SPECIAL OFFER - Switch to a 1st Account and get £175*. Requires credit check. New customers only and T&Cs apply.
Why we like it
Get access to a Regular Saver Account - Put away between £25 and £300 for a fixed 12 month term. If you save £300 every month for 12 months and qualify for the 7.00% AER/gross p.a. interest rate, you'll earn approximately £136.50 interest (gross). Interest is calculated daily and paid 12 months after you opened the account. AER stands for Annual Equivalent Rate. This shows you what the rate would be if interest were paid and compounded each year. Gross is the rate of interest if interest were paid and not compounded each year. No partial withdrawals allowed. Early closure will result in interest being paid at the standard account variable rate. £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. No first direct fees for when spending abroad, withdrawing cash from the UK or when making a debit card payment in a foreign currency in the UK. Mobile banking app. UK based contact centre. Representative Example: How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing. 0% EAR variable on the first £250, 39.9% EAR variable thereafter, giving a representative rate of 30.5% APR variable (assumed arranged overdraft £1,200). For customers with an offset mortgage linked to a 1st Account, the interest-free limit will not apply. *Within 45 days of your account opening you need to: switch to first direct using the Current Account Switch Service (including at least 2 Direct Debits or standing orders), deposit £1,000, make 5+ debit card payments, and log on to digital banking. New customers only, who haven’t previously held a first direct product. first direct also can’t offer this to people who have opened an HSBC current account on or after 1 January 2018. Offer can be withdrawn at any time. Subject to status. UK residents only
No minimum monthly funding or monthly fee to maintain the account. Get cashback, vouchers, prize draws and other offers personalised to you when you use Santander Boosts (you must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking). 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. 39.94% EAR overdraft charge.
Access to Digital Regular Saver - deposit £1-£150pm, 6.00% Gross/6.17% AER pa (variable) on 1st £5k, 1.49% Gross/1.50% AER pa above £5k. 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 and lending criteria). No monthly fee. Defaqto 5* rated. Assumed arranged overdraft of £1,200, 39.49% variable p.a. representative 39.5% APR variable. Representative example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% (variable). Assumed credit limit: £1,200
To apply, you need to be 18+ and a UK resident. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing of £500: Zero days (you’ve not yet used your overdraft) - you’d pay in total £0.00. One day - you’d pay in total £0.46. Five days - you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87.
Details
Type of Account
Everyday
Minimum Age
18
UK Resident
Yes
FlexDirect Current Account
Features5% Interest AER on balances up to £1,500Up to £60 cashback on debit card purchases for 12 months
Open With £1000
Account TypeCurrent Account
FlexDirect Current AccountNationwide
Open With £1000
Account TypeCurrent Account
Features5% Interest AER on balances up to £1,500Up to £60 cashback on debit card purchases for 12 months
5.00% AER fixed (4.89% gross pa) in-credit interest on balances up to £1,500 for the first 12 months. Up to £60 cashback on debit card purchases for 12 months- Earn 1% monthly cashback (up to £5 a month) when you spend on your debit card - whether online, over the phone or in store. No monthly account fee. Interest-free arranged overdraft for 12 months. Access to mobile banking secure app. Manage all your Nationwide accounts in one place. View and search your transactions. Freeze and unfreeze your Visa Debit card. Report your card lost or stolen and order a new card. Manage your account online and by app. Access to other Nationwide products by becoming a member of Nationwide. Current account members get access to exclusive savings accounts. Must pay a minimum of £1,000 into the account each month, from an external source (i.e. not another Nationwide account). After the first 12 months, interest rate drops to 1% AER (0.99% gross a year) variable. After 12 months, an interest rate of 39.9% a year compounded (variable) will apply to your arranged overdraft on balances over £50
Earn up to £5 per month back: £4 in Rewards for 2 or more Direct Debits (2 of the Direct Debits need to be +£2 each) and £1 with 1 mobile app log in. £2 monthly fee applies. 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 and lending criteria). 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. Representative example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% (variable). Assumed credit limit: £1,200. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing of £500: Zero days (you’ve not yet used your overdraft) - you’d pay in total £0.00. One day - you’d pay in total £0.46. Five days - you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87
