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This comparison simply includes all savings accounts.

Yorkshire Bank
Signature Current Account Yorkshire Bank
Open With £1
Account Type Current Account
Features Shopping discounts plus insurance cover

Why we like it: Discounts available when you shop at certain major high street stores and supermarkets, as well as some holidays, cinema, concert tickets and events. All year round family travel insurance, UK breakdown cover, mobile phone and gadget insurance

Clydesdale Bank
Signature Current Account Clydesdale Bank
Open With £1
Account Type Current Account
Features Shopping discounts plus insurance cover

Why we like it: All year round travel insurance , UK breakdown cover, mobile phone and gadget insurance, and certain discounts available to account holders for some major stores and supermarkets, cinema tickets, holidays, events and concerts.

B
Current and Savings Account B
Open With £1
Account Type Current Account
Interest AER 0.5%

Why we like it: INNOVATIVE NEW BANKING SERVICE powered by Clydesdale and Yorkshire Banks. Get your current account and instant access savings account working together. Earn 0.50% AER on ALL instant access credit balances and 0.25% AER on current account balances up to £2,000. Fee free

Santander
123 Current Account Santander
Open With £1000
Account Type Current Account
Interest AER 1.50%

Why we like it: BEST SELLING CASHBACK CURRENT ACCOUNT. Earn 3.00% AER (variable) interest on balances from £3,000 up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.

First Direct
Current Account First Direct
Open With £1
Account Type Current Account
Features FREE £250 Overdraft £100 For Switching

Why we like it: £100 for switching into account. £250 interest free overdraft. Free banking if paying over £1,000 per month. £100 if not satisfied after 6 months

NatWest
Reward Account Natwest
Open With £1
Account Type Current Account
Features 3% in Rewards

Why we like it: Top 20% of Reward Customers earn on average £217 - You can earn Rewards on Direct Debits from your current account for: • Council tax • Gas, electricity and water supply • Home and mobile phone, TV package and broadband fees

Disclaimer: To apply for this account you must be aged 18 or over. UK resident. Not been declared bankrupt in last 6 years.

Barclays
Bank Account Barclays
Open With £1
Account Type Current Account
Features Earn rewards of up to £180

Why we like it: Earn rewards of up to £180 a year when you bank with Barclays - Get an annual loyalty reward of £84 plus £60 on your Barclays residential mortgage and £36 on your Barclays home and contents insurance. Start earning rewards with a monthly £3 fee based on £800 paid into your account and 2 direct debits paid out every month

Interest paying current accounts

Current accounts are now offering better rates of interest than a lot of savings accounts making them a great option for people looking to watch their money grow.

If you combine this with the various switch rewards and ongoing deals which a lot of current accounts are also offering, you could make yourself up to an extra £200 in a year.

Not all current accounts offer interest as standard so we have listed the best options below:

1) 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 qualify for this interest, you need to pay in £1,000+/month. So, if you are after an account that pays a good rate of interest, intend to stay in credit and prefer to do your banking online or over the phone then this could be the current account for you.

2) TSB Classic Plus Current Account

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 3% AER (variable) interest on balances up to £1,500. 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.

You can also earn £5 cashback every month if you have two monthly direct debits coming out of your account plus another £5 cashback each month where you use your debit card at least 20 times.

3) Santander 1|2|3 Current Account 

With the Santander 1|2|3 you can earn 1.5% AER on balances up to £20,000 in exchange for a £5 monthly account fee.

You can also benefit from 1-3% cashback on various of your household bills, which should more than offset the account fee for most householders.

You are also able to have two accounts in your name, but one must be joint – meaning couples can save £60,000 between them and earn interest on the total amount.

4) Virgin Money Current Account

Virgin currently only offer the Essential Current Account but are planning to add more options shortly. At the moment you can register your interest on their website for updates about any new accounts that they open.

The Essential Current Account is a great basic account which offers:

  • Free withdrawals at almost all high street cash machines.
  • Management of your account at Virgin Money Stores and any Post Office
  • The option to earn 0.75% Gross/AER (variable) interest on the balance in your account, up to a maximum balance of £100,000. Interest is paid monthly.

Virgin is a big name internationally and as such they offer a number of benefits which help if you travel internationally regularly. Such as free use of the Virgin Lounges which come with a range of perks.

Latest news

Are you getting 10% on your savings?

In these low interest times getting a decent rate of return on your cash is not easy. Surprisingly some of the best interest rates are available via current accounts.

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About us

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.