For just a £10 monthly account fee you get all these benefits:
* Annual worldwide family (2 adults + 2 children) travel insurance incl. sports and Winter sports cover; Green Flag UK breakdown cover; Identity protection; Card loss assistance; Key protection and more
* £100 cashback and 5.00% AER fixed for 12 months on balances up to £2500, after 12 months the rate changes to 1.00% gross/AER (variable) when you switch.
New or Existing customers of a Santander Preferred in credit option Current Account can get instant upgrade. Its best you do it with an account that has now lost its first 12 month features, as I'm not sure if existing features revert back after you cancel within 14 days!
Point is if you are some one like me who goes on holiday once a year and doesnt want to pay for travel insurance, u can do what im doing, i.e. opt for reward account, go on holiday, cancel reward account as soon as im back and then get refund.. No need to deposit large amounts of money in every month like you have to do with nationwide.