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Compare Best Bank Accounts For Your Money

first direct
1st Account first direct
Open With £1
Account Type Current Account
Features £175 welcome bonus when you switch to a 1st Account

Why we like it: SPECIAL OFFER - Switch to a 1st Account and bank £175*. You also get access to a 7% AER/gross fixed for 12 months Regular Saver Account 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. No first direct fees for when spending abroad, withdrawing cash from the UK or when making a debit card payment in a foreign currency in the UK. Mobile banking app. UK based contact centre. For the £175 switching cash offer you need to open a 1st Account, switch your everyday banking to us using the Current Account Switch Service and pay in at least £1,000 within three months of opening the account. This offer is only available to new First Direct customers, or HSBC customers who haven't opened an account since 1 January 2020. *Complete a full switch using the Current Account Switch Service, including at least 2 Direct Debits or standing orders. Then deposit £1,000, make 5+ debit card payments, and log on to digital banking, within 30 days of your account opening. New customers only, who haven’t previously held a first direct product. Sorry, we also can’t offer this to people who have opened an HSBC current account on or after 1 January 2018. Offer can be withdrawn at any time. Subject to status. UK residents only

Santander
Everyday Current Account Santander
Open With £1
Account Type Current Account
Features Fee FREE Account every day banking needs

Why we like it: No minimum monthly funding or monthly fee to maintain the account. Get cashback, vouchers, prize draws and other offers personalised to you when you use Santander Boosts (you must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking). 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.

NatWest
Select Account NatWest
Open With £0
Account Type Current Account
Features Fee FREE Everyday Account

Why we like it: An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility and lending criteria). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% (variable). Assumed credit limit: £1,200. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing of £500: Zero days (you’ve not yet used your overdraft) - you’d pay in total £0.00. One day - you’d pay in total £0.46. Five days - you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87

Royal Bank of Scotland
Select Account Royal Bank of Scotland
Open With £0
Account Type Current Account
Features Fee FREE Everyday Account

Why we like it: An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility and lending criteria). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% (variable). Assumed credit limit: £1,200. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing of £500: Zero days (you’ve not yet used your overdraft) - you’d pay in total £0.00. One day - you’d pay in total £0.46. Five days - you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87

Nationwide
FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Features 5% Interest AER on balances up to £1,500

Why we like it: 5.00% AER fixed (4.89% gross pa) in-credit interest on balances up to £1,500 for the first 12 months. No monthly account fee. Interest-free arranged overdraft for 12 months. Access to mobile banking secure app. Manage all your Nationwide accounts in one place. View and search your transactions. Freeze and unfreeze your Visa Debit card. Report your card lost or stolen and order a new card. Manage your account online, by phone or in branch. Access to other Nationwide products by becoming a member of Nationwide. Current account members get access to exclusive savings accounts Must be 18 or older and a UK resident. Must pay a minimum of £1,000 into the account each month, from an external source (i.e. not another Nationwide account). After the first 12 months, interest rate drops to 1% AER (0.99% gross a year) variable. After 12 months, an interest rate of 39.9% a year compounded (variable) will apply to your arranged overdraft.

Santander
Edge Current Account Santander
Open With £500
Account Type Current Account
Features Monthly cashback and access to 7% savings account

Why we like it: Earn 1% cashback every month on selected household bills paid by Direct Debit, capped at up to £10 each month and 1% cashback every month on supermarket and travel spend when you use your debit card, capped at £10 each month. Access to Santander Edge Saver with 7.00% AER / 6.78% gross (variable) interest up to £4,000 with 2.50% AER / 2.47% gross (variable) bonus rate for the 12 months from opening. Get cashback, vouchers, prize draws and other personalised offers when you use Santander Boosts (must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking). No fees or charges for international payments or CHAPS payments. Arranged overdraft interest rate of 39.94% APR/EAR (variable). For cashback offer you must pay a minimum of £500 into your account each month, have 2 active Direct Debits, be over 18 and live in the UK permanently. Paper-free account. £3 monthly fee

