The £5 is refunded in any month you pay in £2,000 or more. Miss that and you're paying £330 a year.

The travel insurance suits older couples. You're covered up to 80, and your partner stays covered until they turn 80 as long as you're under 80. You get £10m of medical cover, £5,000 of cancellation cover and £2,500 for baggage (£500 of it for valuables), on trips of up to 31 days with some winter sports.

The AA breakdown cover follows the people, not the car. Account holders and family members are covered as driver or passenger, with roadside help, home start and national recovery. Phone insurance covers one phone on a sole account or two on a joint one, up to £2,000 with a £100 excess.

The Club part gets you one Lifestyle Benefit a year: six cinema tickets (Lloyds values these at £86), a magazine subscription (£75), Disney+ (£72) or coffee and dining offers (£60). There's also credit interest, at 0.75% AER on up to £3,999.99 and 3% on £4,000 to £5,000. Hard to get excited about.

One thing to watch: Lloyds is changing its travel and phone cover on 1 December 2026, and the details are only in a guide you get when you apply.

Who it suits: couples up to 80 who pay in £2,000 a month and travel worldwide. If you can't hit the pay-in, plain Lloyds Platinum has the same insurance for £22.50 a month with no Club fee. The £200 Club Lloyds Platinum switch offer runs until 9 December 2026. More on our Lloyds page.

7. Monzo Max

Fee: £228 a year (£19 a month) · Cashback: £0 · Insurance: £727.78 · Essentials score: +£499.78

Monzo Max just got pricier. It's now £19 a month, up from £17, for new customers since 13 August and for existing customers from their first billing date on or after 14 October. At that price it needs to deliver, and it only really does on insurance.

The travel cover, from Zurich, is for the plan holder only, up to age 70, with £5,000 of cancellation cover, £10m of medical cover and £750 for baggage. Breakdown covers the UK and Europe, with home start, onward travel and vehicle recovery. Phone insurance is worldwide and covers loss, theft and accidental damage, including accessories.

Monzo values its partner perks at "over £300 a year": an annual Railcard (£35, if you qualify for one), Uber One (£49.99), YouTube Premium Lite (£7.99 a month), a weekly Greggs treat and a monthly Vue ticket. The three with a fixed price add up to £180.87.

For £4 a month more, Max Family extends the travel, phone and breakdown cover to your family. You need to be 18 to 69 to apply, and there's a three-month minimum.

Who it suits: solo travellers who'd actually use the Railcard and Uber One. Full details on our Monzo Max page and Monzo page.

6. NatWest Reward Platinum

Fee: £276 a year (£23 a month) · Cashback: £48 · Insurance: £738.85 · Essentials score: +£510.85

For £11 a month more than Silver, Reward Platinum turns a Europe account into a worldwide family package. Travel cover is worldwide for you, your partner and your children, on trips of up to 31 days with winter sports. Over-70s pay £100 a person a year extra.

AA breakdown includes roadside help, home start, national recovery, onward travel and Accident Assist. Family phone cover has a £50 repair or £100 replacement excess. You also get £4 a month in MyRewards.

The standout extra is health. The 24/7 virtual GP covers the whole family, and adults get up to six mental-health and six physio appointments a year. NatWest values that at £600. The travel eSIM goes up to 5GB. NatWest's headline figure of £1,685 a year uses its own insurance prices plus that £600.

Who it suits: NatWest families who travel worldwide and would use the GP service. It's an upgrade for existing NatWest customers; the £200 switch offer is on the Reward account. Full details on our Reward Platinum page.

5. Nationwide FlexPlus

Fee: £216 a year (£18 a month) · Cashback: £0 · Insurance: £738.85 · Essentials score: +£522.85

No cashback and no perks. FlexPlus is Nationwide's only packaged account, and it's a straightforward insurance bundle. Worldwide family travel insurance comes from Aviva, on trips of up to 31 days, with £10m of medical cover and £5,000 of cancellation cover. Pre-existing medical conditions need a separate quote from Aviva.

