Compare Bank Accounts

Compare Bank Accounts and Current Accounts from the leading high street banks side-by-side in our easy to use tables. Find the best bank account for you and apply online.

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Nationwide Flex-Direct

Get 5.00% AER on all balances up to £2,500 for 12 months providing you pay in £1,000 per month. 0% Overdraft Subject to approval.

Current Accounts

Provider
Account
AER
Minimum Balance
Overdraft
Monthly Fee
Switch Guarantee
Apply
Get 5.00% AER (4.89% gross p.a.) for in-credit balances up to £2,500 (fixed for the first 12 months). You must pay in at least £1,000 per month. This could be worth up to £125 over a year if your balance is £2,500 in credit!
5.00%
£1,000
£2,000
Free
Switch Guarantee
Representative Example: If you use an arranged overdraft of £1,200 the amount Nationwide will charge you is 50p per day (variable).
Earn up to 5.00% AER variable on balances up to £2,000 providng you deposit at least £500 per month. To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence.
5.00%
£1
£25
Free
Switch Guarantee
Representative Example: If you use an overdraft limit £1,200 the interest rate charged will be 19.94% EAR (variable).
Get FREE European Travel Insurance and NO monthly fee. You need to be 18+, No Fees or Minimum monthly deposits.
0%
£1
No Offer
Free
Switch Guarantee
Representative Example: If you use an overdraft limit of £1,200 a 18.9% EAR (variable) charge will apply
A standard current account that's exactly what you'd expect. It's an easy and convenient account for your day-to-day banking. Add 'Control' to your account to help prevent going into an unplanned overdraft (£10 monthly fee applies).
N/A
£1
Not Stated
Free
Switch Guarantee
Representative Example: If you use a planned overdraft of £1,200, then we'll charge you a daily fee of £1. Overdrafts are subject to status.
Get £5 reward each month you pay in £750, pay out two different direct debits and stay in credit. Account terms and conditions apply.
N/A
£1
Not Stated
Free
Switch Guarantee
Representative Example: If you use a planned overdraft of £1,200, then we'll charge you a daily fee of £1. Overdrafts are subject to status.
Get worldwide family travel insurance, car breakdown cover and more, provided by selected third parties. For a £15 monthly fee (reduced to £10 in each month that you pay in £750, pay out two different direct debits and stay in credit).
N/A
£1
Not Stated
£15
Switch Guarantee
Representative Example: If you use a planned overdraft of £1,200, then we'll charge you a daily fee of £1. For Ultimate Reward Current Accounts, you will pay the higher monthly account fee of £15 rather than £10 if you use your overdraft. This means there will be an indirect additional monthly cost of £5 if you use a planned overdraft on this account. Overdrafts are subject to status.
Earn a minimum of 1% of your spend on all contactless payments with Cashback Plus. You must be age 18+. Also 0% £100 Overdraft, any other borrowing @ 19.24% (subject to eligibility)
0%
£1
£100
Free
Switch Guarantee
Representative Example: If you use an overdraft limit of £100 a 19.89% EAR (variable) charge will apply
A straightforward Current Account from Barclays with no monthly fee. Contactless Debit Card, Mobile Banking, Text Alerts and Personalise your debit card with an image of your choice.
0%
£1
£200
Free
Switch Guarantee
Representative Example: Up to £5,000 - 19.3% interest p.a. (variable). Subject to status and application.
Get up to 3% AER on balances £3k - £20k & Get Cash Back on your Bills - 1% cashback on water and council tax, 2% cashback on electricity and gas, 3% cashback on mobile, home phone, broadband and paid for TV packages.
3%
£500
No Offer
£2
Switch Guarantee
Representative Example: 0% EAR (variable) Arranged Overdraft. A Daily Arranged Overdraft Fee of £1 per day capped at 20 days each monthly statement period applies. Assumed Arranged Overdraft credit limit: £1,200. Actual amount may differ.
No minimum monthly deposit requirement. Plus 0% overdraft facility for 4 months if you switch your banking
0%
£1
£1,200
Free
Switch Guarantee
Representative Example: No Daily Arranged Overdraft Usage Fee for the first four months. Then £1 each day capped at 20 days in each monthly statement period.
A straightforward current account created to make everyday banking easier. Manage your money 24 hours a day through Internet Banking, Telephone Banking and Mobile Banking
N/A
£1
£25
Free
Switch Guarantee
Representative Example: If you use an overdraft limit £1,200 the interest rate charged will be 19.94% EAR (variable).
Earn 1% Cash Back at participating retailers. You must be age 18+. Also 0% £100 Overdraft, or up to £15,000 @ 19.24% (subject to eligibility)
0%
£1
£100
Free
Switch Guarantee
Representative Example: If you use an overdraft limit of £100 a 19.89% EAR (variable) charge will apply
Earn 1% Cash Back at participating retailers. Get Green Flag breakdown cover, Mobile phone insurance (including all smartphones!) Annual worldwide travel insurance & Travel benefits.
0%
£1
£100
£16
Switch Guarantee
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.49% EAR (variable).
Pay £10 per month. Get Financial and shopping benefits and M&S vouchers. Also £500 overdraft facility with £100 @ 0%, any other borrowing @ 15.9%.
0%
£1
£100
£10
Switch Guarantee
Representative Example: (assumed overdraft £500): 0% EAR variable on the first £100, 15.9% EAR variable thereafter.
Pay £17.50 per month. Get Financial and shopping benefits and M&S vouchers and worldwide family travel insurance. Also £500 overdraft facility with £100 @ 0%, any other borrowing @ 15.9%.
0%
£1
£100
£17.50
Switch Guarantee
Representative Example: (assumed overdraft £500): 0% EAR variable on the first £100, 15.9% EAR variable thereafter.

