Current Accounts

Compare our top current account deals to see if you could earn extra cash in credit interest and cashback, or save hundreds of pounds in overdraft charges.

Want to know more? Read our expert guides View our expert guides
Overdraft rate (EAR) Interest rate (AER) Account fee
Nationwide FlexDirect
  • 5% interest on up to £2,500
  • 12 month fee-free overdraft
  • Mobile and online banking
0 %
5.0 % AER (variable)
Free
Nationwide BS: Nationwide FlexDirect

Overdraft and charges

Monthly charge £0
Overdraft facilities
Automatic overdraft facility £0
Interest free overdraft limit £0
Authorised overdraft rate 0% AER
Unauthorised overdraft rate £5 per day (capped at £60 per month)
Overseas charges Forex fee (Europe) - £2, Overseas ATM - £1, Overseas Debit card - £0

Eligibility

Min age 18 years
Existing customers only N/A
Area restrictions No area restrictions.

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive no

Service Information

Free banking
Max withdrawal £300

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • 5% interest on in-credit balances up to £2,500
  • Fee-free overdraft for 12 months
  • Telephone banking and free text alerts

Cons

  • Must pay in at least £1,000 per month for 5% AER savings rate
  • Fee-free overdraft subject to eligibility
  • 50p per day overdraft usage fee after 12 months

We say

Nationwide's FlexDirect offers a competitive rate of 5% - worth up to £125 in your first year if your balance is £2,500 in credit.

The interest-free overdraft for 12 months comes in handy, with charges thereafter costing 50p per day.

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First Direct 1st Account
  • £100 for new customers
  • £250 interest-free overdraft
  • £100 if you leave within 12 months
  • Telephone and internet-based bank
Winner - Best Current Account Provider 2013.
15.9 %
0.0 % AER (variable)
Free
First Direct: First Direct 1st Account

Overdraft and charges

Monthly charge -
Overdraft facilities
Automatic overdraft facility £500
Interest free overdraft limit £250
Authorised overdraft rate 15.9% APR/EAR
Unauthorised overdraft rate 15.9% APR/EAR
Overseas charges Forex fee (Europe) - £2.75 Overseas ATM - £2 Overseas Debit card - £0

Eligibility

Min income £0
Min age 18 years
Existing customers only N/A
Area restrictions There are no area restrictions.

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive

Service Information

Free banking
Max withdrawal £500

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • 24/7 telephone and online banking
  • £125 switching bonus
  • £250 interest-free overdraft

Cons

  • Must transfer at least two Direct Debits and pay in at least £1,000 per month within the first 3 months to qualify for switching bonus

We say

First Direct offer a £100 switching incentive and a further £100 if you decide you're not happy and decide to leave within 12 months.

Winner of 4 categories in the 2013 customer satisfaction awards, First Direct's 24/7 online and telephone banking compensate for not having any high-street branches.

A handy £250 interest-free overdraft also comes as standard.

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TSB Classic Plus
  • 5% AER on savings up to £2,000
  • Minimum monthly deposit of £500
  • No promotional end date to interest rate
  • Must register for internet banking, paperless statements and correspondence (when available)
19.94 %
5.0 % AER (variable)
Free
TSB: TSB Classic Plus

Overdraft and charges

Monthly charge
Overdraft facilities
Automatic overdraft facility
Interest free overdraft limit
Authorised overdraft rate 19.94% APR/EAR
Unauthorised overdraft rate
Overseas charges

Eligibility

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive

Service Information

Free banking
Max withdrawal

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • Available to new and existing TSB customers
  • No requirement to move all of your standing orders and Direct Debits over

Cons

  • To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence (if available)
Santander 123 Current Account
  • 3% interest on up to £20,000
  • 1% cashback on water and council tax bills
  • 2% cashback on gas and electricity bills
  • 3% cashback on mobile and internet, phone and TV
  • £2 a month
0 %
3.0 % AER (variable)
£2 a month
Santander: Santander 123 Current Account

Overdraft and charges

Monthly charge £2
Overdraft facilities
Automatic overdraft facility £0
Interest free overdraft limit £0
Authorised overdraft rate 0% APR/EAR
Unauthorised overdraft rate 0% APR/EAR
Overseas charges Forex fee (Europe) - £2.75, Overseas ATM - £2, Overseas Debit card - £1

Eligibility

Min age 18 years
Existing customers only N/A
Area restrictions No area restrictions.

