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Compare Latest Current Account Deals

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
FlexAccount Current Account Nationwide
Open With £1
Account Type Current Account
Features Fee FREE Account

Why we like it: Everyday current accout. No monthly account fee. Access to Flexclusives - Select Credit Card and low personal loan rate. Bank is registered with the Financial Services Compensation Scheme (FSCS), so any money you keep will be fully protected, up to £85,000

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

Santander
123 Current Account Santander
Open With £500
Account Type Childrens Current Account
Features 0.30% AER Interest Up To £20,000 £5 pm Account Fee

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. 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. Bank is registered with 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 £13 pm Account Fee

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. 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

Clydesdale Bank current account review

Clydesdale Bank is a Scottish bank that offers a number of different current accounts aimed at different types of customers.

Clydesdale’s current account are:

Current Account Plus – This basic current account comes with an optional overdraft and access to Savings Account Plus. This means you can earn interest on all of your savings, while making it fast and easy to transfer money quickly back and forth from your current account to your savings account.

B Current – A combined current account, instant savings account and app; this offers a forward-thinking, convenient way to manage your spending and saving. The account comes with no monthly fee.

Signature Current Account – A current account for those who want a wide range of benefits with their banking. For an account fee of £13.50 a month, you get family travel insurance, UK breakdown cover, mobile phone, gadget insurance, ID defender and discounts from a range of high street shops.

Readycash Account – This current account is aimed at customers aged 16+ and those who are otherwise not eligible for a standard current account, including those with previous financial issues. It offers basic banking facilities to help you get started with managing your finance or get back on your feet.

Private Current Account – If you earn over £75,000 a year, have a joint income of over £100,000 or own in excess of £100,000 in investable assets, you may qualify for this elite current account. You will get a dedicated relationship manager and various other benefits in exchange for £25 per month account fee.

Current Account Control – This accounts offer to stop any payments which would result in you paying unplanned borrowing fees for an account fee of £7.50 per month.

Things to consider when switching current account

There are various reasons to choose a current account and which factors matter most to you will depend on your banking needs and personal circumstances. The following are some of the key points to consider:

Switching incentives – A number of leading current accounts offer incentives, including cash bonuses, to encourage you to switch your banking to them. To qualify, you will normally have to use the Current Account Switch Service and move you every day banking to your new provider.

Interest rates – There are two interest rates to think about when opening a bank account – the one you will earn on your savings and the one you will pay on your overdraft. Which of these is most significant to you will depend on whether you are more of a saver or a spender.

Cashback – Many current accounts now offer cashback, which can generally be earned monthly. For example, the TSB Classic Plus Account allows you to earn up to £120 cashback a year for having active monthly Direct Debits and using your debit card regularly. Alternatively, Santander 1|2|3 Current Account offers cashback on household bills paid through the account which can quickly add up.

Additional benefits – Current account often offer extra benefits, either as standard or as add-ons. Free insurance is common, as are other freebies such as internet security software.

Compare current accounts

Take a look at the range of current accounts presently on offer from all the leading providers across the market right now 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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