Compare High Interest Current Accounts
High Interest Current Accounts
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.
Finding the best current account
While the average easy access savings account is paying just under 0.4% interest, surprisingly some of the best interest-earning accounts in the UK market presently are current accounts.
With a number of banks keen to attract new customers some high interest current accounts are paying competitive interest. These accounts have different criteria and we have summarised below some of the most attractive accounts currently on offer:
Santander 123 Current Account »
Santander's popular 123 Current Account combines a competitive interest rate of 1.5% AER with up to 3% cashback on household bills.
- 1.5% AER payable on entire balances up to £20,000
- Up to 3% cashback on household bills - 1% on water, council tax bills and Santander mortgage payments, 2% on gas and electricity bills, and 3% on mobile phone, home phone, broadband and paid-for TV packages
- Monthly fee of £5
- Access to 1|2|3 World offers, including preferential rates and special deals on other Santander products
- Must pay in £500 per month
- FSCS Protected
Click here for more information and to apply for Santander 123 Current Account