"Get 5% AER current account interest on balances up to ?2,000 plus 5% cashback on your first ?100 of contactless payments every month. To earn interest (which is paid monthly) just pay in a minimum of ?500 a month and register for Internet Banking, Paperless Statements and Paperless Correspondence. No interest is paid on your balance over ?2,000." So, currently max gross interest of ?160 per year (?100 + 12 x ?5) or about ?13 a month. I imagine this is a teaser offer to get people to open accounts that is likely to be withdrawn as some not-to-distant point in the future. Not saying that you shouldn't go for it just being clear on the benefits for the wider audience.