Current Accounts

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Here are our top current account deals. You can see more accounts below.

CHOOSE FROM A £150 EXPEDIA VOUCHER, TOP-END TECH OR AN ONLINE COURSE

  • Get a reward worth up to £150 when you use the Current Account Switch Service to switch your current account to first direct through MoneySuperMarket (this will close your old account). T&Cs apply
  • Rewards include a £150 Expedia travel voucher; top-end tech such as Bose headphones or Bluetooth portable speaker, Fitbit Charge 2, Amazon Echo Spot or Polaroid camera; or one of 250 online learning and training courses
  • You must pay in at least £1,000 into this current account within three months of opening. After 6 months, first direct will charge a monthly £10 fee unless the customer pays in a regular £1,000 a month or has another first direct product
  • New first direct customers only
  • Customers must be 18 or over
SWITCHING REWARDS

Switch & get a gift worth up to £150. Choose from: £150 Expedia voucher, Bose SoundLink Mini II bluetooth speaker, a choice of Bose headphones, Fitbit Charge 2 SE, Amazon Echo Spot, Polaroid OneStep 2 camera, or up to 250 online courses. T&Cs apply.

DOUBLE CASH REWARDS IF YOU SWITCH TO BARCLAYS BLUE REWARDS ACCOUNT

  • Up to £7 monthly cash reward for having direct debits
  • Up to £9 monthly cash reward for having selected Barclays products
  • Earn enhanced cashback plus an additional 1% cashback for 12 months
  • Switch your everyday banking using the Current Account Switch Service by 29 June 2018, and you’ll get double cash rewards – that’s up to £32 a month in rewards for a whole year - plus double cashback (2%)
  • To earn cashback you’ll need to pay in at least £800 into your account each month and pay a £3 monthly fee.
  • To apply, you must be 18+ and a UK resident. T&Cs apply

Compare current accounts

It’s more attractive than ever to compare current accounts: healthy competition means there are a number of incentives available for those willing to switch. But if you don’t compare current accounts, you could be missing out on a great deal – and some free cash!

Switching current accounts is simple because most of the legwork is done for you and, at the end of it, you can benefit from an account that’s much better for your pocket and lifestyle. 

Find the best current accounts

If you’re looking for the best current account, you’ll benefit from a wide range of products to choose from. Many of the best current accounts offer:

  • High interest rates
  • Cashback and rewards on spending
  • Competitive overdraft rates

The best current account is different for each person, as it depends on your spending habits and level of savings. Our guide to our best current accounts will help you discover which type account will suit you – and we’ll even help you to open it. 

Great for switching cashback

Switching current accounts has never been simpler, and many providers are offering lucrative incentives for moving your account to them. 

When you switch your current account to a new bank or building society, you could get £100 or more in cashback as a reward for switching. Just make sure that you’re applying for an account that suits your needs, not just the one with the highest cashback.

Switching Cashback Current Accounts - Ordered by the total amount of cashback/reward after fees.
 

Customer service rating

Great (28%) Ok (43%) Poor (29%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Cashback
  • Overdraft Facility
  • Switching Service
  • Mobile App
Great for
  • Earn £100 cashback when you use the Current Account Switch Service to switch your current account held elsewhere to Royal Bank online by 6 July 2018, T&Cs apply
  • 2% cashback on 7 household bills with unlimited rewards if paid by direct debit. Customers earn on average £83 per year based on monthly bills of £345
  • Take advantage of fee-free debit card purchases when abroad until the 31st of August 2018 local time. T&Cs apply.
But be aware that
  • You must be 18+ and a UK resident to apply. £2 monthly fee applies and to earn rewards you need to access online or mobile banking once every 3 months
  • If you have previously taken part in any offer to switch to us for a cash payment (including from NatWest between October 2017 and May 2018), you won’t be eligible for this offer. Offer is online only and can be withdrawn at any time
  • You must open an account by 6 July, then complete a full switch of a non-Royal Bank account using the Current Account Switch Service, pay £1,500 into the account and log into your online or mobile banking service by 24 August
SWITCHING REWARDS

GET £100 PLUS 2% CASHBACK ON HOUSEHOLD BILLS WHEN YOU SWITCH. T&CS APPLY. SEE PROVIDER SITE FOR ELIGIBILITY DETAILS

M&S M&S

Current Account

Customer service rating

Great (62%) Ok (29%) Poor (9%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Overdraft Facility
  • Direct Debits
  • Switching Service
  • Online Banking
Great for
  • Get a £125 M&S gift card when you use the switching service to switch to this current account, plus £5 per month gift card top up for up to 12 months. T&Cs apply
  • You can also open an M&S Monthly Saver account and earn 5% AER
  • Get a £100 interest-free overdraft, with a £50 buffer if you go over your agreed limit, subject to status
But be aware that
  • You must be at least 18 years old to open this account
  • To get the £125 gift card, you must use the current account switch service, and you must have at least two active direct debits from the account
  • To get the £5 monthly top up, you must pay in at least £1,000 every month, and you must have at least two active direct debits from the account
Switching Gift Card!

