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This comparison simply includes all savings accounts.

Santander
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

First Direct
1st Current Account First Direct
Open With £1
Account Type Current Account
Features Fee FREE Account Regular Saver paying 1.00% AER/Gross

Why we like it: Access to Regular Saver Account paying 1.00% AER/Gross fixed for 12 months if saving between £25 and £300 a month (up to £3,600 per year). £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. Mobile banking app. UK based contact centre. Easy switching with the Current Account Switch Service. Must be 18 or older and UK resident. Get the £100 when switching as a new customer and paying in at least £1,000 within three months of the account opening

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

Cashplus
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)

Santander
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

Santander
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

NatWest
Reward Current Account Natwest
Open With £1250
Account Type Current Account
Features Earn Up to £5 in Rewards a month

Why we like it: Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each. Plus earn an extra £1 a month in rewards with 1 mobile app login. 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). 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. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable

Royal Bank of Scotland
Reward Current Account Royal Bank of Scotland
Open With £1250
Account Type Current Account
Features Earn Up to £5 in Rewards a month

Why we like it: Earn £4 a month back in Rewards by making a minimum of 2 direct debit payments of at least £2 each. Plus earn an extra £1 a month in rewards with 1 mobile app login. 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). 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. £2 monthly fee. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable

NatWest
Select Current Account Natwest
Open With £0
Account Type Current Account
Features Fee FREE Everyday Account

Why we like it: 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). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable

Royal Bank of Scotland
Select Current Account Royal Bank of Scotland
Open With £0
Account Type Current Account
Features Fee FREE Everyday Account

Why we like it: 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). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable

NatWest Current Account

NatWest offer a range of bank accounts each with their own range of rewards.
At the first level they offer a Select bank account which is very much a standard account from which you can:

  • Set up Direct Debits, make payments and transfers
  • Access Mobile and internet banking
  • Access the NatWest app which has a range of useful features intended to make life easier
  • Free Text Alerts
  • Request an arranged overdraft 

You will also have access to UK call centres, which are available 24 hours a day, and be able to visit one of the 1,500 NatWest branches.

Rewards and Offers

  1. 3% cashback on household bills

NatWest also offer a reward account. There are no monthly payments for this account making it a great option for those who are unable to meet the high minimum payment requests of some other accounts. There is, however, a charge per month of £3.

The rewards you can earn on this account are similar to the Santander 123 account in that you can earn cashback on your household bills. As this account is a cheaper option than the Santander account, it’s a great choice for those who pay a lot of household bills out of one account and would like to see some return on that; however, you would need to spend over £100 on bills per month to see any profit on this.

The scheme is quite simple, you can automatically earn 3% on seven kinds of household bills, including council tax. As soon as you reach £5 in rewards you can exchange it for £5 which you can convert to money and transfer in to your current account or even use towards your NatWest credit card balance.

 Natwest state that:

 ‘There's no limit to the rewards you can earn. On average, currently our customers earn £120 per year in rewards, based on average monthly Direct Debits of £333 (£4,000 per year) and excluding the monthly fee.’

You are also able to exchange the rewards for gift cards or codes to spend at selected UK retailers or donate to one of four charities.

You can earn your ‘rewards’ on the following bills when you pay by Direct Debit from your reward bank account; council tax, mobile, landline, TV package, gas, electricity and broadband.

 However, they don’t allow you to earn rewards on payments to organisations such as insurance providers, repairs or home maintenance.

  1. At least 1% back in rewards at partner retailers

Another reward which this account offers is 1% cashback offers at UK retailers. You will receive personalised retail offers where you will be able to earn extra rewards when you use your NatWest debit card.

A great feature which you’ll receive with any NatWest account is the mobile app. It’s simple and straight forward but also allows you to:

  • Withdraw money without your bank card, up to £130 per day, from RBS, NatWest or Tesco cash machines. Great news if you’ve forgotten your bank card
  • Check your balance, recent transactions and pay friends or family quickly and easily
  • Pay your contacts via your mobile. You can pay anyone with a UK mobile number who has a NatWest, RBS, Ulster Bank, NatWest Offshore, or Isle of Man mobile app
    You do not earn in-credit interest on this account

    Useful to Know

  • The arranged overdraft has a £10 buffer but is charged at £6 per month fee and 19.89% EAR interest
  • The unarranged overdraft has a £6 per day fee with max charges of £90 per month plus a £6 per unpaid item fee with max charges of £60 per month. This is higher than a lot of other banks so be wary if you’re likely to slip in to an unplanned overdraft

Overall this is a great account for rewards and with no minimum monthly pay-in, it is a cheaper option than other current accounts. The £3 a month charge would be covered by your rewards if you take full advantage of the offer.


The high unarranged overdraft fees could be a problem for some people as well as there being no interest on the in-credit balance.

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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.