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This comparison simply includes all savings accounts.

FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 2.00%

Why we like it: 2.00% interest for 12 months on balances up to £1,500 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. Access to Flexclusives - Select Credit Card and low personal loan rate. Must be aged 18 or older

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.

Starling Bank
Mobile App Bank Account Starling Bank
Monthly Account Fee £0
Account Type Mobile Bank Account
Interest AER 0.05%

Why we like it: Get set up in minutes. No paperwork, monthly fees or branch visits. 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. Real Mastercard exchange rates and real-time notifications in both currencies. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. Current account is completely free.: No charge for making electronic payments, domestic transfers or ATM withdrawals. Three-month interest holiday on the first £500 of an arranged overdraft. Earn Interest: current account pays 0.05% AER on balances up to £85,000.Card gone missing? Lock it in-app temporarily while you look for it or cancel it with a tap if you think it’s gone for good. Personal loan available that’s straightforward to use, competitively priced and tailored to you. Best British Bank and Best Current Account in 2018, 2019 and 2020 at the British Bank Awards. Awarded 5 stars by Defaqto too. Fully registered bank and a member of the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

FlexPlus Current Account Nationwide
Open With £1
Account Type Current Account
Features Free insurance

Why we like it: UK & Europe Breakdown Cover, Worldwide family travel and mobile phone insurance, and commission-free cash withdrawals and card payments abroad. Free mobile banking app, text alerts and secure online banking. Access to Flexclusives - Select Credit Card and low personal loan rate. £13 monthly account fee

FlexAccount Current Account Nationwide
Open With £1
Account Type Current Account
Features No monthly account fee

Why we like it: Everyday current accout. No monthly account fee. Access to Flexclusives - Select Credit Card and low personal loan rate.

Best Joint Accounts

Joint accounts can be very useful things. It’s an easy way to avoid arguments over household spending and bills an can help with saving for a large purchase, such as an expensive holiday.

Many couples don’t shop around for a current account and instead simply open one with the bank they are already with but this may not be offering the best deal.

While any bank will offer a joint account, couples should ideally look for one which pays high interest or offers some form of cashback or switch reward in order to maximise their joint savings. Compare accounts below:


Clydesdale Signature Current Account »

With a Signature account you get:

  • Annual travel insurance
  • UK breakdown cover
  • Mobile phone cover
  • Discounts from Sainsburys and Morrisons
  • Discounts on cinema tickets, holidays and concerts

This account has a £13.50 account fee - Click here for more information »

Santander 123

The appeal of the Santander 123 accounts are the cashback rewards.

This account does have a £5/month fee which is automatically taken from the account each month. 

You will earn interest on balances of up to £20,000 on this account which makes it a great option for joint saving.

The cashback you can receive on your household bills include:

  • 1% cashback on water and council tax bills and on your Santander monthly mortgage payments (up to a maximum of £1,000)
  • 2% cashback on gas bills and electricity bills.
  • 3% cashback on mobile, home phone, broadband and paid-for TV packages

Santander 123 Lite

If you’re not looking for high interest rates but are interested in a cashback deal, the Lite account may suit you more as the £5 account fee of the original 123 account is reduced to £1.

You will receive the same cashback on monthly bills and still have access to the 123 World offers and special deals which Santander offer as standard.

To qualify for the cashback on both of these accounts you must:

Pay at least £500 into your account each month

Have at least two active Direct Debits - you'll receive cashback on any qualifying household bills you pay by Direct Debit

Useful to Know

  • Household bills don’t include TV licence, maintenance contracts (e.g. boiler repair cover), other insurance contracts, commercial use or commercial mortgages.
  • This account does not offer interest on your balance.

NatWest Reward Account

NatWest also offer a cashback reward account. There are no minimum monthly payments for this account making it a great option for those who are unable to meet the high minimum payment requests of some other accounts. There is, however, a charge per month of three pound.

The rewards you can earn on this account are similar to the Santander 123 account in that you can earn cashback on your household bills.

As this account is a cheaper option than the Santander account it’s a great choice for those who pay a lot of household bills out of one account and would like to see some return on that.

The scheme is quite simple, you can automatically earn 3% on seven kinds of household bills, including council tax. As soon as you reach £5 in rewards you can exchange it for £5 which you can convert to money and transfer in to your current account or even use towards your NatWest credit card balance.

NatWest state that:

"There's no limit to the rewards you can earn. On average, currently our customers earn £120 per year in rewards, based on average monthly Direct Debits of £333 (£4,000 per year) and excluding the monthly fee."

High Interest Accounts

If you’re not likely to have a lot of bills coming out of the joint account then a high interest account is going to offer a better deal for you. Currently the highest interest accounts include:

Nationwide FlexDirect Current Account

Nationwide Building Society is the second-most-switched-to bank at the moment.

Nationwide FlexDirect pays 5% AER fixed for a year on £2,500, which would give you a maximum £122.25 interest. This rate is fixed for the first year you hold the account, which gives some security in a world of uncertain savings rates. The rate falls to 1% in subsequent years.

To incur the interest, you'll need to pay in £1,000+/month. So if you're after an account that pays you interest when you have money in your account, and if you prefer to do your banking online or over the phone then this could be the current account for you.

TSB Classic Plus Current Account

Described as the ‘current account that gives you plusness’, TSB offer a great deal on its Classic Plus Current Account. This account has one of the lowest minimum monthly pay-ins at £500 per month so is well-suited to anyone who finds it difficult to meet the minimum payments of some other accounts.

They also offer 5% AER (variable) interest on balances up to £2,000. Interest is paid monthly and to earn it you simply pay in a minimum of £500 a month and register for Internet Banking, paperless statements and paperless correspondence.

  • They’re also currently offering 5% interest on the first £100 of contactless payments which you make.

Switch Bonuses

Currently the Co-operative bank and Halifax are both offering monthly cash rewards for switching to them.
The Co-operative’s Everyday Rewards incentive allows you to earn up to £5.50 per month for switching and depositing £800 a month in the account with 4 active Direct Debits

Alternatively the Halifax Reward Current Account will pay £5 into your joint account each month, giving you £60 in a year. To earn this reward you must pay £750 a month and pay two different Direct Debits from the account to trigger the bonus.

First Direct are also offering £100 cash for switching to them which is more than the monthly reward totals of both Halifax and Co-operative.

As these offers only last a year customers need to be proactive with switching their accounts after the year to maximise their saving potential.

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