NatWest
Reward Account NatWest
Open With £1250
Account Type Current Account
Features Earn Up to £5 in Rewards a month

Why we like it: Earn up to £5 per month back: £4 in Rewards for 2 or more Direct Debits (2 of the Direct Debits need to be +£2 each) and £1 with 1 mobile app log in. £2 monthly fee applies. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility and lending criteria). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. Representative example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% (variable). Assumed credit limit:  £1,200. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing of £500: Zero days (you’ve not yet used your overdraft) - you’d pay in total £0.00. One day - you’d pay in total £0.46. Five days - you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87

Royal Bank of Scotland
Reward Account Royal Bank of Scotland
Open With £1250
Account Type Current Account
Features Earn Up to £5 in Rewards a month

Why we like it: Earn up to £5 per month back: £4 in Rewards for 2 or more Direct Debits (2 of the Direct Debits need to be +£2 each) and £1 with 1 mobile app log in. £2 monthly fee applies. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility and lending criteria). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. Representative example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% (variable). Assumed credit limit:  £1,200. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing of £500: Zero days (you’ve not yet used your overdraft) - you’d pay in total £0.00. One day - you’d pay in total £0.46. Five days - you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87

Santander
Edge Up Current Account Santander
Open With £1500
Account Type Current Account
Features 3.50% AER Interest on balances up to £25,000

Why we like it: 3.50% AER/3.45% gross (variable) on balances up to £25,000. 1% cashback (up to £15 a month) on selected household bills when you pay by Direct Debit. 1% cashback (up to £15 a month) at supermarkets and on travel costs when you use your debit card (exclusions apply). Make international payments with no extra fees (the bank receiving the payment may still apply charges). There's also no charge for making CHAPS payments from this account. No fees for using Santander Edge Up debit card to withdraw cash and make payments outside the UK in the local currency. Get cashback, vouchers, prize draws and personalised offers with Santander Boosts , free rewards service. Online and Mobile Banking available with text and email alerts. Must be 18 or older and live in the UK permanently. £5 monthly fee for maintaining the account that will automatically be taken from the account each month. Must pay a minimum of £1,500 into the account each month. Must have 2 active Direct Debits. Arranged overdraft facility (subject to status). If you use an arranged overdraft you’ll be charged an interest rate of 39.94% APR / EAR (variable). Online and Mobile Banking available with text and email alerts

Nationwide
FlexAccount Current Account Nationwide
Open With £1
Account Type Current Account
Features Everyday current account with no monthly fee

Why we like it: Everyday current account. No monthly account fee. Access to mobile banking secure app. Manage all your Nationwide accounts in one place. View and search your transactions. Freeze and unfreeze your Visa Debit card. Report your card lost or stolen and order a new card. Access to other Nationwide products by becoming a member of Nationwide. Current account members get access to exclusive savings accounts. Must be 18 or older and a UK resident. 0% interest on any balance. 39.9% EAR overdraft charge.

Chase
Current Account Chase
Open With £0
Account Type Current Account
Features 1% cashback on your everyday debit card spending for your first 12 months. Cashback exceptions and limits apply. Plus access to a 4.1% AER easy access saver account

Why we like it: Earn 1% cashback on your everyday debit card including contactless spending. Available for your first 12 months for new customers. Max £15 per month. Cashback exceptions apply. Access to a Chase saver account paying 4.1% AER (4.02% gross) variable. Interest earned daily and paid monthly. Easy access to your money with no minimum opening balance. 5% interest on a round up account- choose to round up your spending to the nearest £1 and you'll get 5% AER (4.89% gross) variable interest on your round up account, paid monthly. Zero fees from Chase when you use your Chase debit card, both at home and away. No ATM fees applied by Chase. Open extra current accounts in seconds, for free. Use them to spend from, pay bills with Direct Debits, budget, and set aside money in the way that works best for you. Must be 18+, be a UK resident and have a smart phone and UK mobile number. No account opening fees and no monthly fee. No minimum monthly funding. In-app card control - you decide how and where your card works. You can stop it from making contactless or gambling payments, from working abroad, or from making cash withdrawals. Numberless card - your card details are stored in the app, so no one can see them but you. 24/7 customer support- either over the phone or by in app messaging

