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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

Metro Bank Current Account

This current account is a great all-rounder and particularly good for those who frequently travel around Europe due to the free European transactions. You won’t be charged for taking cash out in European countries or using your card.

Metro Bank also offer excellent competitive rates for the rest of the world (2.50%) allowing you to save as you travel. They also add that if you use your card abroad, then any foreign currency transaction would be converted into sterling on the day it’s paid out of your account.

This account is suitable for busy people who find the normal banking hours difficult to work around. This is due to the fact that Metro Bank are open 7 days a week and work from 8am-8pm. They don’t require appointments so it’s very much a walk-in service. They offer simple and hassle-free switching and will provide you with a bankcard and a cheque book on the day you walk in so no need for seven day waits as is often the case.

Metro Bank deliver a straight forward service that covers everyday banking and has all of the usual expectations of a current account such as:

  • Internet Banking
  • Excellent Customer Service
  • Ability to set-up payments, direct debits and make transfers.

Metro Bank do not charge a monthly fee nor is there a minimum pay-in per month which sets it apart from a lot of other banks at the moment.

Overdraft and Fees:

An overdraft is available upon request, depending on your circumstances, and is charged at 15pc EAR (variable).  This is one of the better rates on the market but it does not come with an amount at 0pc like a lot of other banks.

However, if you don’t have enough money in your account to make a payment they will extend an arranged overdraft and make the payment but this will incur a charge of £10. If you decide not to make the payment you will still incur the £10 fee.
They do not make more than six of these charges in one month.

They also state that if a deduction of interest causes your account to become overdrawn or goes over your planned overdraft then they won’t charge the £10 fee but will instead charge interest on the new balance.

As they process all direct debits, standing orders and dated payments in the morning they will let you know if you do not have the amount ready to cover the payments via text message. If you pay the money in before 2am then they will reissue the payment and you won’t be charged.

Metro Banks also offer a range of savings accounts, such as a:

Fixed Savings Account

A savings account for money you don’t need too often.They offer a fixed rate of interest between 0.90pc and 1.20pc. The rate of interest is fixed so you will know what you’re accumulating ad watch your savings grow. With this option you are able to choose how long you want to put your money away for. Options include: 1 year, 18 months or 3 years.

Instant Access Savings

A more flexible savings option allowing you to save what you want, when you want and you will be able to get instant access to your cash if you need to. You will be able to boost your savings with 0.40% AER interest. Start earning interest on as little as £100. You will be able to access your savings anytime online, over the phone or in one of the branches.
Overall, Metro bank offer a convenient option with some perks for people who travel often.

Latest news

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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.