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Top packaged bank accounts
Get £500+/yr of breakdown, travel & mobile insurance for £156/yr
Packaged bank accounts are the Marmite of banking – some love 'em, some hate 'em. They usually have a monthly fee but, used right, they can save you £100s off the cost of breakdown, travel and mobile insurance. Our guide will help you check if a packaged account is right for you, and then run you through the top-pick accounts.
Mis-sold a packaged account? Read Reclaim packaged bank account fees to see if you can get your money back.
Top-pick packaged bank accounts

There are a whole host of packaged bank accounts out there, but you have to be careful that the one you choose gives you value for money, especially if you're still driving less and taking fewer overseas trips.
All of our top picks offer similar cover in terms of the insurance policies themselves, so this isn't a strict ranking. Instead we look at who's covered by the insurance, then highlight the features of each account and suggest who it could be best for.
Do check what each account covers to make sure you pick the one that's right for your circumstances.
Virgin Money Club M - Monthly fee: £12.50 (£150/yr) - Minimum pay-in: None - Overdraft: 19.9%, 29.9% or 39.9% EAR variable |
Top pick packaged bank account for familiesThe Virgin Money Club M account offers family travel, breakdown and mobile phone cover, which also includes gadgets such as tablets and laptops. Equivalent policies bought separately would cost up to £500. Its travel insurance extends to age 74, though the breakdown cover is UK only.
It has the cheapest monthly fee of all our top picks and pays 2.02% interest on up to £1,000, which can offset some of the fee (though this rate can be beaten by the top savings). Key insurance info: See full 'what the insurance covers' info.
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Service rating: 78% 'great' Account info: - Monthly fee: £13 (£156/yr) - Minimum pay-in: None - Overdraft: 39.9% EAR variable |
Another good option for families, but without gadget coverNationwide's FlexPlus offers similar cover to Virgin Money's Club M account above, worth up to £500. Here, the whole family's phones are covered by the account, though gadget cover is not included. Its breakdown cover for account holders extends to UK and Europe. At £13/mth, it's slightly more expensive than Virgin, though Nationwide is rated much higher for customer service, so could be worth considering.
Key insurance info: See full 'what the insurance covers' info. |
Service rating: 49% 'great' - Monthly fee: £15 (£180/yr) - Overdraft: 35.9% EAR variable |
Good option for older travellers or couples
The Co-op Bank Everyday Extra provides travel insurance up to the age of 79 as standard (as always, declare any medical conditions) and offers up to £2.20/mth back in cashback if you jump through some hoops. If you can commit to this, it's then cheaper than Nationwide – though the mobile cover isn't for all the family, so is better suited to couples. We value the insurance at up to £400/year, based on similar policies. See full 'what the insurance covers' info.
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Service rating: 55% 'great' - Minimum pay-in: None (£1,500+/mth for rewards) |
Good if you want home emergency coverAnother decent option is the Halifax Ultimate Reward account, especially if you're already paying for home emergency cover and will make use of all the other insurances (worth up to £400/year). Like Co-op above, only account holders get mobile cover so it's less suited to families.
It's £17/month, though if you're willing to jump through some hoops there's £5/month cashback up for grabs. Be sure to read full info.
Key insurance info:
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Our service ratings are from our July 2023 poll of 4,000 people.
Top premium bank accounts
While you can pay for the accounts above, most banks also have a 'premium' account. This is generally for people earning high salaries (usually £75,000+) or who have significant investments or mortgage borrowing.
These premium accounts are generally seen as a halfway house between the paid-for accounts above, and proper private banking. Perks associated with the accounts vary. Some include insurance, access to concierge services, or discounts on mortgages or other associated products. Here are our top picks...
Service rating: 37% 'great' |
Free worldwide family travel insurance with no monthly feeThe HSBC Premier account gives you worldwide family travel insurance up to age 69 (see full info on what the insurance covers). |
- Monthly fee: None (or £75/mth if you don't keep a minimum balance of £150,000 across Citi UK accounts) |
Free worldwide travel insurance, but high balance needed to keep it fee-free.The Citigold Current Account from Citibank offers worlwide family travel insurance to those who are 79 or younger (see full info on what the insurance covers). TABLE_CELL_STYLE |
Our service ratings are from our July 2023 poll of 4,000 people.
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