Nationwide
FlexPlus Current Account Nationwide
Open With £1
Account Type Current Account
Features Vehicle, Travel and Mobile Phone Insurance Included

Why we like it: Vehicle breakdown cover in the UK and the rest of Europe. Whether you’re driving or a passenger in a vehicle, you’re covered by the AA. With no excess to pay and unlimited callouts. Travel insurance for your family, worldwide. Worldwide family travel insurance, including winter sports, golf, weddings and business cover from U K Insurance Limited. Mobile phone insurance for the whole family. Your phone and those belonging to your partner and dependent children are covered for loss, theft, damage and faults by Lifestyle Services Group Limited. Access to mobile banking secure app. Manage all your Nationwide accounts in one place. View and search your transactions. Freeze and unfreeze your Visa Debit card. Report your card lost or stolen and order a new card. Access to other Nationwide products by becoming a member of Nationwide. Current account members get access to exclusive savings accounts. Must be 18 or older and a UK resident. £13 monthly account fee. 39.9% EAR overdraft charge.

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Bank Accounts

NatWest Select Current Account »

A 5* Defaqto rated everyday bank account which has no minimum monthly deposit and no fee. 

  • No minimum monthly funding
  • No monthly fee
  • Great money management tools with our mobile banking app. ‘Criteria Apply’
  • Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply
  • Arranged overdraft available (subject to eligibility)
  • FSCS Protected

For more information and to apply for NatWest Select Current Account

 

NatWest Reward Current Account »

A reward current account, earn up to £5 a month.  

  • Earn up to £5 per month back in rewards: £4 for 2 or more Direct Debits (2 of the Direct Debits need to be +£2 each) and £1 with 1 mobile app log in
  • Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners
  • Great money management tools with our mobile banking app. ‘Criteria Apply’
  • Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply
  • Arranged overdraft available (subject to eligibility)
  • £2 monthly fee
  • Must pay in £1,250 per month
  • FSCS Protected

For more information and to apply for NatWest Reward Current Account

first direct 1st Account »

Access to 7% AER/gross on linked regular savings account.

  • 7% AER/gross for 12 months, available to first direct 1st Account customers who open a new Regular Saver account, saving between £25 and £300 per month
  • No minimum monthly funding
  • No monthly fee
  • £250 interest free overdraft (subject to status)
  • Money banking app
  • UK based contact centre
  • FSCS Protected

For more information and to apply for first direct 1st Account

Santander Everyday Account »

Fee free account for everyday needs.

  • No minimum monthly funding
  • No monthly fee
  • Get cashback, vouchers, prize draws and other offers personalised to you when you use Santander Boosts
  • Mobile banking app
  • Arrange overdraft facility available (subject to status)
  • FSCS Protected

For more information and to apply for Santander Everyday Account

Santander Edge Up Account »

3.50% AER interest on balances up to £25,000 and cashback available.

  • 3.50% AER/3.45% gross (variable) on balances up to £25,000
  • 1% cashback (up to £15 a month) on selected household bills when you pay by Direct Debit
  • 1% cashback (up to £15 a month) at supermarkets and on travel costs when you use your debit card (exclusions apply)
  • Make international payments with no extra fees
  • £5 monthly fee
  • Must pay a minimum of £1,500 into the account each month
  • Arranged overdraft facility (subject to status)
  • FSCS Protected

For more information and to apply for Santander Edge Up Account

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' interest rates are below inflation, 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. 

A good instant access savings account will offer flexible withdrawal facilities with good rates of interest, and could be suited to savers looking to access their money regularly.

See here for a comparison of leading UK instant access accounts 




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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.