High Interest Current Accounts

Compare the best high interest current accounts available using our comparison table below to find the right deal for you. Know Your Money also provide a comprehensive guide to choosing and switching your current account which can be found under 'guides' in the current account section.

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Compare current accounts with high interest

AccountInterest (AER)

The account's Annual Equivalent Rate: the interest rate that is paid on in-credit balances over a year. Hover over the red asterisks for more details.

 Overdraft Rate

The interest or fee that is charged for using the account's overdraft facility.Hover over the red asterisks for more details.

 Max Overdraft

The maximum authorised overdraft amount permitted on the account.

 Min Monthly Payment

Some accounts require customers to pay in a certain amount each month. Failure to pay in the agreed amount can result in penalties or loss of account benefits.

 Monthly Fee

The amount that the bank charges customers each month to use the account – usually deducted from the account balance every month.
Santander Preferred Current Account
£300 cashback when you switch your main current account using our switcher service, have a mortgage and £10,000 savings with Santander
5.00%
5.00% AER on balances up to £2,500 for first 12 months; 1% AER thereafter
0%
0% EAR (variable) charge will apply for first 12 months, 50p per day capped at 10 days each monthly statement period applies thereafter
£5,000£1,000FreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age18
Permanent UK ResidentYes
Minimum Monthly credit£1,000
Representative Example: If you use an overdraft limit of £1,200 a 0% EAR (variable) charge will apply for first 12 months, 50p per day capped at 10 days each monthly statement period applies thereafter.
Santander Reward Account
Over £500 of benefits per year.
5.00%
5.00% AER on balances up to £2,500 for first 12 months; 1% AER thereafter
0%
0% for the first 4 months, then 50p per day capped at 10 days each month
£5,000£1,000£10 monthlyMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum AgeYes
Minimum Monthly credit£1,000
Representative Example: If you use an overdraft limit of £5,000 a 0% EAR (variable) charge will apply for first 4 months, then 50p per day capped at 10 days each month
Santander Premium Account
Over £850 worth of benefits each year.
5.00%
5.00% AER on balances up to £2,500 for first 12 months; 1% AER thereafter
0%
0% for the first 4 months. 19.9% thereafter
£5,000£1,000£20 monthlyMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum AgeYes
Minimum Monthly credit£1,000
Representative Example: If you use an overdraft limit of £5,000 a 0% EAR (variable) charge will apply for first 4 months, 19.9% thereafter
HSBC Bank Account
Get 6% AER for the first 12 months when you switch to HSBC.
6%
For new and existing eligible customers, switch to HSBC and get a fixed 6% AER (5.84% gross) credit interest on balances of up to £2,500 for a period of 12 months (after 12 months, no further interest will be paid).
19.90%Not stated£500FreeMORE INFO
Read this before you proceed.
To qualify for this product you need to meet the following criteria.
Minimum Age18
Permanent UK ResidentYes
Minimum Monthly credit£500
Representative Example: If you use an overdraft limit of £1,200 a 19.9% EAR (variable) charge will apply

asteriskAccounts with an asterisk next to the AER interest have a bonus applied to the interest rate, place your mouse cursor over the asterisk to view the bonus.

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