Breakdown covers the UK and Europe, with roadside help, home start, national recovery, onward travel and Accident Assist. Family phone insurance comes from Assurant, with a £30 to £100 excess depending on the handset and the type of claim. There are no Nationwide charges for using the Visa debit card abroad.

Then there's the Fairer Share Payment. Nationwide is paying £100 to eligible members in 2026. You need a qualifying current account plus Nationwide savings or a mortgage, and the payment isn't guaranteed, so we haven't counted it. If you do get it, FlexPlus effectively costs you £116 that year.

Who it suits: families who want travel, breakdown and phone cover in one bill, and anyone who still likes having a branch nearby. Nationwide is offering £175 to switch to FlexPlus. Full details on our FlexPlus page and Nationwide page.

4. Virgin Money Club M Account

Fee: £168 a year (£14 a month) · Cashback: £0 · Insurance: £738.85 · Essentials score: +£570.85

Club M is a plain account, but the price is right for the cover. Worldwide family travel insurance covers adults under 75 and up to four children, with £5,000 of cancellation cover abroad (£2,000 for UK trips), £10m of medical cover, £1,500 for baggage and trips of up to 31 days.

Green Flag breakdown includes roadside help, home start and recovery to any UK destination, and covers Europe for up to 90 days. The phone insurance is phone and gadget cover: up to £2,000 a device, with a £25 to £75 excess. We only counted one phone in the score, so if you've got other gadgets to cover, it's worth more to you.

You also get 1% AER on up to £1,000 in the account and 1.75% on the Club M Saver. Don't count that as a perk. The Chase Saver pays 4.50%.

Who it suits: families with gadgets to cover as well as phones. There's no cashback, so pair it with a free account that pays some. Virgin Money is owned by Nationwide, so you can't get Nationwide's £175 switch offer by switching from Virgin Money. More on our Virgin Money page.

3. Co-op Bank Everyday Extra

Fee: £144 a year (£12 a month) · Cashback: £0 · Insurance: £756 · Essentials score: +£612

Everyday Extra is Co-op Bank's only packaged account, and Co-op cut its fee from £18 to £12 a month on 29 June 2026. A third off a bank fee almost never happens. At the new price, it's the cheapest way in this list to get worldwide family travel insurance, and it gives you more insurance per pound of fee than any other account here.

The travel cover comes from AXA and runs up to age 79. You get £5,000 of cancellation cover, £10m of medical cover and £2,500 for baggage (£250 for a single item and £250 for valuables combined), with no excess and trips of up to 45 days. RAC breakdown covers the UK and Europe, with recovery to any UK address and onward travel. Household phone insurance covers any family member at your address, on phones up to £2,000, with a £75 excess.

Co-op also scrapped its 2.75% foreign card fee, and it says the package is "worth over £640". You need to be 18 to 79 to apply, and there's a credit check. The bank plans to transfer to Coventry Building Society on 1 January 2027, subject to court approval, so the terms could change.

Who it suits: anyone who just wants good insurance for the lowest fee. Stack it with a free cashback account and you've covered both. Full details on our Everyday Extra page and Co-op Bank page.

2. Santander Edge Explorer

Fee: £204 a year (£17 a month) · Cashback: £240 · Insurance: £727.78 · Essentials score: +£763.78

With Santander's packaged account, the cashback does the heavy lifting. You get 1% back on household bills paid by Direct Debit (council tax, energy, water, phone, broadband and paid TV), capped at £10 a month. On top of that, there's 1% on essential spending with the card (supermarkets, travel, fuel, trains, buses and EV charging, but not flights), also capped at £10 a month. Max out both and that's £240 a year, which more than pays the fee.

The insurance is worldwide family travel cover from Chubb for under-75s, with £5,000 of cancellation cover, unlimited medical cover, £2,000 for baggage and a £75 excess. Partners and children are only covered on trips that include an account holder, whereas Nationwide's cover lets everyone travel independently. Breakdown includes roadside help, home start and recovery to the nearest garage or home. It covers named account holders in any vehicle, but it isn't family cover. Phone insurance covers up to four phones (£2,000 each), with a £75 repair or £135 replacement excess. There's also a 24/7 GP service for the family, which Santander doesn't put a value on.

