Basic Current Accounts

  • Basic current accounts are 'no-frills' products that only provide everyday banking services with no monthly fee
  • Use our quick and easy comparison tool to compare basic bank accounts available from high street banks and internet providers.
  • Compare up-to-date information on account features to find your ideal account.
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  • 3% AER/2.96% gross variable interest paid monthly on balances up to £1,500*
  • No monthly fees
  • TSB Visa debit card – contactless functionality subject to status
  • 5% cashback on your first £100 of contactless or Apple Pay spending each month**
* To earn 3% AER you must credit your account with £500 each month, register for internet banking, paperless statements and paperless correspondence. **Contactless subject to eligibility. Ends Sep 2017
    • Linked to exclusive Savings Account Plus, an instant access account
    • Competitive planned overdraft rate, with no arrangement fee
  • Maximum Interest (AER)
    0%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    Free
  • See Deal + In detail
  • Interest details
    • No interest is paid on in-credit balances on this account
    Overdraft details
    • Arranged overdraft fees: 18.85% EAR (variable) and a monthly £6 fee if you end any business day overdrawn by more than the £25.00 planned borrowing buffer amount (unless that position was created by us adding fees or interest)
    • Unarranged overdraft fees: A £6 daily fee for each business day that you end in unplanned borrowing by more than the £10.00 Unplanned Borrowing Buffer Amount (unless that position was created by us adding fees or interest).
  • Representative Example: If you use an overdraft limit of £1,200 a 18.85% EAR (variable) charge will apply
    • Linked to exclusive Savings Account Plus, an instant access account
    • Competitive planned overdraft rate, with no arrangement fee
  • Maximum Interest (AER)
    0%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    Free
  • See Deal + In detail
  • Interest details
    • No interest is paid on in-credit balances on this account
    Overdraft details
    • Arranged overdraft fees: 18.85% EAR (variable) and a monthly £6 fee if you end any business day overdrawn by more than the £25.00 planned borrowing buffer amount (unless that position was created by us adding fees or interest)
    • Unarranged overdraft fees: A £6 daily fee for each business day that you end in unplanned borrowing by more than the £10.00 Unplanned Borrowing Buffer Amount (unless that position was created by us adding fees or interest).
  • Representative Example: If you use an overdraft limit of £1,200 a 18.85% EAR (variable) charge will apply
    • Aged 16 or older (18 and older to apply online)
    • Must open both a B Current account and B Instant Savings account
    • Must register for automated telephone and internet banking services to run the account
    • From 2nd May 2017, 0.50% AER variable on £1+ will apply
  • Maximum Interest (AER)
    0.25%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    Free
  • See Deal + In detail
  • Interest details
    • With a B Current account you'll enjoy 0.25% AER (0.25% gross p.a. variable) on your credit balances up to £2,000.
      *Credit interest is worked out daily on the cleared credit balance and credited to accounts on the last working day of each month.

