ONLINE BANKING ACCOUNTS

With the new 123 Current Account from Santander you could save when you spend with your cashback on your household bills.

• 1% cashback on water and council tax bills
• 2% cashback on gas and electricity bills
• 3% cashback on mobile, landline, broadband and paid-for TV package bills

And you could save when you don't spend with interest on your account balance.

• 1% AER (variable) interest once your balance is £1,000 or over
• 2% AER (variable) interest once your balance is over £2,000
• 3% AER (variable) interest once your balance is over £3,000 (up to a maximum of £20,000)

Interest rates will apply on the first £20,000 of your entire balance once you have at least £1,000 in your account.

This is a great account if you tend not to go overdrawn. Rather than paying interest customers have £5.00 a month credited to their account as long as they make a monthly deposit of £1,000 or more. You’ll also benefit from a free overdraft for 120 days to ensure the switching process runs smoothly.

This account is expensive if you regularly go overdrawn though: you'll be charged a £1.00 per day for authorised borrowing up to £2,500 and £2.00 per day above £2,500. If you go overdrawn without permission you’ll be charged £5.00 per day.

Halifax is part of the Lloyds Banking Group

Nationwide's FlexAccount, gives you access to a range of exclusive offers, including free European travel insurance, discounted personal loans and special mortgage deals - all with no monthly account fee.

No interest is paid on balances in credit however 24 hour telephone banking and internet banking is available and you can withdraw up to £250 a day.

Receive £125 cashback when you switch to first direct through Moneysupermarket.com. You must pay in at least £1,500 a month otherwise a £10 monthly fee will be charged. No interest is paid on balances in credit but first direct is well known for excellent customer service.

first direct is a division of HSBC Bank plc

One of the world's biggest banks, HSBC offers a dedicated switching service and 24-hour online banking.

One of the most popular current accounts, customers receive a £100 interest-free buffer if they go overdrawn. If you need to borrow more than that the authorised overdraft rate is high at 19.89%. There is a UK-based customer call centre, open 24 hours a day.

NatWest is a member of the Royal Bank of Scotland Group

Customers receive a £100 interest-free buffer if they go overdrawn. If you need to borrow more than that the authorised overdraft rate is high at 19.24%. There is a UK-based customer call centre, open 24 hours a day.