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This comparison simply includes all savings accounts.

Everyday Current Account Santander
Open With £1
Account Type Current Account
Features Fee FREE Account Earn up to 15% cashback

Why we like it: 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

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. Best British Bank and Best Current Account in 2020 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

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)

123 Current Account Santander
Open With £500
Account Type Current Account
Features 0.30% AER Interest Up To £20,000 £4 pm Account Fee

Why we like it: 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

123 Mini Current Account Santander
Open With £0
Account Type Childrens Current Account
Features Children 18 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 18. Debit or cash card available for those aged between 13 and 18. 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 18 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

Lloyds Current Account

Lloyds offer a selection of current accounts with varying benefits, including:

  • Classic Account
  • Club Lloyds
  • Silver Account
  • Platinum Account

As long as you stay in credit then you can avoid monthly charges with the Classic Account.

Lloyds Bank offer, as standard:

  • Internet Banking, Telephone Banking, Mobile Banking, in branch.
  • Cash withdrawals of up to £500 a day from any Lloyds Bank Cashpoint or other cash machines.
  • Planned overdrafts where a certain amount is free and interest free depending on your account level.
  • To help prevent returned item fees and heading in to an unplanned overdraft, Lloyds offer a stay in control option. For £10 a month, Control helps you keep on top of your finances.
  • Free text alerts, can also help you keep track of your finances. You can also access balance and limit alerts that let you know when your balance is above or below a level set by you. This is great for budgeting and avoiding charges.


The current accounts, subject to application, can provide a planned overdraft of £1,200 with £25 fee free and then charged at 19.89pc for the remainder of your overdraft. There is also a £6 monthly usage fee.

This is a great buffer for any unforeseen spending, helping you to avoid bank charges.

However, if you upgrade to Club Lloyds then you can expect a 0pc interest rate on the first £100

The monthly overdraft usage fee is also £6; this combined with the £5 a month account fee (wavered if you pay £1500 or more in to the account every month) could add up quickly.


Lloyds offer a very good cashback scheme. You are able to claim 15% cashback using Everyday Offers at the type of places you often shop. Using the online banking system to select the offers you are most likely to use, you can then spend and make some great savings.

As a current account holder, you can also register for Save the Change which makes saving easy. Transactions made with your debit card will be rounded up to the nearest pound. The difference is then transferred to your Lloyds Bank savings account. These small amounts do add up and make it an easy way to save while you spend.


Currently Lloyds do not pay interest on the balance in Classic Accounts and the only way to incur interest on your money is by signing up for their Club Lloyds account.

The Club Lloyds account pays 2% AER variable on £4,000 - £5,000.

Useful to Know:

  • You must pay £1500 pound in to the Club Lloyds account every month. This makes it one of the more expensive options. There's a £3 fee each time you miss a month's pay-in.
  • To get the interest, two or more Direct Debits are required to leave the account each month.
  • Lloyds Bank shares its £75,000 savings safety guarantee with Cheltenham & Gloucester.

Latest news

Top 3 picks for current accounts in 2021

Over 5.1 million UK bank and building society customers have switched their bank accounts using the free (and guaranteed) current account switching service which simplifies the process for customers. Read More »

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About us 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.