Cashback Current Account Optimiser

Name: Cashback Current Account Optimiser
Author: StoozeMax

Enter your monthly bills and find which cashback account earns you the most after fees.

Your monthly bills

Enter the amounts you pay each month by direct debit.

Energy (gas & electric)

Broadband

Mobile phone

Council tax

Water

Home insurance

Car insurance

TV licence

Subscriptions (Netflix, etc.)

Other direct debits

Total monthly bills£0

Last updated: March 2026

Cashback rates and account terms may change. Check with the provider before applying. This tool is for guidance only — not financial advice.

How cashback current accounts work

Cashback current accounts pay you a percentage back on certain bills paid by direct debit. Some charge a monthly fee, so it's important to check whether the cashback you earn outweighs the cost. The main types are:

Percentage-based — You earn a percentage (typically 1%) on qualifying bills. Santander Edge and Zopa Biscuit work this way.
Flat reward — You earn a fixed amount regardless of bill size. NatWest Reward pays £5/month if you have 2+ direct debits.
Card cashback — Some accounts like Chase pay cashback on debit card spending rather than direct debits. This is great for everyday purchases but won't help with household bills.

Cashback vs switch bonus

You don't have to choose — you can earn a switch bonus AND get ongoing cashback. Here's how:

Switch to a cashback account using CASS (the Current Account Switch Service) and claim any available switch bonus.
Set up your direct debits in the new account and start earning cashback on your bills every month.
The switch bonus is a one-off payment (typically £100-175), while cashback continues as long as you keep the account.

Combined, a switch bonus plus ongoing cashback can be worth hundreds of pounds over a couple of years.

Frequently Asked Questions

Are cashback accounts worth the monthly fee?

It depends on your bills. Santander Edge costs £3/month (£36/year) and pays up to 1% on household bills, capped at around £10/month. If your eligible bills total over £300/month, the cashback covers the fee and then some. NatWest Reward costs £2/month and pays £5/month flat with 2+ direct debits, always netting £3/month. Use the calculator above to check with your actual bill amounts.

Can I have cashback AND a switch bonus?

Yes! You can switch to a cashback account using CASS and claim a switch bonus (if available), then continue earning cashback on your bills going forward. The switch bonus is a one-off payment, while cashback is ongoing.

Which bills qualify for cashback?

This varies by account. Santander Edge pays cashback on energy, broadband, mobile, council tax, water, and insurance bills paid by direct debit. Zopa Biscuit offers cashback on all direct debits. NatWest Reward pays a flat £5/month regardless of bill type. Chase pays 1% on debit card spending only, not direct debits.

Is Chase cashback still available?

Chase offers 1% cashback on debit card spending for the first 12 months after opening. This applies to card purchases only, not direct debit payments. After 12 months the cashback ends, but the account remains fee-free. Check the Chase website for current terms.

Track all your bank accounts and switch bonuses with StoozeMax

StoozeMax tracks your switch bonuses, cashback earnings, and regular saver interest in one place. See your total earnings and find new opportunities to earn more.

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