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This comparison simply includes all savings accounts.

FlexPlus Current Account Nationwide
Open With £1
Account Type Current Account
Interest AER 3.00%

Why we like it: 3.0% AER fixed interest on balances up to £2,500. No fees on arranged overdrafts up to £250. UK & Europe Breakdown Cover, Worldwide family travel insurance. Free mobile banking app, text alerts and secure online banking. £13 monthly account fee

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

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.

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

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.