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This comparison simply includes all savings accounts.

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 0.6%

Why we like it: Earn 0.60% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm.

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.

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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.