Details
Type of Account
Reward
Minimum Age
18
UK Resident
Yes
FlexAccount Current Account
FeaturesEveryday current account with no monthly fee
Open With £1
Account TypeCurrent Account
FlexAccount Current AccountNationwide
Open With £1
Account TypeCurrent Account
FeaturesEveryday current account with no monthly fee
Everyday current account. No monthly account fee. Access to mobile banking secure app. Manage all your Nationwide accounts in one place. View and search your transactions. Freeze and unfreeze your Visa Debit card. Report your card lost or stolen and order a new card. Access to other Nationwide products by becoming a member of Nationwide. Current account members get access to exclusive savings accounts. 0% interest on any balance. £50 interest-free on an arranged overdraft. 39.9% EAR overdraft charge on balances over £50
Access to Digital Regular Saver - deposit £1-£150pm, 6.00% Gross/6.17% AER pa (variable) on 1st £5k, 1.49% Gross/1.50% AER pa above £5k. 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 and lending criteria). No monthly fee. Defaqto 5* rated. Assumed arranged overdraft of £1,200, 39.49% variable p.a. representative 39.5% APR variable. Representative example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% (variable). Assumed credit limit: £1,200
To apply, you need to be 18+ and a UK resident. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing of £500: Zero days (you’ve not yet used your overdraft) - you’d pay in total £0.00. One day - you’d pay in total £0.46. Five days - you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87.
Details
Type of Account
Everyday
Minimum Age
18
UK Resident
Yes
Edge Current Account
FeaturesGet 1% Cashback on selected houshold billsPlus access to a 6% savings account
Open With £500
Account TypeCurrent Account
Edge Current AccountSantander
Open With £500
Account TypeCurrent Account
FeaturesGet 1% Cashback on selected houshold billsPlus access to a 6% savings account
Earn 1% cashback every month on selected household bills paid by Direct Debit, capped at up to £10 each month and 1% cashback every month on supermarket and travel spend when you use your debit card, capped at £10 each month. Access to Santander Edge Saver with 6.00% AER / 5.84% gross (variable) interest up to £4,000 with 2.00% AER /1.98% gross (variable) bonus rate for the 12 months from opening. Get cashback, vouchers, prize draws and other personalised offers when you use Santander Boosts (must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking). No fees or charges for international payments or CHAPS payments. Arranged overdraft interest rate of 39.94% APR/EAR (variable). For cashback offer you must pay a minimum of £500 into your account each month, have 2 active Direct Debits, be over 18 and live in the UK permanently. Paper-free account. £3 monthly fee
Details
Type of Account
Interest Paying
Minimum Age
18
UK Resident
Yes
Edge Up Current Account
Features2.50% AER Interest on balances up to £25,000
Open With £1500
Account TypeCurrent Account
Edge Up Current AccountSantander
Open With £1500
Account TypeCurrent Account
Features2.50% AER Interest on balances up to £25,000
2.50% AER/2.47% gross (variable) on balances up to £25,000. 1% cashback (up to £15 a month) on selected household bills when you pay by Direct Debit. 1% cashback (up to £15 a month) at supermarkets and on travel costs when you use your debit card (exclusions apply). Make international payments with no extra fees (the bank receiving the payment may still apply charges). There's also no charge for making CHAPS payments from this account. No fees for using Santander Edge Up debit card to withdraw cash and make payments outside the UK in the local currency. Get cashback, vouchers, prize draws and personalised offers with Santander Boosts , free rewards service. Online and Mobile Banking available with text and email alerts. £5 monthly fee for maintaining the account that will automatically be taken from the account each month. Must pay a minimum of £1,500 into the account each month. Must have 2 active Direct Debits. Arranged overdraft facility (subject to status). If you use an arranged overdraft you’ll be charged an interest rate of 39.94% APR / EAR (variable). Online and Mobile Banking available with text and email alerts
Details
Type of Account
Interest Paying
Minimum Age
18
UK Resident
Yes
FlexPlus Current Account
FeaturesBreakdown, Travel and Mobile Phone Insurance Included
Open With £1
Account TypeCurrent Account