Earn up to £185 on an M&S gift card! Receive £125 when you switch and up to £60 when you stay! Conditions apply, see T&Cs

Customer service rating

Great (91%) Ok (7%) Poor (2%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Mobile App
  • Online Banking
  • Overdraft Facility
  • Standing Orders
Great for
  • Switch and choose from a range of 8 rewards worth up to £150, including a £150 Expedia voucher and a Bose SoundLink Mini II bluetooth speaker, which is only available if you switch through MoneySuperMarket. T&Cs apply.
  • You can also open a regular savings account and earn 5% AER
  • Get a £250 interest-free overdraft, subject to status
But be aware that
  • You must be at least 18 years old to open this account
  • You must pay in at least £1,000 within the first 3 months of opening the account to qualify for the advertised reward
SWITCHING REWARDS

Switch & get a gift worth up to £150. Choose from: £150 Expedia voucher, Bose SoundLink Mini II bluetooth speaker, a choice of Bose headphones, Fitbit Charge 2 SE, Amazon Echo Spot, Polaroid OneStep 2 camera, or up to 250 online courses. T&Cs apply.

Barclays Barclays

Bank Account with Blue Rewards

Customer service rating

Great (45%) Ok (37%) Poor (18%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Overdraft Facility
  • Mobile App
  • Direct Debits
  • Standing Orders
Great for
  • Get double rewards for 12 months when you switch and join Barclays Blue Rewards. Eligibility, terms & monthly fee apply. Offer valid only with full switches using the Current Account Switch Service before 29 June 2018
  • Get £14 each month for banking with Barclays and joining Barclays Blue Rewards (£7 for each of your first 2 Direct Debit payments) and extra cash rewards on selected products for 12 months
  • Earn an enhanced rate of cashback with over 150 retailers and Expedia when shopping through Barclays
But be aware that
  • You must be at least 18 years old to open this account
  • You'll have to pay a £3 monthly fee
  • You'll need to pay in at least £800 a month in 'new' money, such as salary or pension (as opposed to interest or one-off payments from other Barclays accounts)
Limited offer

Get double cash rewards for 12 months with Barclays Blue Rewards when you switch by 29 June 2018. T&Cs & eligibility apply


See more cashback paying accounts 

Ongoing rewards

If you tend to stay in credit and never go overdrawn, you could get rewarded regularly by your bank or building society. By switching to a rewards current account, you could get a monthly reward payment and earn cashback on your spending. Some providers will also offer a cash incentive for switching your current account to them.

Many rewards accounts have requirements such as paying in a minimum amount each month, or having a minimum number of direct debits, so make sure you can meet the criteria to get the rewards. 

Ongoing Rewards – Ordered by the highest ongoing cashback over the first 12 month period after fees
 

Barclays Barclays

Bank Account with Blue Rewards

Customer service rating

Great (45%) Ok (37%) Poor (18%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Overdraft Facility
  • Mobile App
  • Direct Debits
  • Standing Orders
Great for
  • Get double rewards for 12 months when you switch and join Barclays Blue Rewards. Eligibility, terms & monthly fee apply. Offer valid only with full switches using the Current Account Switch Service before 29 June 2018
  • Get £14 each month for banking with Barclays and joining Barclays Blue Rewards (£7 for each of your first 2 Direct Debit payments) and extra cash rewards on selected products for 12 months
  • Earn an enhanced rate of cashback with over 150 retailers and Expedia when shopping through Barclays
But be aware that
  • You must be at least 18 years old to open this account
  • You'll have to pay a £3 monthly fee
  • You'll need to pay in at least £800 a month in 'new' money, such as salary or pension (as opposed to interest or one-off payments from other Barclays accounts)
Limited offer

Get double cash rewards for 12 months with Barclays Blue Rewards when you switch by 29 June 2018. T&Cs & eligibility apply


See more reward accounts 

Great for high in-credit balances

Traditionally, current accounts have been a way to manage your spending on a day-to-day, week-to-week and month-to-month basis. If you had any extra savings, you would naturally think of some kind of dedicated savings account.

