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This comparison simply includes all savings accounts.

Aldermore
Easy Access Account Aldermore
Min deposit £1000
Term Easy Access
Interest AER 0.5%

Why we like it: Balances from £1,000 to £1 million. Unlimited withdrawals without restriction or loss of interest. Eligible deposits covered by UK FSCS.

Nationwide
Triple Access Online Saver Nationwide
Min deposit £1
Term 1 Year, with three free withdrawals
Interest AER 0.5%

Why we like it: Make up to three withdrawals during the 12-month term of this account. Open with £1. Manage your account online. Interest paid at maturity. FSCS Protected. Must be UK resident and aged 16 or older. Make more than three withdrawals and the rate drops to 0.01% AER/gross p.a. (variable). Not available in branch

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 0.4%

Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)

RCI Bank
95 Day Notice Account RCI Bank
Min deposit £1000
Term 95 Day Notice
Interest AER 0.45%

Why we like it: Unlimited withdrawals subject to 95 days notice.

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 1 Year
Interest AER 0.59%

Why we like it: Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 2 Years
Interest AER 0.7%

Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

The Access Bank UK
Fixed Rate Bond The Access Bank UK
Min deposit £5000
Term 3 Years
Interest AER 0.8%

Why we like it: MARKET LEADING. Save from £5,000 to £500,000. No additional deposits or withdrawals permitted. FSCS Protected

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 4 Years
Interest AER 0.9%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

RCI Bank
Fixed Rate Bond RCI Bank
Min deposit £1000
Term 5 Years
Interest AER 0.95%

Why we like it: Which? Recommended Savings Provider. Save from £1,000 to £1,000,000. No withdrawals before the end of the term. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

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

Nationwide
FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Features 2% AER Interest (T&Cs)* Fee Free Account

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
Features For Children 18 or younger 13 3% AER Interest (T&Cs)

Why we like it: Earn 0.30% 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.

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Compare current account switch offers worth £100 or more

There are a number of reasons to switch your current account to a new bank or building society, including looking for a better interest rate or benefits. Many banks are increasingly using upfront switching bonuses and monthly cashback schemes to incentive customers to move to them.

There are now a number of current account providers who offer £100 or more in switching bonuses and other rewards to new customers. This means it could be worth your while to make the switch, especially if you are not happy with your existing current account.

To help you make a decision, we have selected some of the current accounts offering the most generous terms to new customers. All of the current accounts below will earn you £100 or more in switching bonuses or cashback within the first year.

Co-operative Bank Current Account - £110 cash switching bonus + up to £5.50 per month

Switch to the Co-operative Bank Current Account and you can earn a switching bonus of £110 cash. To qualify you need to use the Current Account Switch Service and a move at least four active Direct Debits to your new account.

Sign up for the Co-op’s Everyday Rewards scheme and you can earn up to an extra £5.50 per month. That means you could get as much as £176 total over the first year that you have the account. This current account comes with no monthly fee and an online application can be completed in minutes.  

First Direct 1st Account - £100 cash switching bonus

If you open a 1st account with First Direct, you can get £100 cash as a joining bonus. To qualify for the bonus, you will need to switch your everyday banking to them with the Current Account Switch Service and pay in at least £1,000 during the first three months the account is open.

As an added bonus, if you decide the account isn’t for you and want to move again, First Direct will give you another £100 when you leave. To qualify for this you need to have paid in at least £1,000 a month for six months, not have banked with First before and you need to let them know you want to leave within 12 months of the account opening.

M&S Current Account - £185 M&S gift card when you switch and stay

If you switch your current account to M&S using the Current Account Switch Service, including at least two active Direct Debits, you will receive a £125 M&S gift card.

You will then be given an additional £5 per month onto the gift card for the first 12 months you keep the account, as long as you pay in at least £1,000 a month and two Direct Debits remain active. This adds up to £185 in total over the first year you have the account.

You will also get 5% AER/gross fixed for the first 12 months, plus a minimum £500 overdraft with the first £100 interest free.

Halifax Current Account - £75 cash switching bonus + £3 per month cashback

Halifax offer a £75 cash switching bonus when you move to their current account using the Current Account Switching Service. To qualify you must move all active credits and debits from your previous current account to your new one with Halifax.

You can also get £3 cashback per month as long as you pay in £750 a month or more, pay out two or more Direct Debits and stay in credit. This means in your first year, you would get £111 between the switching bonus and the cash back.

TSB Classic Plus Account - £120 cashback per year

Switch to the TSB Classic Plus Account and you can earn £5 cashback every month as long as you have at least two active Direct Debits. You’ll get another £5 a month if you spend with your debit card at least 20 times in that month. That adds up to £120 a year in cash back.

You will also get 3% AER variable interest on balances up to £1,500 as long as you pay in at least £500 a month, register for internet banking, paperless statements and paperless correspondence. There is also no monthly account fee to pay.

Things to bear in mind when switching your current account

Although switching offers can be tempting, you also need to think about your long-term needs. For example a Santander 1|2|3 Current Account will give you interest of 1.5%AER on your entire balance up to £20,000. The account also offers from 1-3% cashback on a range of household bills.

This means if you are likely to keep a significant balance in your account at all time, the interest and cash back you earn on this account could outweigh the benefits of a one-off switching offer or the monthly cash back on a different current account.

It is therefore a good idea to compare a wide range of current accounts when choosing which to switch to. That way you can make an informed decision about which current account offers the best match for your requirements, so you get the best possible deal for your day-to-day banking.

Find the best current accounts to switch to

Whether you want the best switching incentives, the most attractive interest rates or any other benefits, there are a wide variety of current accounts to match your requirements. Check out the range of current accounts on offer from across the market to see which offers the best deal for you.

Latest news

Top 3 picks for current accounts in 2021

Over 5.1 million UK bank and building society customers have switched their bank accounts using the free (and guaranteed) current account switching service which simplifies the process for customers. Read More »

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