FlexPlus Current AccountNationwide
Open With £1
Account TypeCurrent Account
FeaturesBreakdown, Travel and Mobile Phone Insurance Included
Vehicle breakdown cover in the UK and the rest of Europe. Whether you re driving or a passenger in a vehicle, you're covered by the AA. With no excess to pay and unlimited callouts. Travel insurance for your family, worldwide for trips up to 31 days. Worldwide family travel insurance, including winter sports, travel disruptions and more from Aviva Insurance. Mobile phone insurance for the whole family. Your phone and those belonging to your partner and dependent children are covered for loss, theft, damage and faults by Assurant. Access to mobile banking secure app. Manage all your Nationwide accounts in one place. View and search your transactions Freeze and unfreeze your Visa Debit card. Report your card lost or stolen and order a new card. Access to other Nationwide products by becoming a member of Nationwide. Current account members get access to exclusive savings accounts. £18 monthly account fee. £50 interest-free on an arranged overdraft. 39.9% EAR overdraft charge on balances over £50
Details
Type of Account
Reward
Minimum Age
18
UK Resident
Yes
Personal Account
FeaturesApply without a credit check or proof of address
Open With £0
Account TypeCurrent Account
Personal AccountSuits Me
Open With £0
Account TypeCurrent Account
FeaturesApply without a credit check or proof of address
An alternative banking solution, offering banking services to people who find it hard to open a regular bank account because of their low credit score. Open an account in 10 minutes without a credit check or proof of address. Get your contactless Mastercard® debit card in 3-5 working days. Choose from three account options: ‘Essential’, ‘Premium’ and ‘Premium Plus'. You can manage your account on the go using the online banking app. Make transfer payments from your e-money account whenever, wherever. You can also set up and manage your Direct Debits and Standing Orders. Get access to exclusive partner deals. Shop and earn with your Suits Me card in-store, online or over the phone you can earn cashback rewards, with no limit. Access to a dedicated Customer Account Manager so you have someone who understands your account and your needs. Your money is protected up to £85,000 by the FSCS. Monthly account fee ranges from free to £9.97 depending on account chosen. Refer your friends to apply and use their Suits Me card, and earn £50 per friend. No limit on the number of friends you refer
Details
Type of Account
Adverse Credit
Minimum Age
18
UK Resident
Yes
123 Mini Current Account
FeaturesChildren 17 or under3% AER Interest (T&Cs)
Open With £0
Account TypeChildrens Current Account
123 Mini Current AccountSantander
Open With £0
Account TypeChildrens Current Account
FeaturesChildren 17 or under3% AER Interest (T&Cs)
Children's current account. Can be opened by or on behalf of any child up to the age of 17. 1% interest on the entire balance once the balance up to £999.99. 2.00% AER/1.98% gross (variable) on the entire balance once the balance is £1,000 to £1,499.99. 3.00% AER/2.96% gross (variable) on the entire balance once the balance is £1,500 to £2,000. 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) T&C's apply. 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
Marks & Spencer have a number of different current accounts aimed at different types of customers, designed to help you manage your everyday banking whatever your needs.
What to look for when switching current accounts
To ensure you get a current account that is well matched to your everyday banking needs, make sure to consider how important each of the following factors is to you:
Interest rates– You will generally be offered different interest rates on your savings and overdraft (if you need one) so which of these is most important to you will tend to rely on how you normally use your account. If you are more of a saver, the rate you earn on your credit will be more important; whereas if you are more of a spender, your overdraft rate will be more significant.
Switching incentives – Several of the top current accounts across the market offer switching incentives to help entice you into transferring your banking to them. These often include cash upfront as well as introductory interest rates and other bonuses.
Compare current accounts
When choosing a new current account, make sure to spend some time researching the various options and what they offer before making a final decision. The more research you can do, the more chance there is of you ending up with an account that fits your needs long term.
Take a look at the range ofbank accounts presently on offer from all the leading providers across the market right now to see which offers the best deal for you.