Nationwide Flex-Direct Account

Nationwide
  • Get 5.00% AER (4.89% gross p.a.) for in-credit balances up to £2,500 (fixed for the first 12 months)
  • You if you pay in at least £1,000 per month
  • Fee-free overdraft for 12 months (subject to approval)
  • Access to special rates and exclusive products
  • Online and mobile banking
  • Telephone banking and free text alerts
  • No monthly fee
  • UK call centres

TSB Classic Plus Account

TSB
  • Market leading 5% AER variable interest on balances from £0 - £2,000.
  • To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence (if available).
  • No introductory offer period.
  • Available to existing and new customers.
  • Low minimum monthly deposit of £500 required to meet eligibility.
  • No monthly fee.
  • Access to all the features of the standard Classic account such as Money Planner, Control, SMS alerts and internet banking.
  • Transact in branch, online or over the telephone.
  • £25 interest and fee free overdraft subject to application and approval
  • No hidden clauses – only need to meet CTO, register for internet banking, paperless statements and correspondence (when available) to get the interest rate.
  • 7 day switching service available.

Nationwide FlexAccount

Nationwide
  • VISA debit card with every account
  • Free travel insurance: multi-trip European cover worth up to £70* (conditions apply)
  • Manage your account online with an excellent internet banking service.
  • Three-month interest-free overdraft when you switch to FlexAccount
  • Free day to day banking
  • Voted Best Overall Online Provider 2009 by Your Money

Halifax Current Account

Halifax
  • £100 cashback for new and existing customers switching an active bank account held elsewhere to Halifax.
  • To qualify, use the Current Account Switch Service to switch and close your old account.
  • Halifax is covered by the Current Account Switch Guarantee.
  • Customers who’ve already received a Halifax switching offer (since January 2012) are not eligible for this offer.
  • Plus, switching to this account only takes seven working days.
  • This account offers a flexible 0% Overdraft facility (Overdrafts are subject to status):
  • - £1 per day - if you use an 'Planned' overdraft up to and including £1,999
  • - £2 per day - if you use an 'Planned' overdraft from £2,000 up to and including £2,999
  • - £3 per day - if you use an 'Planned' overdraft from £3,000 and above
  • - £5 per day - if you use an 'Un-Arranged' overdraft
  • A Halifax Visa debit card - Option to personalise
  • Access to the extensive branch Network
  • 24/7 Online Banking Access

