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This comparison simply includes all savings accounts.

Santander
Everyday Current Account Santander
Open With £1
Account Type Current Account
Features Fee FREE Account Earn up to 15% cashback

Why we like it: No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

HSBC
Advance Current Account HSBC
Open With £1750
Account Type Current Account
Features Get £125 when you Switch

Why we like it: SPECIAL OFFER - £125 for SWITCHING to an HSBC Advance Account. Earn 1.00% AER/gross when you save between £25 and £250 per month. Arranged overdraft limit of at least £1,000 on account opening. Money banking app. No monthly account fee. Easy switching with the Current Account Switch Service. Must be 18 or older and be UK resident. Must pay in £1,750 per month or £10,500 over 6 months. Must be approved for an arranged overdraft of £1,000+. Get the £125 when switching to an HSBC Advance Account as a new customer with at least 2 Direct Debits or standing orders. Eligibility criteria and T&C’s apply. Offer may be withdrawn anytime

First Direct
1st Current Account First Direct
Open With £1
Account Type Current Account
Features Get £100 when you Switch

Why we like it: SPECIAL OFFER - £100 for SWITCHING to a First Direct 1st Account. Access to Regular Saver Account paying 1.00% AER/Gross fixed for 12 months if saving between £25 and £300 a month (up to £3,600 per year). £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. Mobile banking app. UK based contact centre. Easy switching with the Current Account Switch Service. Must be 18 or older and UK resident. Get the £100 when switching as a new customer and paying in at least £1,000 within three months of the account opening

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Features 0.60% AER Interest Up To £20,000 £5 pm Account Fee

Why we like it: Earn 0.60% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £5. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 0.55%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 0.7%

Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 3 Years
Interest AER 0.8%

Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 0.4%

Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 0.3%

Why we like it: Market Leading. Balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest. Eligible deposits covered by UK FSCS.

RCI Bank
95 Day Notice Account RCI Bank
Min deposit £1000
Term 95 Day Notice
Interest AER 0.45%

Why we like it: Unlimited withdrawals subject to 95 days notice.

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 4 Years
Interest AER 0.9%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 5 Years
Interest AER 0.95%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

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Instant Access Best Buys

RCI Bank »

RCI Bank offers a competitive instant access savings account.

  • 0.40% AER/Gross pa (variable) interest rate
  • Interest is paid monthly or annually
  • Withdrawals - Unlimited & no penalties
  • Online account
  • Minimum deposit - £100
  • FSCS Protected

Quick online application setup from RCI Bank

Aldermore Bank »

Aldermore Bank also offer an instant access account.

  • 0.30% AER/Gross pa (variable) interest rate
  • Interest is paid monthly
  • Unlimited payments and withdrawals
  • Online account
  • Minimum deposit - £1,000
  • FSCS Protected

Quick online application setup from Aldermore

 

Fixed Rate Best Buys

Access Bank 1 Year Fixed Rate Bond »

  • Fixed 1 Year 0.55% at time of writing
  • Interest paid annually
  • Open online
  • Minimum deposit - £5,000
  • FSCS Protected up to £85,000

Quick online application from Access Bank

Access Bank 2 Year Fixed Rate Bond »

  • Fixed 2 Year 0.70% at time of writing
  • Interest paid annually
  • Open online
  • Minimum deposit - £5,000
  • FSCS Protected up to £85,000

Quick online application from Access Bank

Access Bank 3 Year Fixed Rate Bond »

  • Fixed 3 Year 0.80% at time of writing
  • Interest paid annually
  • Open online
  • Minimum deposit - £5,000
  • FSCS Protected up to £85,000

Quick online application from Access Bank

High Interest Current Account

Santander Everyday Current Account »

An everyday bank account which has no monthly fee, no minimum funding per months and offers up to 15% cashback at chosen retailers. 

