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This comparison simply includes all savings accounts.

Nationwide
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

Santander
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

Nationwide
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

Nationwide
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.

Sainsbury’s current account review

Sainsbury’s used to offer a current account known as an Everyday Account, however these are no longer available and have not been replaced. This means Sainsbury’s does not offer current accounts at the moment.

Sainsbury’s does offer credit cards and a range of savings accounts, which may be of interest, but if you are specifically looking for a current account, you will need to compare what is on offer from other providers.

Switching a Sainsbury’s current account

If you are looking to change your current account to a new provider, you should familiarise yourself with the Current Account Switch Service. This offers a free, fast and simple way to switch your current account to a new provider.

When you want to move your account, you simply inform your new bank or building society that you wish to use the Current Account Switch Service to transfer your old account to them. Your new provider will then do the rest, using the service to transfer your balance and all payments in and out of your old account to your new account.

This makes switching your account quick and convenient and means you don’t risk missing a payment to you or from you to someone else. The Current Account Switch Service is supported by over 40 UK banks and building societies and covers 99% of all UK current accounts.

Compare Sainsbury’s current accounts to other market leaders

If you want to find a new current account to get a better interest rate or improved benefits compared to your existing account, it makes sense to compare the broadest range of accounts possible.

Our current account comparison table at the top of the page makes it fast and easy to look at leading current accounts from all the top providers. That way you can make an informed choice and get the best deal for you.

The following three accounts offer some of the most attractive interest rates on the market:

Santander 123 current account

Interest rate: 1.50% AER/1.49% gross (variable) on balances up to £20,000.

Account fee: £5 per month.

Other benefits: Earn 1-3% cashback on a variety of household bills. This includes payments on a Santander mortgage or insurance policy. To qualify for cashback, you must deposit at least £500 a month into the account and have two active Direct Debits.

TSB Classic Plus account

Interest rate: 3% AER paid monthly on a balance of up to £1,500.

Account fee: None, but you must pay in at least £500 a month to earn interest.

Other benefits: Earn £5 cashback each month if you have at least two Direct Debits from the account, plus another £5 a month when you use your debit card at least 20 times.

Nationwide FlexDirect current account

Interest rate: 5% AER (4.89% gross p.a.) interest on balances up to £2,500 (for the first 12 months) 1% gross p.a./AER (variable) interest after this.

Account fee: No account fee, but you must deposit a minimum of £1,000 a month to earn interest.

Other benefits: Customers over the age of 18 can get a fee-free overdraft for 12 months (subject to approval).

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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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.