Halifax Reward Current Account

Halifax
  • £100 cashback for new and existing customers switching an active bank account held elsewhere to Halifax.
  • To qualify, use the Current Account Switch Service to switch and close your old account.
  • Halifax is covered by the Current Account Switch Guarantee.
  • Customers who’ve already received a Halifax switching offer (since January 2012) are not eligible for this offer.
  • Plus, switching to this account only takes seven working days.
  • £5 monthly reward if each month customers pay in £750, pay out two different direct debits and stay in credit.
  • This account offers a flexible 0% Overdraft facility (Overdrafts are subject to status):
  • - £1 per day - if you use an 'Planned' overdraft up to and including £1,999
  • - £2 per day - if you use an 'Planned' overdraft from £2,000 up to and including £2,999
  • - £3 per day - if you use an 'Planned' overdraft from £3,000 and above
  • - £5 per day - if you use an 'Un-Arranged' overdraft
  • A Halifax Visa debit card - Option to personalise
  • Access to the extensive branch Network
  • 24/7 Online Banking Access

Halifax Ultimate Reward Current Account

Halifax
  • Get a Free £100 when you switch to this account!
  • Pay £15 per month and get all the standard features, plus AA breakdown cover, travel and mobile phone insurance and more.
  • Halifax will give you £5 each month you pay in £750, pay out two different direct debits and stay in credit.
  • This account offers a flexible 0% Overdraft facility (Overdrafts are subject to status.):
  • - £1 per day - if you use an 'Planned' overdraft up to and including £1,999
  • - £2 per day - if you use an 'Planned' overdraft from £2,000 up to and including £2,999
  • - £3 per day - if you use an 'Planned' overdraft from £3,000 and above
  • - £5 per day - if you use an 'Un-Arranged' overdraft
  • A Halifax Visa debit card - Option to personalise
  • Access to the extensive branch Network
  • 24/7 Online Banking Access

Natwest Select

NatWest
  • ** Voted the best card benefits programme of the year at the Card and Payment Awards. **
  • Free day-to-day banking without subscription charges
  • Earn a minimum of 1% of your spend on all contactless payments with Cashback Plus
  • Overdraft available subject to eligibility, giving your finances some breathing space
  • Chequebook available subject to eligibility; handy when cash or cards aren't convenient
  • Monthly statements with all your transactions and your balance - by post or online. Or pick up a mini-statement from our cash machines

Barclays Bank Account

Barclays
  • Create your own personalised Current Account with the new Barclays Features Store - Customise your account with a range of Packs that cover gadgets, home appliances, travel and more. Simply add the Features that you want and leave out the ones that you don't. Terms, conditions and exclusions apply - read the policy documents so you know whats covered and whats not.
  • Free Text Alerts to help manage your money
  • Personalise your debit card for free with your favourite photo (image guidelines apply)
  • Contactless debit card (subject to status) allows you to make fast and secure payments for items that are priced £20 or less.
  • Online, Telephone, Mobile and Branch
  • No minimum funding required
  • Barclays Pingit - the quick and easy way to send or receive money with just your mobile
  • Free switching service available

Santander 123 Current Account

  • The New 123 Current Account pays cashback on household direct debits
  • 1% cashback on water and council tax
  • 2% cashback on electricity and gas
  • 3% cashback on mobile, home phone, broadband and paid for TV packages
  • New 123 Current Account pays also pays in-credit interest
  • 1% AER on the entire balance, once the customer’s balance is £1,000 or over
  • 2% AER on the entire balance, once the customer’s balance is £2,000 or over
  • 3% AER on the entire balance, once the customer’s balance is £3,000 or over (up to £20,000)
  • You are required to pay £2 a month (equates to 6p per day)
  • Your overdraft fee will be 19.9% EAR plus an unauthorised fee of £1 per day.
  • Get a cheque book and a Visa Debit card. You can use your Visa Debit card in shops wherever you see the Visa symbol and at virtually every cash machine in the UK and many worldwide. It also acts as a £100 cheque guarantee card
  • Access to your money 24 hours a day 7 days a week through our e-banking service, 750+ branches, 24-hour telephone banking service, LINK cash machine network or even by post
  • You must setup a minimum of 2 active direct debits
  • You must deposit at least £500 per month
  • This account is open to NEW and EXISTING Santander customers aged 18 and above (must be UK resident)

