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This comparison simply includes all savings accounts.

Nationwide
FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 5.00%

Why we like it: 5.00% interest for 12 months on balances up to £2,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Must be aged 18 or older.

Nationwide
FlexPlus Current Account Nationwide
Open With £1
Account Type Current Account
Interest AER 3.00%

Why we like it: 3.0% AER fixed interest on balances up to £2,500. No fees on arranged overdrafts up to £250. UK & Europe Breakdown Cover, Worldwide family travel insurance. Free mobile banking app, text alerts and secure online banking. £13 monthly account fee

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 1.50%

Why we like it: Earn 1.50% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.

First Direct
Current Account First Direct
Open With £1
Account Type Current Account
Features FREE £250 Overdraft £150 Gift For Switching

Why we like it: Free gift worth up to £150 for switching into account. £250 interest free overdraft. Free banking if paying over £1,000 per month. Satisfaction guarantee - £100 if you leave within 6 months

Nationwide
FlexAccount Current Account Nationwide
Open With £1
Account Type Current Account
Features 3 months interest-free overdraft No monthly account fee

Why we like it: Everyday current account. 3 months interest-free overdraft and no monthly account fee

Barclays
Bank Account Barclays
Open With £1
Account Type Current Account
Features Earn rewards of up to £180

Why we like it: Earn rewards of up to £180 a year when you bank with Barclays - Get an annual loyalty reward of £84 plus £60 on your Barclays residential mortgage and £36 on your Barclays home and contents insurance. Start earning rewards with a monthly £3 fee based on £800 paid into your account and 2 direct debits paid out every month

Compare Bank of Scotland Current Accounts

Bank of Scotland offer a range of current accounts for all needs. You can add the free ‘Vantage’ reward to any of their accounts, which allows you to earn earn 3% AER (2.96% Gross) variable interest on your balance of £3,000 - £5,000.

To qualify for this, you must pay at least £1000 into your account each calendar month, stay in credit (above £0) during the monthly billing period and pay at least two different Direct Debits from your account each calendar month. This is a great option if you can meet the requirements, as otherwise Bank of Scotland does not pay interest on your balance.

All Bank of Scotland accounts offer the following:

  • Access to Internet and Mobile Banking, 24-hour telephone services as well as any of their branches in Scotland
  • A great range of tools you can add to your account, such as control to stop you going overdrawn
  • A VISA debit card enabled for contactless payments
  • Current Account Switch Guarantee
  • Free mobile text alerts
  • Arranged Overdraft

Their accounts include:

Classic Account

This is a basic bank account which does everything you would expect from a standard account, such as making payments and setting up Direct Debits.

This account comes with an overdraft with a £25 buffer at 0% EAR variable interest. The overdraft interest rate on the remainder would be 19.89% EAR variable. A monthly overdraft usage fee of £6 does apply.

Silver Account

This account comes with a charge of £9.95 a month but comes with added value benefits.

These include:

  • European travel insurance for you and your family including winter sports cover (for account holders under 65)
  • AA breakdown cover with roadside assistance and accident management
  • Mobile phone insurance
  • Card loss assistance

This account comes with a 0% interest buffer of £50 and the remainder will be 19.89% EAR variable. A Monthly Overdraft Usage Fee of £6 will apply.

Platinum Account

This account comes with a charge of £17 a month but comes with added value benefits. These include:

  • Worldwide travel insurance for you and your family including winter sports cover (for account holders under 80)
  • AA breakdown cover with roadside assistance, relay, home start and accident management
  • Mobile phone insurance
  • Card loss assistance.

This account comes with a 0% interest rate on £300 and the remainder will be 19.89% EAR variable. A Monthly Overdraft Usage Fee of £6 will apply.

Overall Bank of Scotland offer some great options, particularly due to their optional ‘Vantage’ add-on which allows you to earn interest on any of these accounts. Users who have separate insurance policies and desire a higher rate of 0% interest free overdraft could save with the Silver and Platinum accounts.

Latest news

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

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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.