Compare Current Accounts

  • Compare the latest current accounts available from the major high street banks and internet providers with our handy comparison table.
  • Compare up-to-date information on account features and benefits to find the best current account for your needs.

What type of current account are you looking for?

  • Nationwide logo

    Nationwide FlexAccount

    • No monthly fee
    • Share £200 with a friend when they switch their main current account to Nationwide (terms apply)
    • Maximum Interest (AER) [?]
      0%
    • Switching Incentive
      None
    • Minimum Monthly Credit
      None
    • Monthly Fee
      Free

    Interest details

    • No interest is paid on in-credit balances on this account
  • Nationwide logo

    Nationwide FlexDirect

    • 5% AER on balances up to £2,500 for the first 12 months (conditions apply)
    • Fee-free overdraft for 12 months (subject to approval)
    • No monthly fee
    • Share £200 with a friend when they switch their main current account to Nationwide (terms apply)
    • Maximum Interest (AER) [?]
      5%
    • Switching Incentive
      None
    • Minimum Monthly Credit
      £1,000
    • Monthly Fee
      Free

    Interest details

    • 5.00% AER (4.89% gross p.a.) for in-credit balances up to £2,500 (fixed for the first 12 months) if you pay in at least £1,000 per month.
    • After the first 12 months the rate reverts to 1.00% variable.
    • No interest on balances over £2,500.

    Overdraft details

    • 0% overdraft in the first 12 months, 39.9% EAR/AER (variable) thereafter.
  • Nationwide logo

    Nationwide FlexPlus

    • Includes worldwide travel insurance, mobile phone insurance, breakdown cover and extended warranty
    • Share £200 with a friend when they switch their main current account to Nationwide (terms apply)
    • Maximum Interest (AER) [?]
      0%
    • Switching Incentive
      None
    • Minimum Monthly Credit
      None
    • Monthly Fee
      £13
  • Santander logo

    Santander 1|2|3 Current Account

    • 1% cashback on water and council tax bills and on your Santander monthly mortgage payments (up to maximum of £1,000)
    • 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

    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
  • Santander logo

    Santander 1|2|3 Lite Current Account

    • 1% cashback on water and council tax bills and on your Santander monthly mortgage payments (up to maximum of £1,000)
    • 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%
    • Switching Incentive
      None
    • Minimum Monthly Credit
      £500
    • Monthly Fee
      £1

    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
  • TSB logo

    TSB Classic Current Account

    • Get £50 for switching. Apply by 02/01/2020. You must complete a full switch, transfer all credits/ debits, register 2+ active direct debits and pay in £500+
    • If the offer conditions are met by 24/01/2020, payment will be made into your new TSB account by 28/02/2020. Must be a UK resident
    • Optional £35 interest and fee-free overdraft (subject to status)
    • Maximum Interest (AER) [?]
      0%
    • Switching Incentive
      None
    • Minimum Monthly Credit
      None
    • Monthly Fee
      Free

    Interest details

    • No interest is paid on in-credit balances on this account

    Overdraft details

    • Assumed arranged overdraft of £1,200: 0% EAR up to £35, then 19.84%, £6 usage fee.
  • TSB logo

    TSB Classic Plus Account

    • Get £50 for switching. Apply by 02/01/2020. You must complete a full switch, transfer all credits/ debits, register 2+ active direct debits and pay in £500+
    • If the offer conditions are met by 24/01/2020, payment will be made into your new TSB account by 28/02/2020. Must be a UK resident
    • Earn 3% AER (variable) on balances up to £1500 by crediting £500/month, register for internet banking, paperless statements and correspondence
    • Maximum Interest (AER) [?]
      3%
    • Switching Incentive
      None
    • Minimum Monthly Credit
      £500 (to earn interest)
    • Monthly Fee
      Free

    Interest details

    • 3% AER / 2.96% gross variable interest paid on balances up to £1,500 only. 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.

    Overdraft details

    • Assumed arranged overdraft of £1,200: 0% EAR up to £35, then 19.84%, £6 usage fee.
  • Starling Bank logo

    Starling Bank Current Account

    • Bank on the go with 100% mobile banking
    • Zero monthly fees
    • Get set up in minutes from your phone
    • Real time balance and instant payment alerts
    • Maximum Interest (AER) [?]
      0.5%
    • Switching Incentive
      None
    • Minimum Monthly Credit
      None
    • Monthly Fee
      Free

    Interest details

    • 0.5% AER on balances up to £2,000
    • 0.25% AER on balances up to £85,000

    Overdraft details

    • Manage your overdraft with an adjustable in-app slider
    • Close your overdraft any time with a few taps
    • Interest of 15% is accrued daily and updated clearly in the app
  • N26 Current Account logo