That’s no longer the case. A number of current accounts pay very attractive rates of interest relative to all but the best fixed-term savings accounts. Plus, with a current account, there is no obligation to tie-up your money for a fixed period in order to access the best rate of return.

That said, interest-paying current accounts do have a number of requirements, such as monthly fees, minimum monthly payments and the need to run two direct debits.

But the combination of a competitive interest rate plus other benefits, such as cashback on spending, can make them an attractive proposition.

 

Great for in-credit balances - ranked by AER (highest first)
 

Santander Santander

123 Current Account

Customer service rating

Great (61%) Ok (31%) Poor (8%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

Go to site

Sorry, we can’t help you to open this account

  • Mobile App
  • Switching Service
  • Overdraft Facility
  • Cashback
Great for
  • Earn interest of 1.5% AER (variable) on your balance up to £20,000
  • Earn cashback on selected household bills, as long as you pay by direct debit
But be aware that
  • You'll have to pay a £5 monthly fee
  • You must pay in at least £500 every month
  • You must have at least two active direct debits from this account


See more interest paying accounts 

Top for customer service

If you’re fed up with getting poor customer service from your bank, switch your current account to a provider that’s known for looking after its customers. 

As well as making your life easier, some of these accounts offer extra benefits such as competitive overdrafts or cashback for switching. 

Many current account providers require you to pay in a minimum amount every month, so make sure you can manage this.

Top for Customer Service – Ordered by score
 

Customer service rating

Great (91%) Ok (7%) Poor (2%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Mobile App
  • Online Banking
  • Overdraft Facility
  • Standing Orders
Great for
  • Switch and choose from a range of 8 rewards worth up to £150, including a £150 Expedia voucher and a Bose SoundLink Mini II bluetooth speaker, which is only available if you switch through MoneySuperMarket. T&Cs apply.
  • You can also open a regular savings account and earn 5% AER
  • Get a £250 interest-free overdraft, subject to status
But be aware that
  • You must be at least 18 years old to open this account
  • You must pay in at least £1,000 within the first 3 months of opening the account to qualify for the advertised reward
SWITCHING REWARDS

Switch & get a gift worth up to £150. Choose from: £150 Expedia voucher, Bose SoundLink Mini II bluetooth speaker, a choice of Bose headphones, Fitbit Charge 2 SE, Amazon Echo Spot, Polaroid OneStep 2 camera, or up to 250 online courses. T&Cs apply.

M&S M&S

Current Account

Customer service rating

Great (62%) Ok (29%) Poor (9%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Overdraft Facility
  • Direct Debits
  • Switching Service
  • Online Banking
Great for
  • Get a £125 M&S gift card when you use the switching service to switch to this current account, plus £5 per month gift card top up for up to 12 months. T&Cs apply
  • You can also open an M&S Monthly Saver account and earn 5% AER
  • Get a £100 interest-free overdraft, with a £50 buffer if you go over your agreed limit, subject to status
But be aware that
  • You must be at least 18 years old to open this account
  • To get the £125 gift card, you must use the current account switch service, and you must have at least two active direct debits from the account
  • To get the £5 monthly top up, you must pay in at least £1,000 every month, and you must have at least two active direct debits from the account
Switching Gift Card!

Earn up to £185 on an M&S gift card! Receive £125 when you switch and up to £60 when you stay! Conditions apply, see T&Cs


See more leading customer service accounts 

What is a current account?

A current account is a bank or building society account that allows you to manage your day-to-day spending.

You can have your salary paid into it, set up direct debits and standing orders and negotiate an overdraft. Some accounts also pay interest on balances and offer cashback on spending.

Switch current accounts

We’re getting generally better at switching financial products and shopping around for a better deal. But changing current account provider is something that continues to elude most of us. In fact, an estimated six out of ten adults have never switched their current account.

There are 54 million current accounts in the UK, making them big business for banks. And, as they know that once they’ve got your custom, they are unlikely to lose it, it can result in some uncompetitive deals and poor customer service.

The big four banks – Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland, which owns NatWest – control more than 70% of the current account market, even though their standard current accounts pay paltry, and in some cases zero, interest. Their overdraft rates can be uncompetitive too, so why do so many people stay put?