Santander Everyday Current Account

  • A simple and straightforward current account that helps make managing your money easy and convenient.
  • 0% EAR (variable) overdraft rate.
  • No Daily Arranged Overdraft Fees for the first 4 months when you switch to us (depending on circumstances. See representative example).
  • After 4 months the Daily Arranged Overdraft Fee will be 50p per day capped at 20 days each monthly statement period (if you don't switch these Daily Arranged Overdraft Fees will start from when your account is opened.)
  • Access to our dedicated Switcher Service - It is important that you feel confident about switching to us and what is involved. Click here for full details of our simple three-step process.
  • Easy access to your account 24 hours a day with our internet and phone banking service. Plus you have access to over 1,300 Santander branches.
  • No interest is paid on your balance.
  • You must be aged over 18 and live permanently in the UK.

TSB Classic Account

TSB
  • Free banking - no charge for everyday transactions when you’re in credit.
  • You will receive a debit card with your account
  • Manage your money 24 hours a day through Internet Banking, Telephone Banking and Mobile Banking.
  • Money Planner is a free, easy-to-use Internet Banking service that introduces a new way of keeping track of your money across your TSB personal current and credit card accounts.
  • £25 interest-free planned overdraft. (Subject to application and approval).
  • £10 overdraft buffer. No overdraft fees or interest to pay if you go overdrawn (either Planned or Unplanned) by £10 or less.
  • Grace period if you go over your limit. You have until 3.30pm (UK Time) to pay in enough money to avoid any overdraft fees you may incur that day.
  • Switching to us in just 7 working days – We can help to move Direct Debits and standing orders from any existing accounts to your TSB current account.
  • Access to over 600 branches and a network of ATM's worldwide

RBS Select

RBS
  • Free everyday banking - no monthly subscription charges.
  • No arrangement or renewal fees - on overdrafts up to £15,000. And pay no interest on agreed overdrafts of up to £100.
  • Save on your mortgage - use your Interest Paying Current Account balance to save money with our Offset Service.
  • Easy access to your money - your debit card gives you access to almost every cash machine in the UK. You can also pay for goods and services wherever you see the logo shown on your card.
  • Online banking - manage your money 24 hours a day, 365 days a year with our telephone and internet banking services. (Except for short periods of essential maintenance.)
  • Overseas money - get money in local currency at cash machines and buy goods wherever you see the logo shown on your card.
  • Statements - monthly statements list all transactions and your current balance. You can also get mini-statements from any cash machine.

Natwest Select Platinum Current Account

NatWest
  • Pay £16.00 per month and get the following benefits:
  • Green Flag car breakdown cover - even on your driveway
  • Mobile phone insurance – including all smartphones
  • Annual worldwide travel insurance - Members and their partners aged 70 years and over must pay an additional annual premium of £50
  • Travel benefits – discounts on holidays, flights and hotels

M&S Premium Current Account

Marks & Spencer
  • **Get £50 M&S gift card for opening an account and a further £100 M&S gift card for switching their account to M&S Bank**
  • With the M&S Premium Current Account for just £10 a month (for an initial fixed term of 3 months after which it is automatically renewed monthly), you’ll enjoy all this:
  • M&S loyalty points for M&S reward vouchers with your M&S Debit Card in M&S (in store and online)
  • Triple points for M&S reward vouchers with your M&S Credit Card in M&S (in store and online). Representative 16.9% APR variable
  • Access to our exclusive high rate monthly savings account
  • £45 worth of treats and delights vouchers
  • £127 worth of hot drinks vouchers for the M&S Café
  • Birthday gift e.g. afternoon tea for two, worth £10
  • Access to exclusive M&S offers
  • Automatic £500 overdraft available as soon as you open your account – and the first £100 is interest-free (subject to status).

