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This comparison simply includes all savings accounts.

NatWest
Select Current Account Natwest
Open With £0
Account Type Current Account
Features Get £150 when you Switch

Why we like it: SPECIAL OFFER - Get £150 if you switch from another bank with Current Account Switcher Service until 5pm on 07/04/22. Terms & Conditions apply. Fee Free Account. An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable. To apply you need to be 18+ and a UK resident. No monthly fee. For Switcher offer pay in at least £1250 and log into mobile banking by 12/05/22. Online only and account and app eligibility criteria apply

NatWest
Reward Current Account Natwest
Open With £1250
Account Type Current Account
Features Get £150 when you Switch

Why we like it: SPECIAL OFFER - Get £150 if you switch from another bank with Current Account Switcher Service until 5pm on 07/04/22. Terms & Conditions apply. Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each, or earn £1 a month in rewards with 1 mobile app login. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable. To apply you need to be 18+ and a UK resident. No monthly fee. For Switcher offer pay in at least £1250 and log into mobile banking by 12/05/22. Online only and account and app eligibility criteria apply

Santander
Everyday Current Account Santander
Open With £1
Account Type Current Account
Features £140 Cashback when you Switch

Why we like it: SPECIAL OFFER – £140 when you switch to Santander Everyday Current Account. T&Cs apply. No minimum monthly funding or monthly fee to maintain the account. Earn up to 15% cashback with Retailer Offers. Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000. £140 cashback when you complete a full switch to a Santander Everyday Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.

First Direct
1st Account First Direct
Open With £1
Account Type Current Account
Features Get £130 when you Switch

Why we like it: SPECIAL OFFER - £130 for SWITCHING to a First Direct 1st Account. Access to Regular Saver Account paying 1.00% AER/Gross fixed for 12 months if saving between £25 and £300 a month (up to £3,600 per year). £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. Mobile banking app. UK based contact centre. To qualify, switch using the Current Account Switch Service, deposit £1000 within 3 months of account opening. New customers only that have not opened a HSBC account on or after 1 Jan 2018

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Features £140 Cashback when you Switch

Why we like it: SPECIAL OFFER – £140 cashback when you switch to a Santander 1|2|3 Current Account. T&Cs apply. Earn 0.30% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% cashback on household bills - 1% on council tax bills, Mobile and home phone bills, broadband and paid-for TV packages, and Santander monthly mortgage payments. 2% on Gas and electricity bills, Santander Home Insurance premiums and Santander Life Insurance premiums, and 3% on water bills. Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000. £140 cashback when you complete a full switch to a Santander 1|2|3 Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.

Santander
123 Lite Current Account Santander
Open With £500
Account Type Current Account
Features £140 Cashback when you Switch

Why we like it: SPECIAL OFFER – £140 cashback when you switch to a Santander 1|2|3 Lite Current Account. T&Cs apply. Up to 3% cashback on selected household bills, capped at £5 for each cashback tier each month. Earn up to 15% cashback with Retailer Offers. Easy to manage online or on mobile app. Get access to a range of 123 offers. Arranged Overdraft facility (subject to status) - 39.94% APR / EAR (variable). Must be 18 or older and UK resident. Customers must pay a minimum of £500 into account each month, have 2 active Direct Debits, log onto Online or Mobile Banking at least once every 3 months. Must not currently hold 2 Reward accounts. £2 monthly fee. £140 cashback when you complete a full switch to a Santander 1|2|3 Lite Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.

Starling Bank
Mobile App Bank Account Starling Bank
Open With £0
Account Type Mobile Bank Account
Features Fee FREE Account Pays 0.05% AER

Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes. 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. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. 3 month interest holiday on the first £500 of an arranged overdraft. Voted best British Bank and Best Current Account 2018 - 2021 at the British Bank Awards. Awarded 5 stars by Defaqto. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

Monese
Multi-Currency Mobile App Bank Account Monese
Maximum Monthly Fee £14.95
Account Type Mobile Bank Account
Features Fast Free Payments to 31 countries

Why we like it: Open a GBP and EUR current account using your mobile in minutes, with no credit checks and no proof of address required. Track your account activity in real-time, get an overview of your monthly outgoings, set budgets and set your savings aside from your day-to-day spending. Get instant updates on your mobile whenever you receive or spend money. Add money to your account instantly by debit card or bank transfer. Spend on your Monese card and make ATM withdrawals worldwide with fee-free allowances and money-saving exchange rates. Send money to your contacts and request payments from them. You can also save when you transfer money abroad at the wholesale currency exchange rate. Transfers between Monese accounts are also free and instant. You can use your Monese app in any one of 12 languages

