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The current account market offers some great deals for those willing to switch providers. Switching 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.

If you’re looking for the best current account, you’ll benefit from healthy competition among banks and building societies. This has created a wide range of products from which to choose, and you can search for current accounts that offer:

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

Always compare your options to get the right deal for you. 

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

Get up to £200 in the first year when you switch to TSB through MoneySuperMarket (offer ends 4th December)
  • Get £130 cashback when you use the full Current Account Switch Service to switch to the TSB Classic Plus account. Conditions apply - see T&Cs
  • Additional £5 cashback a month when you run 2 direct debits per month*
  • Plus £5 cashback a month for using your debit card at least 20 times a month*
  • 3% AER (variable) on balances up to £1,500 when you pay in at least £500 per month and register for internet/paperless banking
  • Apply by 4th December and complete your switch by 22nd December 2017, with a minimum of 2 active direct debits and pay in £500 within 28 days of switching. You are not eligible for this offer if you have previously received an incentive or benefit for switching to TSB Bank plc using the Current Account Switch Service
*For accounts opened after 1 March 2017 only. Cashback is paid on debit card transactions and direct debits up to and including 30 June 2018. You must be registered for internet banking.
Get £150 for switching to HSBC - and £50 if you stay
  • Get £150 when you use the full Current Account Switch Service to switch your current account to the HSBC Advance account via MoneySuperMarket. The switch must include two Direct Debits or Standing Orders. T&Cs apply
  • Get a further £50 when you register for mobile or online banking and meet the account eligibility criteria for at least 9 of the first 12 months
  • To qualify customers must pay in a minimum of £1,750 a month
  • Customers are not eligible if they hold a HSBC account or have done since Jan 2015
  • Preferential rate of 5% AER/Gross on HSBC Regular Saver account for 12 months
  • £500 daily ATM cash withdrawals
  • You will not find this offer on comparison sites outside Moneysupermarket Group
  • This offer is available until 26 November 2017
Get £125 for switching your current account to first direct at MoneySuperMarket
  • Earn £125 cashback when you use the full Current Account Switch Service to switch your current account to first direct through MoneySuperMarket, T&Cs apply
  • Cashback exclusive to MoneySuperMarket Group – not available on any other comparison site or on first direct’s website 
  • 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
  • Offer available until 11 December 2017. Once you have paid in £1,000, the £125 cashback will be credited to your account within 28 working days
  • Customers must be 18 or over

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.

Great for switching cashback - Ordered by the amount of cashback/reward
 

TSB TSB

Classic Plus Account

Customer service rating

Great (63%) Ok (30%) Poor (7%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Cashback
  • Direct Debits
  • Mobile App
  • Online Banking
Great for
  • £130 cashback for switching to a TSB Classic Plus Account using the Current Account Switch Service by 22nd December 2017. Must apply by the 4th December 2017
  • Plus £5 cashback for 20 debit card payments per month and £5 cashback for two different direct debit payments per month. Valid from 1st March 2017. T&Cs apply, ends 30th June 2018
  • If you have a Plus account, earn up to £5 a month cashback with selected TSB credit cards (Representative 18.9% APR variable) . T&Cs apply. Ends 30th June 2018
But be aware that
  • To earn the £130 Switching Cashback, transfer a minimum of two active direct debits as part of the switch and credit at least £500 in the first 28 days of the switch
  • To earn 3% AER (variable) on balances up to £1,500, credit your account with a min of £500 each month and register for internet banking, paperless statements and correspondence
  • You can only get the monthly cashback if you opened your account on or after 1st March 2017, and if you register for internet banking. T&Cs apply. Offer ends 30th June 2018
Limited offer

Get up to £200 cashback in the first year when you switch to TSB through MoneySuperMarket (offer ends 4th December)

HSBC HSBC

HSBC Advance Bank Account

Customer service rating

Great (42%) Ok (43%) Poor (15%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Online Banking
  • Mobile App
  • Standing Orders
  • Overdraft Facility
Great for
  • Get £150 & a 6 month interest and fee free overdraft, when you start a full switch, with 2 direct debits or standing orders, to the HSBC Advance Bank Account
  • Receive a further payment of £50 after 12 months when you register for Mobile or Online Banking within 60 days of account opening.
  • Minimum overdraft offer of £1,000 at account opening.
But be aware that
  • HSBC Advance Bank Account requires minimum monthly funding of £1,750
  • You must continue to meet account eligibility criteria in order to receive the further payment.
  • £1,000 overdraft offer subject to status and meeting HSBCs proof of UK address requirements.
Limited offer

New customers get £200 and a 6 month interest and fee free overdraft when they switch and stay. T&Cs apply, please see provider site for full details. Limited offer, ends 26th November 2017

M&S M&S

Current Account

Customer service rating

Great (68%) Ok (19%) Poor (13%)

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 (90%) Ok (7%) Poor (3%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Cashback
  • Online Banking
  • Mobile App
  • Standing Orders
Great for
  • Get £125 cashback when you use the switching service to switch to this current account, for new customers only
  • 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 cashback reward
Exclusive

