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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.

NatWest
Reward Platinum Account Natwest
Open With £1500
Account Type Current Account
Features 2% in Rewards £125 for switching

Why we like it: Get £125 when you switch a current account held elsewhere to this account. Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On average Reward customers earn £83 a year in Rewards (not incl. monthly fee) based on monthly bills of £345. Also includes family worldwide travel and mobile phone insurance. £20 monthly fee

Disclaimer: To apply for this account you must be aged 18 or over and a UK resident

NatWest
Reward Silver Account Natwest
Open With £1500
Account Type Current Account
Features 2% in Rewards £125 for switching

Why we like it: Get £125 when you switch a current account held elsewhere to this account. Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On average Reward customers earn £83 a year in Rewards (not incl. monthly fee) based on monthly bills of £345. Also includes personal European travel and mobile phone insurance. £10 monthly fee

Disclaimer: To apply for this account you must be aged 18 or over and a UK resident

NatWest
Reward Account Natwest
Open With £1500
Account Type Current Account
Features 2% in Rewards £125 for switching

Why we like it: Get £125 when you switch a current account held elsewhere to this account. Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On average Reward customers earn £83 a year in Rewards (not incl. monthly fee) based on monthly bills of £345. £2 monthly fee

Disclaimer: To apply for this account you must be aged 18 or over and a UK resident

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

NatWest
Select Account Natwest
Open With £1500
Account Type Current Account
Features 2% in Rewards £125 for switching

Why we like it: Get £125 when you switch a current account held elsewhere to this account. Everyday bank account. Arranged overdraft available. Award winning mobile banking app. No monthly fee

Disclaimer: To apply for this account you must be aged 18 or over and a UK resident

Compare the best current accounts to switch to

Many customers stick with the same current account for years, never really giving much thought to whether they are getting a good deal or not. In reality, the features and benefits of current accounts, including the interest rates they pay on your balance vary significantly between providers.

If you have not compared current accounts recently, there is a good chance that you are not getting the best deal currently available and it is well worth looking around to see what different providers have to offer you.

What to look for in a current account

There are various features to look out for when deciding which is the best current account to switch to. Depending on your financial situation and personal circumstances, the importance of these factors will likely differ, as will which current account is best for you.

Interest rates

If you are likely to stay in credit, the interest rate you earn can make a big difference. Likewise, if you are in your overdraft a lot, the interest you are charged can soon add up.

Joining bonuses

Many banks and building societies offer cash rewards for switching your current account to them, as well as other introductory offers which may appeal.

Minimum deposits

Many current accounts require you to pay in a minimum amount to open the account and a minimum amount each month to keep it.

Maximum deposit

While current accounts don’t tend to have a maximum deposit as such, they do normally only pay interest up to a certain balance. If you are likely to be significantly in credit, make sure you choose an account with a high interest threshold or explore other options for your savings.

Fees

Many current accounts are free, but some charge a monthly account fee. These tend to offer extra features, but make sure you know what you are getting for your money so you can decide whether it is worth it.

Cashback

Many current accounts offer cashback when you use the account to pay household bills. This can soon add up and is well worth looking into if you are a regular bill payer.

Overdraft

If you need an overdraft, make sure to check what the limit is and what costs there are associated with it e.g. interest rates, fees for going over your limit etc.

Additional benefits

Many current accounts offer additional benefits, such as free anti-virus software, railcards and more. These can add up to significant savings if those benefits are useful to you.

Current account best buys

First Direct Current Account allows you to open an account with just £1 and give you a free £250 overdraft and £100 for switching.

TSB Classic Plus pays one of the best rates of interest at 3% AER on balances up to £1,500. This is a better rate than many savings accounts. You can also get up to £10 cashback every month.

Santander 123 Account pays an attractive 1.5% AER on your entire balance up to £20,000. This is a much higher limit than many current accounts, so a good option for those with significant savings.

Find the best current account to switch to

Knowing which current account offers you the best deal can be a challenge and most customers don’t want to spend hours researching all of the different options before making a decision.

Our current account comparison tool (see the top of the page) makes life much simpler. It shows you the best deals on current accounts available now from all the leading lenders, making it quick and easy to compare the different accounts and see which offers the best deal for you.

Latest news

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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.