M&S Premium Current Account with insurance

Marks & Spencer
  • **Get £50 M&S gift card for opening an account and a further £100 M&S gift card for switching their account to M&S Bank**
  • With the M&S Premium Current Account for just £17.50 a month (for an initial fixed term of 3 months after which it is automatically renewed monthly), you’ll enjoy all this:
  • Worldwide multi-trip family travel insurance
  • M&S loyalty points for M&S reward vouchers with your M&S Debit Card in M&S (in store and online)
  • Triple points for M&S reward vouchers with your M&S Credit Card in M&S (in store and online). Representative 16.9% APR variable
  • Access to our exclusive high rate monthly savings account
  • £45 worth of treats and delights vouchers
  • £127 worth of hot drinks vouchers for the M&S Café
  • Birthday gift e.g. afternoon tea for two, worth £10
  • Access to exclusive M&S offers
  • Automatic £500 overdraft available as soon as you open your account – and the first £100 is interest-free (subject to status)

Hasssle-free current account switching has finally arrived

  • Switch your account in just 7 working days
  • Your new bank arranges everything, including Direct Debits and Standing Orders.
  • Any payments in or out of your old account will be automatically redirected to the new one.
  • Switch Guarantee: if anything goes wrong, you will be refunded for any charges.

Guaranteed Acceptance Bank Accounts

Provider
Account
AER
Minimum Balance
Overdraft
Monthly Fee
Switch Guarantee
Apply
No Credit Check basic bank account – Open to everyone 18+ & UK resident. NO Opening Fee - £12.50 per month. Create Standing Orders but No Direct Debits
0%
£0
No Offer
£12.50
No
No Credit Check basic bank account – Open to everyone 18+ & UK resident. Set-up fee of £25 (£30 for a joint account), monthly administration fee of just £14.50 (£19.50 for a joint account). Create Standing Orders but No Direct Debits
0%
£0
No Offer
£14.50
No
No Credit Check basic bank account – Open to everyone 18+ & UK resident. NO Opening Fee- £9.95 per month. Create Standing Orders but No Direct Debits
0%
£0
No Offer
£9.95
No
No Credit Check basic bank account – Open to everyone 18+ & UK resident. 0.5% AER on Balances. NO Opening Fee - £12.50 per month. Create Standing Orders but No Direct Debits
0%
£0
No Offer
£12.50
No

Card One Banking Guaranteed Bank Account

  • CardOneBanking offers the following:
  • Guaranteed Acceptance
  • Sortcode & Account Number
  • Have your salary deposited into this account
  • Pay money in at any Post Office or high street branch
  • Prepaid MasterCard card
  • Create Standing Orders but you can not set up Direct Debits with this account.
  • 24 hour account management by Phone, Text and Online Banking
  • Dedicated Account Manager
  • NO OPENING FEE
  • NO OVERDRAFT FACILITY – No risk of going overdrawn
  • NO EXTRA CHARGES – No charges for bounced standing orders
  • NO CREDIT CHECKS! – Guaranteed to be accepted, regardless of your past credit
  • YOU must be 18+ and UK resident
  • £12.50 monthly management fee

Think Money Guaranteed Bank Account

  • Think Banking offers the following:
  • Guaranteed Acceptance
  • Sortcode & Account Number
  • Have your salary deposited into this account
  • Pay money in at any Post Office or high street branch
  • Prepaid MasterCard card
  • Create Standing Orders but you can not set up Direct Debits with this account.
  • 24 hour account management by Phone, Text and Online Banking
  • Dedicated Account Manager
  • Opening fee of £25 (£30 for a joint account)
  • NO OVERDRAFT FACILITY – No risk of going overdrawn
  • NO EXTRA CHARGES – No charges for bounced standing orders
  • NO CREDIT CHECKS! – Guaranteed to be accepted, regardless of your past credit
  • YOU must be 18+ and UK resident
  • £14.50 monthly management fee (£19.50 for joint account customers)