      Current rates until 30th November 2016. From 01 December 2016 the rate will be 0.25% AER (0.25% gross p.a. variable).
    Overdraft details
    • £25 planned borrowing buffer, £10 unplanned borrowing buffer
    • 12.5% EAR
  • Representative Example: If you use an overdraft limit of £1,200 a 12.50% EAR (variable) will apply
    • Contactless debit card
    • Award-winning online and mobile banking
    • Earn cashback when you shop online online and in-store through Barclays with over 200 retailers
  • Maximum Interest (AER)
    0%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    Free
  • See Deal + In detail
  • Interest details
    • No interest is paid on in-credit balances on this account
    Overdraft details
    • Arranged overdraft fees:
    • 75p a day up to £1,000
    • £1.50 a day from £1,000 to £2,000
    • £3 a day from £2,000 and above
    • Unarranged overdraft fees:
    • £5 per day
  • Representative Example: Up to £5,000 (subject to application and status). If you use an overdraft of £1,200, you will be charged £1.50 per day when you use it.
    • Ideal if you only require a basic current account
    • Debit Card lets you pay for goods and services in person, by phone, online and abroad
  • Maximum Interest (AER)
    0%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    Free
  • See Deal + In detail
  • Interest details
    • No interest is paid on in-credit balances on this account
    Overdraft details
    • There is no overdraft facility available on this account
  • No credit facilities on this account
    • No monthly fee
    • 3 month interest-free arranged overdraft available
  • Maximum Interest (AER)
    0%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    Free
  • See Deal + In detail
  • Interest details
    • No interest is paid on in-credit balances on this account
    Overdraft details
    • Arranged overdraft fees: 0% for the first 3 months (conditions apply)
    • 18.9% EAR (variable) thereafter
    • Unrranged overdraft fees: 18.9% EAR (variable)
    • For every payment that is NOT made over and above your reserve limit, you'll be charged an unpaid transaction fee of £15
    • The total sum of fees (including any paid/unpaid transaction fees) is capped at £75 per statement month
  • Representative Example: If you use an overdraft limit of £1,200 a 18.9% EAR (variable) charge will apply
    • Ideal if you only require a basic current account
    • Debit Card lets you pay for goods and services in person, by phone, online and abroad
  • Maximum Interest (AER)
    0%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    Free
  • See Deal + In detail
  • Interest details
    • No interest is paid on in-credit balances on this account
    Overdraft details
    • There is no overdraft facility available on this account
  • No credit facilities on this account
    • 1% cashback on water and council tax bills and the first £1,000 you pay towards your Santander monthly residential mortgage payment
    • 2% cashback on gas and electricity bills and on Santander home insurance premiums (policies administered and underwritten by Aviva Insurance Limited)
    • 3% cashback on mobile, home phone, broadband and paid for TV packages
  • Maximum Interest (AER)
    1.5%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    £500
  • Monthly Fee
    £5
  • See Deal + In detail
  • Interest details
    • 1.50% AER/1.49% gross (variable) interest on your entire balance up to £20,000

      Cashback Details
      To get cashback on your household bills and interest on your balance, just follow these steps:
    • · Pay at least £500 into your account each month - any interest paid and payments between Santander personal accounts you're named on won't count towards this
    • · Have at least two active Direct Debits - you'll receive cashback on any qualifying household bills you pay by Direct Debit
    Overdraft details
    • You could get a 4 month fee-free Arranged Overdraft when you switch to us. (Overdrafts are offered depending on your circumstances.)
    • The Arranged Overdraft Usage Fee will depend on the amount you use:
    • Below £2,000 - £1 a day
    • £2,000 to £2,999.99 - £2 a day
    • £3,000 and over - £3 a day
    • Unarranged Overdraft Usage Fee - £6 per day
  • Representative Example: 0% EAR (variable) Arranged Overdraft. Arranged Overdraft Usage Fee of £1 per day. If you are switching to Santander then there will be no Arranged Overdraft Usage Fee for the first 4 months. Assumed Arranged Overdraft credit limit: £1,200. Actual credit limit may differ. Arranged Overdraft Usage Fee depends on the amount of overdraft you are using.
    • 1% cashback on water and council tax bills and the first £1,000 you pay towards your Santander monthly residential mortgage payment
    • 2% cashback on gas and electricity bills and on Santander home insurance premiums (policies administered and underwritten by Aviva Insurance Limited)
    • 3% cashback on mobile, home phone, broadband and paid for TV packages
  • Maximum Interest (AER)
    0.00%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    £500
  • Monthly Fee
    £1
  • See Deal + In detail
  • Interest details
    • No interest is paid on in-credit balances on this account

