Compare Reward Bank Accounts

Abbey’s Reward Bank Accounts include all the great features of an Abbey Bank Account, but are packed full of insurance, assistance and leisure benefits helping to save you time and money. For just £10 or £15 per month you can enjoy annual benefits of up to £790.

For a limited time only, we are offering the Reward Bank Account for half price for the first three months, so your monthly fee will be just £5. But you’ll need to hurry – this offer ends on the 13 December 2009.

There are three great accounts for you to choose from, which have been designed to suit your lifestyle .

If you currently hold a Preferred In-Credit or Preferred Overdraft Abbey Account, you can upgrade to a Reward, Family Reward or Travel Reward Bank Account via a short and simple upgrade form.

But if you don’t, you can apply online now for our Reward Bank Account.

Abbey’s Reward Bank Accounts include all the great features of an Abbey Bank Account, but are packed full of insurance, assistance and leisure benefits helping to save you time and money.  For just £10 or £15 per month you can enjoy annual benefits of up to £790.

For a limited time only, we are offering the Reward Bank Account for half price for the first three months, so your monthly fee will be just £5.  But you’ll need to hurry – this offer ends on the 13 December 2009.

There are three great accounts for you to choose from, which have been designed to suit your lifestyle.

Compare the Reward Bank Accounts

Great rates of interest
Our Reward Bank Account pays 6.00% AER (fixed)/5.84% gross (see note 1) on balances up to £2,500 for 12 months, when you credit £1,000 each month.

After this time, you will benefit from a great rate of 1.00%gross/AER (variable) (see note 1) on balances, up to £2,500 when you pay in £1,000 per month.

You will also benefit from a fantastic overdraft rate, typical 12.9% EAR (variable) (see note3).

Our Travel and Family Reward Bank Account pays 5% AER (variable) (see note 1) on balances up to £2500 for 12 months, when you pay in at least £1000 each month.

After this time, you will benefit from a great rate of 2.5% AER (variable) (see note 1), on balances up to £2500 when you pay in at least £1000 a month.

Note 1 AER stands for Annual Equivalent Rate and shows what the interest rate would be if we paid interest and added it to your account each year. The gross rate is the interest rate we pay before income tax is taken off.

Note 2 Half price monthly fee offer: Customers who open a Reward Bank Account between 9 November  2009 and the 13 December 2009 will benefit from a half price monthly fee of £5 until 14 March 2010.  After this date customer’s monthly account fee will increase to £10.

Note 3 EAR stands for Effective Annual Rate and represents the annual cost of an overdraft, which takes into account how often interest is charged to the account, and does not include any other fees or charges

Account Benefits

£100 interest-free overdraft (depending on your circumstances)

We’ve made the first £100 of your advance overdraft completely interest-free (subject to status). This means you only start paying interest once you go over £100.

Personal loan deals
We give you access to great personal loan rates at Abbey.

Commission-free travel money
We will give you commission-free travel money at great rates (which are updated each day) and in a wide range of currencies. We’ll also deliver it direct to your door free of charge, giving you one less thing to do before you go. Minimum order of £300.

Annual worldwide family travel insurance
Wherever and whenever you travel, you can now enjoy the peace of mind that comes with being completely covered. This policy gives you and your family worldwide insurance each year with winter sports. You’re covered for cancelling your trip, cutting your trip short, missing your transport, personal accident, medical-emergency expenses, personal property, losing your passport or driving license, personal public liability, travel delay, legal costs, winter sports, and golf cover.

A £50 supplement is required for travel insurance cover to continue beyond age 65. Wintersports cover is not available after the age of 65.

Green Flag Car breakdown (UK)
With both UK Roadside Assistance and Homecall included, you can drive with confidence wherever you are in the UK.

Green Flag car breakdown (Europe)
If you break down in Europe, we will arrange for help at the roadside. If necessary, you and your vehicle will be towed to the nearest suitable repairer

Card loss assistance
Losing your cards can be a big worry, but one call to our card protection line will help put your mind at ease. Call us and we will cancel any of your debit, credit, charge, store and other cards for you. If your cards have been lost or stolen we will ask the card issuers to send you replacements. And if you need it, we will even arrange to send you some emergency cash.

Key Protection
If you need your keys and locks replacing in an emergency, we will cover your costs up to £500. We’ll also give you help finding a locksmith in an emergency if you can’t enter your home, office or vehicle. If your keys are accidentally locked inside or broken in the lock, we’ll cover up to £50 for each incident for locksmiths’ costs.

Identity Theft protection
If you become a victim of identity theft, we will provide up to £50,000 of legal cover to help you reclaim your identity. You will have access to a confidential helpline and a case worker. And, Experian will monitor your credit file and send you free text alerts and internet monitoring.

Mobile phone insurance
We will give you up to £300 of cover if your mobile is lost, stolen, damaged or breaks down while it is being used by you or up to two authorised users. We’ll also cover you for any unauthorised calls made from your mobile, up to a value of £1000. If you have a joint Travel Reward Bank Account, your policy covers two handsets

Gadget insurance
We will cover you for up to three portable electronic devices with a combined value of £1,000 for theft, breakdown and damage for as long as they are being used by you or up to two authorised users

Online will-writing service
Our online service takes all the hassle out of writing and updating your will. The service first helps you to choose the right will for your circumstances. It then gives you the support you need to complete it. Your will then goes to our expert legal team, so you have the added reassurance that it has been professionally reviewed.

Legal advice
High-quality legal advice can be both costly and hard to find. So it’s comforting to know our team of expert lawyers is on hand to answer any legal questions you may have. Whether you need advice on a dispute or other matters to do with your home, family, job or other areas of daily life, they will treat your call as confidential.

Leisure, holiday and retail discounts
We’ve put together some great offers on hotels and restaurants around the UK, as well as some great retail discounts, so you can treat yourself and your family for less.

You will also be able to enjoy some unforgettable days out, with two admissions for the price of one on hundreds of fantastic days out across the UK.

Package holiday discount
We will give you £50 off your next holiday when you book through Concepts Travel.

Airport lounge access
Airport Angel takes the stress out of flying. With access to 300 airport lounges around the world for the primary account holder, you can escape the crowds and relax before boarding. You’ll also receive helpful texts to keep you updated on the status of your flight. Applicable to main account holder only.

Lost and found luggage service
To help keep tabs on your luggage during your journey, we can give you a set of coded labels for your luggage and other possessions. If someone then finds your items, they can use the details on the label to contact us. We will then get in touch with you so that you can get your possessions back.

How we work these savings out
The table below shows how we have worked these savings out for each benefit.

* There are exclusions which apply to some of these products. Please make sure that you read the important account information for more details (go to Reward, Family or Travel).