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This comparison simply includes all savings accounts.

FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 2.00%

Why we like it: 2.00% interest for 12 months on balances up to £1,500 for the first year. You must pay in £1,000 or more each month to receive interest (excluding transfers from any Nationwide account held by you or anyone else). 12 month fee-free arranged overdraft available. No monthly fee. Access to Flexclusives - Select Credit Card and low personal loan rate. Must be aged 18 or older

123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 0.6%

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.

Starling Bank
Mobile App Bank Account Starling Bank
Monthly Account Fee £0
Account Type Mobile Bank Account
Interest AER 0.05%

Why we like it: Get set up in minutes. No paperwork, monthly fees or branch visits. 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. Real Mastercard exchange rates and real-time notifications in both currencies. Get a spotlight on your spending: See what you’ve spent instantly with real-time payment notifications. Current account is completely free.: No charge for making electronic payments, domestic transfers or ATM withdrawals. Three-month interest holiday on the first £500 of an arranged overdraft. Earn Interest: current account pays 0.05% AER on balances up to £85,000.Card gone missing? Lock it in-app temporarily while you look for it or cancel it with a tap if you think it’s gone for good. Personal loan available that’s straightforward to use, competitively priced and tailored to you. Best British Bank and Best Current Account in 2018, 2019 and 2020 at the British Bank Awards. Awarded 5 stars by Defaqto too. Fully registered bank and a member of the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

FlexPlus Current Account Nationwide
Open With £1
Account Type Current Account
Features Free insurance

Why we like it: UK & Europe Breakdown Cover, Worldwide family travel and mobile phone insurance, and commission-free cash withdrawals and card payments abroad. Free mobile banking app, text alerts and secure online banking. Access to Flexclusives - Select Credit Card and low personal loan rate. £13 monthly account fee

FlexAccount Current Account Nationwide
Open With £1
Account Type Current Account
Features No monthly account fee

Why we like it: Everyday current accout. No monthly account fee. Access to Flexclusives - Select Credit Card and low personal loan rate.

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

Pensioner Bond Maturity - 5 Ideas For Your Cash

From January 2018 over 900,000 people who invested in pensioner bonds will start to see their bonds mature. Savers who have been enjoying 4% pa are going to get a shock when they look for comparable returns from cash in the current market. We have put together 5 ideas for your cash in 2018

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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.