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Compare Latest Current Account Deals

Nationwide
FlexDirect Current Account Nationwide
Open With £1000
Account Type Current Account
Interest AER 5.00%

Why we like it: 5.00% interest for 12 months on balances up to £2,500 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. Must be aged 18 or older.

Nationwide
FlexPlus Current Account Nationwide
Open With £1
Account Type Current Account
Interest AER 3.00%

Why we like it: 3.0% AER fixed interest on balances up to £2,500. No fees on arranged overdrafts up to £250. UK & Europe Breakdown Cover, Worldwide family travel insurance. Free mobile banking app, text alerts and secure online banking. £13 monthly account fee

Santander
123 Current Account Santander
Open With £500
Account Type Current Account
Interest AER 1.50%

Why we like it: Earn 1.50% AER (variable) interest on balances up to a maximum of £20,000. Up to 3% CASHBACK on various household bills. Monthly fee of £5. Must pay in £500 pm.

NatWest
Reward Platinum Account Natwest
Open With £1500
Account Type Current Account
Features 2% in Rewards £125 for switching

Why we like it: Get £125 when you switch a current account held elsewhere to this account. Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On average Reward customers earn £83 a year in Rewards (not incl. monthly fee) based on monthly bills of £345. Also includes family worldwide travel and mobile phone insurance. £20 monthly fee

Disclaimer: To apply for this account you must be aged 18 or over and a UK resident

NatWest
Reward Silver Account Natwest
Open With £1500
Account Type Current Account
Features 2% in Rewards £125 for switching

Why we like it: Get £125 when you switch a current account held elsewhere to this account. Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On average Reward customers earn £83 a year in Rewards (not incl. monthly fee) based on monthly bills of £345. Also includes personal European travel and mobile phone insurance. £10 monthly fee

Disclaimer: To apply for this account you must be aged 18 or over and a UK resident

NatWest
Reward Account Natwest
Open With £1500
Account Type Current Account
Features 2% in Rewards £125 for switching

Why we like it: Get £125 when you switch a current account held elsewhere to this account. Earn 2% in Rewards on 7 types of household bills paid by Direct Debit. On average Reward customers earn £83 a year in Rewards (not incl. monthly fee) based on monthly bills of £345. £2 monthly fee

Disclaimer: To apply for this account you must be aged 18 or over and a UK resident

Nationwide
FlexAccount Current Account Nationwide
Open With £1
Account Type Current Account
Features 3 months interest-free overdraft No monthly account fee

Why we like it: Everyday current account. 3 months interest-free overdraft and no monthly account fee

NatWest
Select Account Natwest
Open With £1500
Account Type Current Account
Features 2% in Rewards £125 for switching

Why we like it: Get £125 when you switch a current account held elsewhere to this account. Everyday bank account. Arranged overdraft available. Award winning mobile banking app. No monthly fee

Disclaimer: To apply for this account you must be aged 18 or over and a UK resident

NatWest current account review

NatWest offer four main types of current accounts to meet the needs of different kinds of customers.

Select Bank Account – A standard, everyday account that offers mobile and online banking as well as the option for an arranged overdraft.

Reward Account – NatWest offer four different reward accounts: Reward, Reward Silver, Reward Platinum and Reward Black. Each type of account comes with a monthly account fee that increases depending on which benefits you want to receive. Reward is the cheapest at £2 per month and Reward Black the most expensive at £28 per month.

Youth Account – NatWest offer child bank accounts as well as student and graduate accounts to match the needs of younger borrowers, those still in full-time education or who have recently graduated.

Foundation Bank Account – A basic bank account which is only available to those who are not eligible for any of NatWest’s standard bank accounts, often due to previous financial issues.

What to look for when switching current accounts

There are various key things to consider when deciding which current account is right for you and your everyday banking needs. The following are some of the most common things you should think about to help you see which current account best suits you.

Interest rates – The interest rates you pay on your savings and/or overdraft can make a big difference to whether an account offers good value for you or not. Which of the two interest rates is most important to you will generally depend on whether you are more of a saver or a spender, and therefore whether you are more likely to be in credit or in your overdraft most of the time.

Switching incentives – Many current account providers now offer attractive joining bonuses, including cash and other introductory offers. This can make a significant difference to whether a particular account offers good value or not, with some current accounts offering over £100 in switching bonuses.

Cashback – It is now common for current accounts to offer cashback deals to help make their accounts more appealing. For example, with a TSB Classic Plus Account you can earn up to £120 cashback a year just for having active monthly Direct Debits and using your debit card regularly. Others, such as the Santander 1|2|3 Current Account offer cashback on your household bills, which can soon add up to significant amounts.

Additional benefits – Many current accounts also come with additional benefits as standard or as added extras, which can be unlocked for an additional fee. These extra benefits typically include free insurance covering a range of things including travel, mobile phones and bikes. Some accounts also offer other freebies, such as free 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

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.