      Cashback Details
      To get cashback on your household bills, just follow these steps:
    • · Pay at least £500 into your account each month - any interest paid and payments between Santander personal accounts you're named on won't count towards this
    • · Have at least two active Direct Debits - you'll receive cashback on any qualifying household bills you pay by Direct Debit
    • · Log on to Online or Mobile Banking at least once in every three months
    Overdraft details
    • You could get a 4 month fee-free Arranged Overdraft when you switch to us. (Overdrafts are offered depending on your circumstances.)
    • The Arranged Overdraft Usage Fee will depend on the amount you use:
    • Below £2,000 - £1 a day
    • £2,000 to £2,999.99 - £2 a day
    • £3,000 and over - £3 a day
    • Unarranged Overdraft Usage Fee - £6 per day
  • Representative Example: 0% EAR (variable) Arranged Overdraft. Arranged Overdraft Usage Fee of £1 per day. If you are switching to Santander then there will be no Arranged Overdraft Usage Fee for the first 4 months. Assumed Arranged Overdraft credit limit: £1,200. Actual credit limit may differ. Arranged Overdraft Usage Fee depends on the amount of overdraft you are using.
    • Bank anywhere with our mobile app
    • 24-hour telephone banking and Online banking
    • Get Emergency Cash
  • Maximum Interest (AER)
    0%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    Free
  • See Deal + In detail
  • Interest details
    • No interest is paid on in-credit balances on this account
    Overdraft details
    • 19.89% EAR (variable) and a monthly Usage Fee of £6 on all arranged overdrafts
    • Unarranged Overdraft Usage Fee of £6 per day. This is then capped at £90 per charging period.
  • Representative Example: If you have a Select Account with an arranged overdraft limit of £1,200 and you use all of this, you will be charged arranged overdraft interest at 19.89% p.a. (variable) and a monthly Arranged Overdraft Usage Fee of £6
    • Bank anywhere with our mobile app
    • 24-hour telephone banking and Online banking
    • Get Emergency Cash
  • Maximum Interest (AER)
    0%
  • Switching Incentive
    None
  • Minimum Monthly Credit
    None
  • Monthly Fee
    Free
  • See Deal + In detail
  • Interest details
    • No interest is paid on in-credit balances on this account
    Overdraft details
    • 19.89% EAR (variable) and a monthly Usage Fee of £6 on all arranged overdrafts
    • Unarranged Overdraft Usage Fee of £6 per day. This is then capped at £90 per charging period.
  • Representative Example: If you have a Select Account with an arranged overdraft limit of £1,200 and you use all of this, you will be charged arranged overdraft interest at 19.89% p.a. (variable) and a monthly Arranged Overdraft Usage Fee of £6
Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

More about basic current accounts

Some current accounts these days come with a whole lot of fancy whizz and pop. But if you don't need anything other than basic banking features you can keep it minimal.

The basic free-of-charge current account comes with a debit card which you can use in cash machines and in the shops and you can have direct debits and standing orders set up to automatically pay the bills. You either top up the account with cash, regular income such as your salary, or by transfer from another account.

Some of the accounts come with a cheque book and an overdraft facility. The very most basic don't though, and these are great for young people or those with poor credit histories.

Often basic accounts have restricted access to branch facilities - you have to administer the account either online or via the telephone. Don't worry though, there's very little in the banking world that you can't do from the comfort of your own home these days.

Some basic accounts may also prevent you from using your card abroad and they pay next to nothing in interest. Therefore it's best to only keep enough money in there to cover the bills and your day-to-day costs.

As well as the normal banks and building societies, see what's on offer from specialist telephone based providers. They often focus their attentions solely on basic accounts and could present a good alternative to the high street names, depending on your circumstances.

Click here to find out more about current account types with our handy FAQ guide.

Helpful links for current account issues

Financial Conduct Authority (FCA) - The UK financial regulator's website features lots of useful information for banking customers covering everything from knowing your rights to how to stop unauthorised payments.

Financial Service Compensation Scheme (FSCS) - The FSCS is the best place to find out if your bank is covered by the compensation scheme and for advice on making a claim.

Financial Ombudsman Service - If you've complained to your bank and are still having ongoing problems then the Financial Ombudsman is the next step - their website covers everything you need to know about making a complaint.

Money Advice Service - The government's Money Advice Service provides unbiased advice on choosing, opening and managing a current account.