This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

This comparison simply includes all savings accounts.

SmartSave
Instant Access Account SmartSave
Min deposit £10000
Term Instant Access
Interest AER 5.07%

Why we like it: Sign up to a Flagstone account, and access hundreds of savings accounts from 60+ banks, including this one. Easily split cash between multiple accounts, all with a single application. Maximise your interest with exclusive rates. Personalised illustration tool to see how you can maximise your cash. FSCS Protected. Minimum deposit £10,000. Must be UK resident and aged 18 or older

Leeds Building Society
Limited Issue Online Access Account Leeds Building Society
Min deposit £1000
Term Instant Access
Interest AER 4.85%

Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older

Chip
Instant Access Account Chip
Min deposit £1
Term Instant Access
Interest AER 4.84%

Why we like it: A new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. Must be UK resident. Must be aged 18 or older.

RCI Bank
Freedom Savings Account RCI Bank
Min deposit £100
Term Instant Access
Interest AER 4.75%

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)

Investec Savings
Online Flexi Saver Investec Savings
Min deposit £5000
Term Instant Access
Interest AER 4.70%

Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

Post Office
Online Saver Account Post Office
Min deposit £1
Term Instant Access
Interest AER 4.60%

Why we like it: Choose monthly or annual interest payments. Unlimited deposits and withdrawals. 24/7 access to your savings. Open and manage online. After 12 months the rate will revert to the underlying rate, currently 1.55% gross/AER variable. Post Office Online Saver is provided by Bank of Ireland UK. Must be UK resident. Must be aged 18 or older. FSCS protected

Yorkshire Building Society
Easy Access Saver Yorkshire Building Society
Min deposit £1
Term Instant Access
Interest AER 4.60%

Why we like it: Save from £1. Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £500,000. Open and manage account online. FSCS Protected. Must be UK resident. Must be aged 16 or older

RCI Bank
E-Volve 14 Day Notice Account RCI Bank
Min deposit £1000
Term 14 Day Notice
Interest AER 4.80%

Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)

OakNorth
Base Rate Tracker 95 Day Notice Account OakNorth
Min deposit £1
Term 95 Day Notice
Interest AER 5.37%

Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents

Investec Savings
90 Day Notice Account Investec Savings
Min deposit £5000
Term 90 Day Notice
Interest AER 5.25%

Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account

Aldermore
Fixed Rate Bond Aldermore
Min deposit £1000
Term 9 Months
Interest AER 4.90%

Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected

Hampshire Trust Bank
Fixed Rate Bond Hampshire Trust Bank
Min deposit £1
Term 1 Year
Interest AER 5.05%

Why we like it: Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older. No withdrawals permitted

load more

Tesco Current Account

Tesco offer some great rewards with their current account, particularly if you regularly shop in their stores. This is because your debit card also serves as your Tesco Clubcard and you earn 5 points for every £4 spent in Tesco and 1 point for every £8 everywhere else. You can also collect Clubcard points on fuel.

Another bonus of the current account is that they do not charge monthly fees for the account or for arranging an overdraft. This is a big saver on a lot of other current accounts especially as Tesco also pays 3% interest on amounts up to £3000.

Tesco offer, as standard:

  • An easy way to manage your money anywhere with a mobile app and online banking
  • Customer service with a UK based team who are available to talk 24/7
  • An opportunity to earn credit interest with no monthly fee
  • Free text and email alerts to avoid any fees and charges
  • Overdraft control to avoid slipping in to an unarranged overdraft
  • The app also includes a payment calendar so you can easily keep track of payments going in and out
  • A contactless card for quick purchases up to £30
  • Joint account facilities available as well as multiple current accounts in your name
  • An opportunity to deposit and withdraw money at over 300 Tesco stores in the UK
  • Make payments internationally and use your card abroad exactly like at home
  • Replacement of lost or damaged debit cards. The first two in a year are free and £10 thereafter.

They were also the 2015 winner of the Moneynet award for the ‘Best All Round Current Account’.

Your Clubcard voucher rewards:

After earning your points, every 3 months, your Clubcard points will be turned into vouchers. You will then be able to spend the vouchers at tesco.com, in store or on Tesco Fuel. You can also increase the value of the vouchers by boosting them with one of their Boost partners, UK retailers with whom Tesco have a partnership.

Useful to Know

Arranged overdrafts are charged interest at 18.90% EAR. You’ll be able to borrow up to an approved limit without any additional fees, you’ll just pay daily interest on the amount you’ve used.
If you fall in to an unarranged overdraft then you are charged fees and interest on the extra amount. Their Overdraft Control setting on your account, which allows you to decide whether a payment is made when you don't have enough money in your account to cover it, should help you avoid charges.

Overall this is a great account where you can earn some great rewards with the Clubcard scheme providing you take advantage of shopping in their stores. It’s also one of the few basic current accounts that do pay interest. The interest rate is high at 3.00% AER/2.96% Gross (variable) for balances up to £3,000. The interest is paid monthly.

Latest news

Popular Fixed Income Plan - Pays 5.7% pa with Monthly Income

Are you getting 5.7% fixed from your capital?  Read More »

Newsletter signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

Let's get social now! Twitter Facebook

About us

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.