Change Current Account

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This comparison simply includes all savings accounts.

Most Popular Highest Rate Opening Amount

1st Account

Features £175 welcome bonus when you switch

Open With £1

Account Type Current Account

1st Account first direct

Open With £1

Account Type Current Account

Features £175 welcome bonus when you switch

View deal

SPECIAL OFFER - Switch to a 1st Account and get £175*. Requires credit check. New customers only and T&Cs apply.

More Information

Why we like it

Get access to a Regular Saver Account - Put away between £25 and £300 for a fixed 12 month term. If you save £300 every month for 12 months and qualify for the 7.00% AER/gross p.a. interest rate, you'll earn approximately £136.50 interest (gross). Interest is calculated daily and paid 12 months after you opened the account. AER stands for Annual Equivalent Rate. This shows you what the rate would be if interest were paid and compounded each year. Gross is the rate of interest if interest were paid and not compounded each year. No partial withdrawals allowed. Early closure will result in interest being paid at the standard account variable rate. £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. No first direct fees for when spending abroad, withdrawing cash from the UK or when making a debit card payment in a foreign currency in the UK. Mobile banking app. UK based contact centre. Representative Example: How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing. 0% EAR variable on the first £250, 39.9% EAR variable thereafter, giving a representative rate of 30.5% APR variable (assumed arranged overdraft £1,200). For customers with an offset mortgage linked to a 1st Account, the interest-free limit will not apply. *Within 45 days of your account opening you need to: switch to first direct using the Current Account Switch Service (including at least 2 Direct Debits or standing orders), deposit £1,000, make 5+ debit card payments, and log on to digital banking. New customers only, who haven’t previously held a first direct product. Sorry, first direct also can’t offer this to people who have opened an HSBC current account on or after 1 January 2018. Offer can be withdrawn at any time. Subject to status. UK residents only

Details

Minimum Deposit for Offer	Interest Paying
Minimum Age	18
UK Resident	Yes

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When to switch current accounts

Many people do not realise the benefits they can receive by changing their bank account – whether to a different one with the same bank or building society, or a new provider altogether.

Different current accounts can offer significantly different rates of interest and other benefits, which can make switching a good idea. Switching your current account is now relatively straightforward and hassle-free thanks for the Current Account Switch Service (more on which below).

Many current accounts allow you to:

• Earn attractive rates of interest on your savings
• Get cashback on household bills
• Receive other benefits, such as free insurance or anti-virus software

It is worth regularly checking to see whether you can find a better deal, especially if your circumstances have changed since you opened your current account e.g. you now tend to be in credit rather than in your overdraft, or you have moved from rented accommodation to owning your own home.

Current Account Switch Service

The Current Account Switch Service makes changing current accounts fast, simple and stress-free. It covers 99% of UK current accounts, so chances are both the account you have now and the one you want to move to will be eligible.

All you have to do is ask your new bank or building society to move your old account using the Current Account Switch Service. They will then handle the whole process of moving your account over on a date of your choosing, preserving all of your existing Direct Debits and standing orders.

This means you don’t have the hassle of cancelling all your payments and restarting them from your new account, saving you time and ensuring you don’t miss any payments.

Find the best current accounts to switch to

If you are thinking of changing your current account, make sure to compare what is currently available from all the top providers. The current account comparison tool at the top of this page lets you quickly and easily compare deals from all the leading banks and building societies.

Three of the most popular current accounts right now, offering great interest rates and benefits are:

First Direct 1st Account - £175 cash switching bonus

First Direct 1st Account offer a £175 incentive for switching to their 1st Account. You will need to switch your everyday banking to First Direct using the Current Account Switch Service including at least two Direct Debits or Standing Orders, deposit a minimum of £1,000 (in single or multiple deposits) and register and log onto digital banking within 45 days of opening your first direct 1st Account.

Santander Everyday Current Account - £150 cash for switching

Switch to the Santander Everyday Current Account and you will receive £150 cash. You have to complete a full switch to a Santander Everyday Current Account within 60 days, set up 2 Direct Debits, pay in £1,500 and log into Online or Mobile Banking.

Santander Edge Current Account - £150 cash for switching

Santander are offering a £150 incentive to switch to their Edge Current Account. To qualify, again, you must complete a full switch to a Santander Edge Current Account using the Current Account Switch Service, set up 2 active Direct Debits and pay in £1,500 within 60 days

Santander Edge Up Current Account - £150 cash for switching

Santander also offer a £150 bonus if you switch to their Edge Up Current Account. To qualify you complete a full switch to a Santander Edge Up Current Account using the Current Account Switch Service, set up 2 active Direct Debits and pay in £1,500 within 60 days