The Top 3 Packaged Bank Accounts
Some bank accounts include a range of services such as travel insurance, mobile phone insurance and car breakdown cover. Some banks and building societies charge a monthly fee for some or all of these extra benefits and some do not charge anything at all. These accounts can be a great way to get such insurances cheaper than you could get via a specialist third party but only if you really need it and use it. Below we list the top 3 Packaged Bank Accounts, from the famous High Street names, based on the account benefits and the overall quality of them. This will help you gauge whether or not it is worth it.
1 Nationwide Flex Account
If you are a frequent traveller then this account could be the best one to match your requirements. The account has no monthly fee, it comes with FREE European Travel Insurance.
This is a reasonably comprehensive policy that covers you up to the age of 75. It provides the flexibility to upgrade for worldwide cover and family cover. To qualify you simply need to pay in to the account a total £750 or more a month for at least three months.
2. Nationwide Flex Plus Account
If you are looking for high-end worldwide travel insurance up to the age of 75 alongside mobile insurance for the whole family and UK and European car breakdown cover then look no further. If paying an account fee does not bother you and if you will use the features this really is a cracking deal. The fee is only £10 a month, which if you use these features, is still a whole lot cheaper than using third party specialists.
3. HSBC Premier Account
This again is an excellent account for those who travel worldwide and want FREE travel insurance. Their travel insurance covers the whole family up to the age of 70 and unlike other insurances it covers winter sports too. Whilst the account is FREE, you must meet a threshold which is that you must hold a balance in your account of £50,000.00 or pay in a gross salary of £100,000 or more.
It’s important to remember that the above accounts can be great value for money and offer an excellent range of insurances only if you use it. If not, it can be a waste of money.