  • No minimum monthly funding
  • No monthly fee
  • Earn up to 15% cashback with Retailer Offers
  • Online and Mobile Banking with text and email alerts
  • FSCS Protected

For more information and to apply for Santander Everyday Current Account

HSBC Advance Current Account »

Get £125 for switching, and then earn 1.00% AER/gross on a regular savings account

  • £125 when switching to an HSBC Advance Account as a new customer
  • 1.00% AER/gross available to HSBC Advance customers who open a new Regular Saver account, saving between £25 and £250 per month
  • No monthly fee
  • Arranged overdraft limit of at least £1,000 on account opening
  • Money banking app
  • FSCS Protected

For more information and to apply for HSBC Advance Current Account

First Direct Current Account »

£100 for switching, with no account fee and no minimum monthly deposit

  • £100 when switching to a First Direct 1st Account as a new customer
  • 1.00% AER/gross available to HSBC Advance customers who open a new Regular Saver account, saving between £25 and £300 per month
  • No monthly fee
  • No minimum monthly deposit
  • £250 interest free overdraft
  • Mobile banking app
  • UK based contact centre
  • FSCS Protected

For more information and to apply for First Direct 1st Account

Santander 123 Account »

Whilst general interest rates are low some banks and building societies are offering high interest current accounts as an alternative. Santander's 123 Current Account offers a rate of 0.60% AER for savings.

  • Fixed interest on balances up to £20,000 - 0.60% AER
  • £5 monthly fee
  • Up to 3% cashback on household bills
  • Must pay in £500 per month
  • FSCS Protected

For more information and to apply for Santander 123 Account

Nationwide FlexDirect Current Account »

  • Earn 2.0% AER Fixed (1.98% gross pa) interest on balances up to £1,500 for the first 12 months
  • A minimum arranged overdraft of £1,000 with no monthly fees
  • No monthly fees
  • Need to pay in £1,000 pm
  • Fully FSCS protected up to £85,000
  • Apple Pay, Google Pay, Samsung Pay
  • Mobile app

Our view: With the Nationwide FlexDirect  bank account you get everything you need for everyday banking including a interest free arranged overdraft for 12 months (subject to your circumstances). You get in-credit interest of 2% AER (1.98% gross pa) which is very attractive in the current low interest environment we are in.

More info on Nationwide »

With so many different easy access savings accounts to choose from, it pays to shop around. We offer a selection of leading UK instant access accounts.

With UK savings rates at an all time low you need to take action to ensure your savings are getting the best interest deal possible.

Many savings accounts below-inflation interest rates, which means people's savings are being eroded in real terms. While there are many savings accounts on the market, many do not offer much of a financial advantage as they offer interest that only matches the base rate set by the Bank of England. We help you compare a selection of some of the best interest paying accounts. 

For savers looking to access their money regularly, a good instant access savings account will offer flexible withdrawal facilities while combining these with a good rate of interest.

See here for a comparison of leading UK instant access accounts 

If you are happy to lock your money away for a fixed term, fixed rate bonds or notice accounts offer better long-term rates of interest; such accounts generally do not allow savers to take money out until the bond has matured or provide restrictions on withdrawals and may apply penalties. The ability to access funds at short notice can be very helpful.

Surprisingly some of the best paying interest accounts available are current accounts. While many current accounts pay no interest at all, some pay up to 5% interest. Switching to a new current account is much quicker than it used to be. In September 2013 "7 Day Switching" was introduced - as long as your existing bank is signed up moving account should be painless. For latest current account deals use the dropdown menu and select high interest current accounts.

In the last few years we have seen the emergence of Peer to Peer accounts providing a way for savers to earn high levels of interest as high as 7%. Often referred to as crowd funding peer to peer websites bring together borrowers looking to get low rates on loans with savers looking to get a higher return on their savings. Peer to peer is regulated by the Financial Conduct Authority. For latest peer to peer deals use the dropdown menu and select peer to peer.  

Latest news

Top 3 picks for current accounts in 2021

Over 5.1 million UK bank and building society customers have switched their bank accounts using the free (and guaranteed) current account switching service which simplifies the process for customers. Read More »

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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

We've been comparing savings and current accounts for many years so you can trust you're in good hands.