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This comparison simply includes all savings accounts.

Yorkshire Building Society
Internet Saver Plus Yorkshire Building Society
Min deposit £10000
Term Instant Access
Interest AER 1.33%

Why we like it: Tiered interest: £1 to £10,000 – 1.10% Gross/AER, £10,001 to £50,000 – 1.33% Gross/AER, £50,001 to £500,000 – 1.38% Gross/AER. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 1 Year
Interest AER 2.60%

Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older. No withdrawals permitted

Investec Savings
Fixed Rate Bond Investec Savings
Min deposit £5000
Term 1 Year
Interest AER 2.55%

Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted. Can’t have held an Investec Online Flexi Saver or Fixed Rate Saver in the last 12 months

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 1.32%

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)

First Direct
1st Account First Direct
Open With £1
Account Type Current Account
Features Get £150 to switch or £20 to open

Why we like it: SPECIAL OFFER - Get £150  when you switch to a First Direct 1st Account, or if you're not ready to switch £20 welcome when you open a current account. You also get access to a 3.5% 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. Mobile banking app. UK based contact centre. For the £150 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. To get the £20 welcome cash offer you need to open a 1st Account and log into our app / online banking within three months of opening the account. This offer can’t be added to any other joiner or switcher offer

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Features 0.75% AER Interest Up To £20,000

Why we like it: Earn 0.75% 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 £4. 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.

Starling Bank
Mobile App Bank Account Starling Bank
Open With £0
Account Type Mobile Bank Account
Features Fee FREE Account Pays 0.05% AER

Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. Send money abroad: Fast and secure money transfers to bank accounts in 38 countries worldwide. No fees when you pay with your card abroad or withdraw money. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Voted best British Bank and Best Current Account 2018 - 2021 at the British Bank Awards. Awarded 5 stars by Defaqto. 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 2 Years
Interest AER 2.90%

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

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 1.25%

Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Hampshire Trust Bank
Online Easy Access Account Hampshire Trust Bank
Min deposit £1
Term Instant Access
Interest AER 1.15%

Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2021. Must be UK resident and be aged 18 or older

Leeds Building Society
2 Year Regular Saver Account Leeds Building Society
Min deposit £100
Term 2 Years, with one free withdrawal each year
Interest AER 1.45%

Why we like it: Monthly regular saver account. Deposit up to £250 per month (maximum £6,000 over the term). Withdrawals are limited to 1 each year without loss of interest (including account closure). Further withdrawals (including account closure) will be subject to 30 days’ loss of interest on an equivalent amount to that withdrawn. Interest paid annually. Open and manage online. FSCS Protected. Minimum opening and operating balance £100. If the balance falls below £100, the rate of interest which shall apply is 0.05% Gross/AER. Variable interest rate. Must be UK resident and be aged 18 or older

Brown Shipley
Easy Access Account Brown Shipley
Min deposit £1000
Term Instant Access
Interest AER 1.10%

Why we like it: Register for a free Raisin UK Account to apply for product and receive a £25 cash bonus for deposits of £10,000 or more. Interest paid monthly. Maximum deposit £85,000. FSCS Protected. Must be UK resident and aged 18 or older.

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How to open a bank account online

Are you wondering what steps you need to open a bank account online? If so, read on. Opening a bank account online is easier than you might think. In fact, you can get an online bank account up and running in a very short time frame.

What can I do with an online current account?

Online current accounts let you complete a range of everyday transactions without visiting a physical branch. These activities can include making payments to companies and individuals, checking your balance and sending funds from one of your accounts to another. As long as you have an internet connection, you can manage your online current account from anywhere. The vast majority of banks and building societies allow you to use online banking these days. You can also open accounts with many banks that don’t have brick-and-mortar branches.

How do I open a current account online?

It only takes a few moments to open an online bank account. You’ll normally need to go to the bank’s website and complete an application form. The bank will need personal details like your name, age and address. You will also need to provide proof of ID, such as a copy of your driving licence and a recent utility bill. Once you have been approved, you can maintain the account online. Some banks may ask you for details like your income and occupation so they can offer other relevant services to you.

How do I find the right online banking service?

When you’re considering opening an online bank account, you need to find out if there is a fee to pay. There may be other requirements you need to fulfil to qualify, such as paying in a specific amount each month. Find out whether there’s an overdraft facility and what the interest rate is if you do go overdrawn. You should also find out whether you can earn interest on your balance and how much you’ll be paid. Some accounts come with extra features like breakdown cover and travel insurance.

What kind of features do digital bank accounts offer?

Banks with no physical branches are known as ‘digital banks’. Most or all of your banking activities can be completed via an app on your phone, including setting up standing orders. With these services, you’ll be sent notifications that alert you to any spending activity such as a card payment. Some of these services allow you to set aside specific sums for savings and to withdraw cash overseas without being charged a fee. T&Cs apply when you sign up for any banking service, so it’s always worth reading these before you sign up for an account.

A range of online banking options

There are many options available to you whether you’re interested in internet banking only, opening a student account, savings accounts, or if you want to switch your current account. Many banks will give you an overdraft if you have a good credit rating, but avoid going over your arranged overdraft limit as fees can be high. Overdrafts are often repayable on demand. Many surveys into online banking have been carried out over recent years. The results represent the view that more and more people are choosing to manage their money online.

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