Receive £125 cashback when you switch your current account to first direct. You can't get this offer anywhere else. T&Cs apply. Limited offer, ends 11th December 2017


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 highest ongoing cashback over the first 12 month period
 

NatWest NatWest

Reward Account

Customer service rating

Great (46%) Ok (36%) Poor (18%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Cashback
  • Mobile App
  • Overdraft Facility
  • Online Banking
Great for
  • 2% back on seven household bills (Council Tax, Mobile, Landline, TV Package, Water, Gas, Electricity & Broadband)
  • Unlimited rewards on household bills if paid by Direct Debit. NatWest customers earn on average £83 per year based on monthly bills of £345. Excludes monthly £2 fee
But be aware that
  • £2 monthly fee
Barclays Barclays

Bank Account with Blue Rewards

Customer service rating

Great (41%) Ok (40%) Poor (19%)

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
  • Earn cashback at over 150 retailers and Expedia when you shop online and in-store through Barclays
  • Earn up to £15 a month in loyalty rewards
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


See more reward accounts 

Great for balances below £3,000

If you tend to keep a healthy balance in your account, and you don’t slip into the red, you could get rewarded for your efforts with a high-interest current account. In fact, you could earn as much as 5.00% AER on balances of up to £2,500, so long as you pay in the minimum required amount every month.

Just be aware that the interest rates on some accounts are only available for a fixed introductory period, and will drop after this.

Great for smaller in-credit balances – Ordered by AER
 

TSB TSB

Classic Plus Account

Customer service rating

Great (63%) Ok (30%) Poor (7%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Cashback
  • Direct Debits
  • Mobile App
  • Online Banking
Great for
  • £130 cashback for switching to a TSB Classic Plus Account using the Current Account Switch Service by 22nd December 2017. Must apply by the 4th December 2017
  • Plus £5 cashback for 20 debit card payments per month and £5 cashback for two different direct debit payments per month. Valid from 1st March 2017. T&Cs apply, ends 30th June 2018
  • If you have a Plus account, earn up to £5 a month cashback with selected TSB credit cards (Representative 18.9% APR variable) . T&Cs apply. Ends 30th June 2018
But be aware that
  • To earn the £130 Switching Cashback, transfer a minimum of two active direct debits as part of the switch and credit at least £500 in the first 28 days of the switch
  • To earn 3% AER (variable) on balances up to £1,500, credit your account with a min of £500 each month and register for internet banking, paperless statements and correspondence
  • You can only get the monthly cashback if you opened your account on or after 1st March 2017, and if you register for internet banking. T&Cs apply. Offer ends 30th June 2018
Limited offer

Get up to £200 cashback in the first year when you switch to TSB through MoneySuperMarket (offer ends 4th December)


See more interest paying accounts 

Great for high in-credit balances

If you’ve got savings of £3,000 or more, a conventional savings account may not be the best way to get the most out of your money. Instead, you could earn a higher rate of interest by keeping your cash in a current account that pays a competitive return on high balances. . 

Some accounts, for example, offer rates of 1.5% AER on balances of up to £20,000, and you may also be able to earn cashback on some of your household bills.

Many of these accounts require you to pay in a minimum amount every month, and some also come with monthly fees, so make sure you consider this when comparing accounts.

Great for high in-credit balances – Ordered by AER
 

Santander Santander

123 Current Account

Customer service rating

Great (65%) Ok (29%) Poor (6%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • 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
2016 SUPERS

Winner of the Best 'Loyalty’ Current Account Provider


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 (90%) Ok (7%) Poor (3%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Cashback
  • Online Banking
  • Mobile App
  • Standing Orders
Great for
  • Get £125 cashback when you use the switching service to switch to this current account, for new customers only
  • 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 cashback reward
Exclusive

Receive £125 cashback when you switch your current account to first direct. You can't get this offer anywhere else. T&Cs apply. Limited offer, ends 11th December 2017

M&S M&S

Current Account

Customer service rating

Great (68%) Ok (19%) Poor (13%)

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

Santander Santander

123 Current Account

Customer service rating

Great (65%) Ok (29%) Poor (6%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • 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
2016 SUPERS

Winner of the Best 'Loyalty’ Current Account Provider


See more leading customer service accounts 


See more current accounts 

Current accounts. Trust us to explain them simply

Guides

  

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.

Current Accounts Guide

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 54million 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 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 no, 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. Many banks now have dedicated switching teams which ensure the transfer process runs smoothly. And from September 2013, the Current Account Switch Service comes into effect. Amid other consumer guarantees, this will ensure 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 only online for example so, if you prefer to transact face-to-face in a branch, these won’t be suitable.

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 we work

We want to show you current accounts from as many banks and building societies as possible, so that you can find the best option for you. We can’t promise to have accounts from every single provider, because some don’t want to be included on comparison websites.

You can find out more about how we work here.