Cashplus Guaranteed Bank Account

  • Cashplus offers the following:
  • Guaranteed Acceptance
  • Creditbuilder to improve your credit rating at no extra cost
  • Online banking-set up standing orders for free
  • Free UK ATM withdrawals
  • Free to load your wages
  • Up to 1% Cashback on purchases
  • Prepaid MasterCard card
  • No credit checks
  • No links to your bank account
  • No tie-ins
  • No interest or penalties to pay
  • You must be 18+ and UK resident
  • £9.95 monthly management fee

Secure Trust Bank Guaranteed Bank Account

  • Secure Trust Bank offers the following:
  • 0.5% AER on Balances
  • An official bank account with sortcode and account number
  • Guaranteed Acceptance - No credit checks
  • Earn up to 4% cash Rewards
  • Pay in salary, wages and direct debits
  • Mange you account online or by telephone
  • No hidden or unexpected bank charges
  • No fees for bounced Direct Debits or Standing Orders
  • Prepaid MasterCard card
  • No Overdraft facility – No risk of going overdrawn
  • YOU must be 18+ and UK resident
  • £12.50 monthly management fee
  • One off set up fee of £12.50

Current Accounts Explained


Current Accounts: The Nucleus of Personal Banking

Current accounts provide customers with easy access to their money. They allow funds to be deposited which can then be withdrawn from an ATM, over the counter, or via transactions.

Current accounts allow direct debits and standing orders, which allows a customer to set up automatic payments such as rent or utility bills that get paid periodically. Many accounts also offer online banking, enabling customers to manage their finances at their convenience.

Current accounts are not usually profit-making products for banks, once the costs of staffing, debit transactions, ATM, maintenance, and security for online banking systems are accounted for. Instead, they are a route into broader personal finance products, such as credit cards, savings accounts, loans and mortgages.

As banks compete against each other for your custom, some restrict their best products to current account customers. Some offer specific perks, such as travel insurance, cashback, interest or 0% overdrafts on their current accounts.

Since current accounts are primarily used for transactions, interest rates are generally low. However, there are often some monetary perks available. Some current accounts offer higher interest rates for an introductory period, or require a minimum balance. Some perks also require a minimum deposit every month.

A useful way of making more from your money is to transfer excess funds from your current account into a high interest savings account every month.

Consider your banking needs. Do you really need a local branch?

Current accounts traditionally handle most inbound and outbound transactions. Therefore you need to consider accessibility to your account.

If you are heavily dependent on cashier services, then a bank that offers an extensive branch network covering your local area is likely to be your best option.

Bank online for better current account deals!

If you have little time or little need to access a branch – if your salary and bills are pre-arranged, perhaps – then a provider that offers state-of-the-art online banking access and telephone support could prove more beneficial.

There are often better interest rates and benefits available, such as 0% overdraft facilities, because managing accounts online and via telephone reduces the costs of managing your account.

Many banks allow withdrawals and deposits to be made via the Post Office. See their current list of eligible bank accounts.

How can you benefit from an overdraft?

Most current accounts offer an overdraft facility, which can be used as a form of borrowing. The limit is usually negotiated with your bank and can normally be increased or decreased where required. Some banks offer a small interest free overdraft facility without request, but you should always check with your bank to avoid penalties. Interest charges apply to some or the entire overdraft, so it is always best to check the costs that you will incur.

Which4U: Quick Current-Account Comparison

Find the right account through Which4U by comparing bank accounts in our easy-to-use tables, which will allow you to compare the main differentiating factors, interest rates and overdraft facilities.

Simply select the account provider that offers the best deal for you and click ‘Apply’. You will then be taken to that bank’s website to make your application. In most cases, you should get an instant decision online!

 

 

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