The common perception is that switching current account is a lot of hassle for little gain but this isn’t the case. The Current Account Switch Service came into effect in 2013. Amid other consumer guarantees, it ensures the process takes a maximum of seven working days. So now is the time to stop being loyal to your bank and get more from your current account.

What should I look for when choosing a current account?

The assumption many people make is that current accounts are all pretty similar so it doesn’t really matter which provider you bank with. But, especially these days, that perception is a long way from the truth.

Some of the major providers are battling to attract new current account business by offering some fantastic deals, including upfront cash incentives. However, the product that is best for you will also depend on how you use your current account. So we’ve come up with some common customer profiles that should help you identify the key things to focus on when choosing a current account.

If your current account is usually in credit, look for a deal that pays a decent rate of interest – the choice of these is growing!

If you are usually overdrawn, look for the cheapest overdraft rates. Some accounts now also offer fee-free overdrafts for a certain time period.

Look at how you manage your bank account. Some current accounts are based online for example, so if you prefer to transact face-to-face in a branch, these won’t be right for you.

If you do require branch access, and see an account that looks attractive, think about where the nearest branch of that bank or building society is, as there’s little point moving your current account over if you’ll have to travel miles to get to a branch.

Think about whether you want to pay a monthly fee for a packaged current account which offers services such as breakdown cover and annual travel insurance.

Finally, if you frequently travel abroad, check out any foreign transaction fees for using your debit card, as these also vary.

How to change current accounts

Now that the majority of banks operating in the UK have signed up to the 7 day current account switching scheme, the process should take no longer than 7 working days.

When you want to switch current account, you’ll need to complete a Current Account Switch Agreement form, and on this you will select a day that you want the switch to occur. Seven working days prior to that agreed date, your new bank or building society will be in touch to confirm that the switching process has begun.

You will be able to use your old account right up until the switch has taken place, meaning you’ll always have a working bank account and won’t be stuck in limbo.

All of your incoming and outgoing payments will be transferred over; if there are any issues, your bank will be in touch. 

What you need to open a bank account

Each bank will have its own specific requirements, but generally speaking you will need an official proof of identification, plus proof of a UK address.

Proof of address will usually mean one of the following: a utility bill which is less than 3 months old, a tenancy agreement or mortgage statement, a recent bank or credit card statement, OR a current council tax bill.

Accounts that give rewards for switching

Some banks and building societies offer cashback or rewards if you switch current accounts to bank with them. Check out the latest deals and offers here.

Tips on saving money

There are so many different ways to save money, from shopping around for your home energy and broadband bills, to not letting your car or home insurance auto-renew – making a start is sometimes the hardest part.

Take the first step today with these easy ways to start saving.

Why should I change bank account?

While switching credit cards is quite a usual occurrence for many people, switching current accounts is still quite uncommon. Many people still have the same current account they opened as a youngster. For this reason, banks can be quite competitive in offering incentives to switch. If you take the time to do some research and actually make a switch, you could get a great deal.

How do I switch bank accounts?

Once you’ve compared current accounts and found the right one for you, simply click through to your chosen bank or building society’s website and follow the instructions to open a new account.

Once you have done this, you will have to fill out a Current Account Switch Agreement form so your new bank or building society can begin the process.

How long does it take to switch?

Thanks to the Current Account Switch Agreement, the process should not take more than seven working days. You will be able to use your old account right up until the switch has been made to the new account, so you won’t be left in the lurch.

Do I need to tell my current bank?

No, you don’t. Once you’ve filled out the Current Account Switch Agreement form with your chosen new provider, they will do all the work for you.

What happens to my direct debits when I switch bank account?

As part of the Current Account Switch Agreement, all payments coming in and out of your account will be redirected to your new account by your new provider for 13 months. During those 13 months, your new provider will also contact the sender to inform them of your new account details. If there are any problems with this process, your bank will contact you to make you aware.

For important payments into your account, like your salary, it makes sense to let your employer know, but the majority of these issues should be taken care of by your new provider.

The only thing you will probably need to change manually would be any recurring payments that were set up using the details of your debit card.


Explore


Explore more current accounts

How we work

Our current account comparison service is completely free to use. We do not make any money from the comparison of different current accounts.

However, if you did decide to make a switch to one of the current accounts you found through our service, and clicked through to make the switch, we would receive a fee from that provider. If you cancel the switch, or the switch doesn’t go through for whatever reason, we would not receive a fee.

Some banks also work with us to help them keep their customers, so if you switch to a different current account but stay with the same bank or building society, that company will pay us a fee.

Find out more about how we work.