Even if you earn no cashback at all, Edge Explorer still scores +£523.78.

If you save as well, the Edge Saver pays 6.00% AER on up to £4,000, including a 2.50% bonus for 12 months. You can also get it with the £3-a-month Edge account. Santander's Regular Saver pays 8.00% on up to £200 a month.

Who it suits: households that pay around £1,000 a month in bills, spend about the same on essentials and travel together. Full details on our Edge Explorer page and Santander page.

1. Chase Protect + Chase current account

Fee: £150 a year (£12.50 a month) · Cashback: £240 · Insurance: £715.93 · Essentials score: +£805.93

Our number one isn't a packaged account in the usual sense. It's Chase's free current account with the Chase Protect insurance bundle added for £12.50 a month, and there's no minimum term.

The free account pays 2% cashback on groceries, restaurants, cafés, takeaways, everyday transport, fuel and EV charging, capped at £20 a month. Spend £1,000 a month in those categories and that's £240 a year. To earn it, you need at least 15 card payments or Direct Debits a month and £1,000 or more in Chase savings accounts. Direct Debits don't earn cashback themselves.

Protect adds worldwide family travel insurance from Collinson, including the USA. It covers you, a partner who lives with you and up to four children, on trips of up to 31 days. You get £5,000 of cancellation cover, £20m of medical cover, £2,000 for baggage and an excess of up to £50. Pre-existing conditions need a paid upgrade. Phone insurance from Assurant covers you, your partner and your children at home, on phones up to £2,000, with a £50 to £100 excess and up to four claims a year.

The weak spot is breakdown. It's AA roadside repair or recovery to a local garage, UK only, with four call-outs a year. No home start and no national recovery.

One honest caveat: the cashback comes with the free account, so you'd get it without paying for Protect. Protect on its own scores +£565.93. That would still put it fourth, behind Santander, Co-op and Virgin Money. You need to be 18 to 69 to apply.

If you save with Chase too, the Chase Saver pays 4.50% AER and the Regular Saver pays 6.50% on up to £300 a month.

Who it suits: households that spend around £1,000 a month on food, eating out and transport, have £1,000 to keep in savings and want family travel and phone cover. Full details on our Chase current account page and Chase page.

Which packaged account should you pick?

Start with how you actually live, not with whichever account has the longest list of perks.

• You travel as a family and want good cover for the lowest fee: Co-op Everyday Extra. £12 a month, worldwide cover and no travel excess.

• You've got gadgets to insure as well as phones: Virgin Money Club M.

• Your household bills are big: Santander Edge Explorer. The 1% on bills is where it earns its fee back.

• Most of your spending goes on food, eating out and getting around: Chase with Protect.

• You're over 70: Co-op covers travel up to 79 for £12 a month. Club Lloyds Platinum goes up to 80, but costs more. Virgin Money and Santander only cover under-75s, and NatWest charges over-70s an extra £100 a person a year.

• You hardly ever travel: think twice about paying at all.

Don't forget the savings

If you're choosing between Santander and Chase, the savings accounts can tip it. The Edge Saver at 6.00% earns you £60 more a year on £4,000 than the Chase Saver at 4.50%. Remember that 2.50% of Santander's rate is a 12-month bonus.

For regular savers, it comes down to how much you can put away. Santander pays 8.00% on up to £200 a month and Chase pays 6.50% on up to £300. If you save £200 a month, Santander wins. If you can manage £300, Chase earns you more.

Don't pay for perks you won't use

Banks love to bundle subscriptions to make a monthly fee look like a bargain. If you wouldn't pay for airport lounges or Uber One on their own, they're not worth anything to you. That's why they don't count in our scores. Think about how you actually bank, then pick the account that fits that. It doesn't have to be our number one.

Best packaged bank accounts at a glance