    N26 Current Account

    • 100% mobile banking
    • Real time balance and instant payment alert
    • Manage limits, set PIN, lock/unlock card from the app
    • No Direct Debit or Standing Order facilities
    • Maximum Interest (AER) [?]
      0%
    • Switching Incentive
      None
    • Minimum Monthly Credit
      None
    • Monthly Fee
      Free

    Interest details

    • No interest is paid on in-credit balances on this account

    Overdraft details

    • This account does not have an overdraft facility.
  • N26 logo

    N26 Black Current Account

    • 100% mobile banking
    • No fees on ATM withdrawals abroad, in any currency
    • Manage limits, set PIN, lock/unlock card from the app
    • No Direct Debit or Standing Order facilities
    • Maximum Interest (AER) [?]
      0%
    • Switching Incentive
      None
    • Minimum Monthly Credit
      None
    • Monthly Fee
      £4.90

    Interest details

    • No interest is paid on in-credit balances on this account

    Overdraft details

    • This account does not have an overdraft facility.
  • N26 logo

    N26 Metal Current Account

    • 100% mobile banking
    • Free ATM withdrawals worldwide
    • LoungeKey membership, travel insurance and purchase protection
    • No Direct Debit or Standing Order facilities
    • Maximum Interest (AER) [?]
      0%
    • Switching Incentive
      None
    • Minimum Monthly Credit
      None
    • Monthly Fee
      £14.90

    Interest details

    • No interest is paid on in-credit balances on this account

    Overdraft details

    • This account does not have an overdraft facility.
  • Royal Bank of Scotland logo

    RBS Select Account

    • Get a contactless Visa Debit Card - make payments under £30 with one tap
    • Select current account - no monthly fee.
    • Must be 18+ and UK resident.
    • Maximum Interest (AER) [?]
      0%
    • Switching Incentive
      None
    • Minimum Monthly Credit
      None
    • Monthly Fee
      Free

    Interest details

    • No interest is paid on in-credit balances on this account

    Overdraft details

    • £10 interest free buffer. Once buffer exceeded, you'll be charged 19.89% EAR (variable) on the whole overdrawn amount and a monthly usage fee of £6 on all arranged overdrafts
    • Other overdraft fees: please see provider website for details
Please note: 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.

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How to Choose a Current Account

Although many people still opt for traditional high street bank current accounts, most of us are aware that there is more choice than ever for consumers looking for their first account or to switch to a new current account provider.

The vast majority of people require a current account in order to perform basic financial tasks such as receiving a salary, paying bills and buying items online. Therefore, choosing the right account is an important decision and one that deserves some careful consideration.

As well as standard current accounts, there are other options such as bad credit accounts (often known as basic accounts) and online-only accounts to consider. We’ll take you through your options with our current account comparison table and straightforward guide to current accounts below.

What to look for in a current account

There are certain features that current account providers usually offer. When choosing a current account, you’ll need to consider which of these is most important for your lifestyle and circumstances; ensuring you select an account that offers you the services you need.

Common current account services

  • Receiving payments
  • Access to cash via ATMs
  • Debit cards
  • Direct debits
  • Standing orders
  • Overdrafts
  • Online banking apps
  • Bank transfers
  • Budgeting tools
  • Cashback and rewards

As well as the features offered by various providers you may want to consider the following:

Current account fees

Some current accounts, especially those that offer extras such as cashback, reward points and additional services will charge either a monthly or a per-transaction fee. Accounts that offer extras such as travel insurance cover, mobile phone cover and breakdown cover, in exchange for a fee, are known as packaged accounts.

Choosing packaged accounts may not be a good deal if you don’t need all the extras offered and purchase them more cheaply separately. It’s also possible to open a current account with access to preferential rates, for a fee.

Account transfer incentives

Some banks and current account providers offer cash incentives to switch your account to them. These bonuses may only be payable to customers who deposit a minimum amount or who open a certain type of account, so make sure you are happy with the account and any associated fees before applying for an account paying a transfer incentive.

High street or challenger bank?

High street banks are still the preferred option for current account holders, but challenger banks and online-only account providers are quickly gaining traction in the market.

Online-only account providers often offer more insight for consumers into their financial situation through apps and other tech-based tools. They sometimes pay favourable interest rates and can be more easily obtained by people with poor credit ratings. Setting up an online account can also be quicker and easier than setting up a traditional bank account. However, some online-only current accounts may not offer all the same features and services as a high street bank account. High street banks still offer people the chance to do banking in person, at a branch; although even traditional banks are increasingly offering online banking and app-based mobile banking to customers.

Choosing a current account FAQs

Is it easy to transfer current accounts?

Will I be paid interest on my balance?

Can I get a current account if I have a poor credit rating?

Can I get an overdraft with a current account?

Are there bank accounts for children?

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.

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