Santander
123 Mini Current Account Santander
Open With £0
Account Type Childrens Current Account
Features Children 17 or under 3% AER Interest (T&Cs)

Why we like it: Can be opened by or on behalf of any child up to the age of 17. Debit or cash card available for those aged between 13 and 17. Monthly interest. No monthly fee. For children under age 13, the account must be opened in trust and managed by an adult (trustee). If you’re aged between 13 and 17 years old and live permanently in the UK you can apply online by telephone or in branch. No overdraft facility. 1% interest on the entire balance once the balance is £100, 2.00% AER/1.98% gross (variable) on the entire balance once the balance is £1,500, 3.00% AER/2.96% gross (variable) on the entire balance once the balance is £1,500 or over (up to a maximum of £2,000). Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

Cashplus
Personal Current Account Cashplus
Open With £0
Account Type Current Account
Features No Credit Checks Online App

Why we like it: A bank account that can build credit history. No credit check during sign up. Apply straight from your mobile. Instant online decision. Get your Contactless Debit Mastercard within 3-5 working days. Add Creditbuilder onto your account and it could help build your credit rating at no extra cost. Deposit cash into your account at any Post Office UK branch. Money is available in your account immediately. Manage your account 24/7 from any device with the banking app - get real time balance information, statements, add payees send payments and apply for extras. Automatic payment alerts. UK based Customer Services Team. Your money is protected up to £85,000 by the FSCS (Financial Services Compensation Scheme)

NatWest
Reward Current Account Natwest
Open With £1250
Account Type Current Account
Features Earn Up to £5 in Rewards a month

Why we like it: Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each. Plus earn an extra £1 a month in rewards with 1 mobile app login. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable

NatWest
Select Current Account Natwest
Open With £0
Account Type Current Account
Features Fee FREE Everyday Account

Why we like it: An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable

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HSBC Current Account review

HSBC offer a range of current accounts. The Basic Bank Account is a very simple account which covers your basic banking needs.

To keep things simple, this account does not offer a cheque book, overdraft or other credit facilities. It also doesn’t pay any interest on your balance.

HSBC current account features

With a HSBC current account you can benefit from:

  • A Visa debit card
  • Cash withdrawals of up to £300 per day
  • Creating Standing Orders and Direct Debits plus making payments to friends and family
  • 24/7 telephone and internet banking
  • Up to £100 cashback at outlets nationwide when you pay with your debit card
  • Use your debit card to withdraw local currency at cash machines worldwide and pay for goods and services wherever you see the VISA logo

If you are looking for your account to work a bit harder then HSBC’s Advance or Premier accounts could be for you.

HSBC are currently offering the following rewards:

  1. Open and switch to one of these accounts and you will get £150
  2. Stay for a year and get a further £50 bonus
  3. Get a 0%, fee-free overdraft for six months when you open the account

To qualify for this account you must make a minimum monthly pay-in of £1,750 a month. This is higher than many current accounts, so consider whether you will be able to meet this before deciding to switch.

Additional incentives with HSBC current accounts

  • A minimum overdraft offer of £1000 at account opening
  • Reduced booking fees on HSBC's Standard Mortgage range
  • You will be eligible for HSBC's 5% regular savings account

The switch bonus is also available if you are switching to HSBC's Premier Account. But you will need to either pay your income into it and have £50,000 of savings/investments with HSBC or have an income of £100,000+ a year, plus another qualifying product with HSBC.

Other Useful Information

  • You must open the account, then use HSBC's Current Account Switch Service to switch, including at least two Direct Debits or standing orders, within 30 days
  • The bonus is paid within 70 days of opening the Advance Account – provided you have met the switching criteria in the bullet above
  • You cannot get the bonus if switching from another HSBC account, or if you have had a current account with it in the past twelve months
  • To get the £50 extra bonus, you need to register for mobile or online banking within 60 days of account opening and pay in £1,750 per month for at least nine of the first 12 months. The bonus will be sent within 30 days of your first anniversary of account opening.
  • HSBC shares its £75,000 UK savings safety guarantee with First Direct, so if you hold more than £75,000 across the two banks the excess will not be protected

Overall HSBC offers a great basic bank account if you just want a functioning account with no complications. Meanwhile, their Advanced and Premier accounts provide some great rewards and incentives for those who are able to meet the monthly requirements.

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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.