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive

Service Information

Free banking
Max withdrawal £300

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • 1% interest on balances from £1,000
  • 2% interest on balances from £2,000
  • 3% interest on balances from £3,000 up to £20,000
  • 1% cashback on Santander mortgage payments, water and council tax
  • 2% cashback on gas and electricity
  • 3% cashback on mobile, home phone, broadband and paid for TV packages
  • 4 month fee-free overdraft

Cons

  • £2 a month
  • Must pay in at least £500 a month
  • Must have at least two direct debits
  • Fee-free overdraft subject to eligibility
  • £1 per day overdraft usage fee after 4 months

We say

The more you pay in monthly bills, the more the 123 account will pay you in cashback, making it suitable for those with high income and expenses.

The £2 monthly fee can be easily recuperated if you're the main bill payer. If not, you can still make it back through the high interest-rate of 3% on balances from £3,000 up to a maximum of £20,000.

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Barclays Bank Account
  • Personalised contactless debit card
  • Tailor your account on the Features Store
  • Mobile and online banking
19.3 %
0.0 % AER (variable)
£0
Barclays: Barclays Bank Account

Overdraft and charges

Monthly charge N/A
Overdraft facilities
Automatic overdraft facility £0
Interest free overdraft limit £0
Authorised overdraft rate 19.3% APR/EAR
Unauthorised overdraft rate 0% APR/EAR
Overseas charges Forex fee (Europe) - £2.99, Overseas ATM - £2, Overseas Debit card - £0

Eligibility

Min age 18 years
Existing customers only N/A
Area restrictions No area restrictions.

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive

Service Information

Free banking
Max withdrawal

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • Tailor your account with optional extras from the Barclays Features Store
  • £200 interest-free overdraft when you buy a Home Pack, Tech Pack, Travel Pack or Travel Plus Pack
  • 24/7 telephone banking

Cons

  • Monthly fee required with some Features Store options
  • Interest-free overdraft subject to eligibility

We say

With no need to enter your PIN, the contactless debit card makes for a quick and easy way to pay for shopping that costs £20 or less.

You can also make quick payment to friends using Barclays Pingit and choose to upgrade your account for travel insurance, breakdown cover and gadget insurance on the Features Store.

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Natwest Select Account
  • 1% cashback at participating retailers with Cashback Plus
  • 3 months interest-free overdraft
  • Emergency cash if you lose your card
  • Mobile and online banking
19.89 %
0.0 % AER (variable)
Free
NatWest : Natwest Select Account

Overdraft and charges

Monthly charge N/A
Overdraft facilities
Automatic overdraft facility £0
Interest free overdraft limit £10
Authorised overdraft rate 19.89% APR/EAR
Unauthorised overdraft rate 0% APR/EAR
Overseas charges Forex fee (Europe) - £2.75, Overseas ATM - £2, Overseas Debit card - £0

Eligibility

Min age 18 years
Existing customers only N/A
Area restrictions No area restrictions.

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive Cashback Plus - when this incentive is added the customer will earn a minimum of 1% cashback on qualifying spends, when they use their debit card at participating retailers. Cashback earned can be redeemed as cash to the customer's current account, exchanged for gift cards or tickets at participating retailers or donated to charity. Offset Service allows customers to use their balance to reduce interest payments on their mortgage.

Service Information

Free banking
Max withdrawal £300

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • Cashback Plus rewards 1% at participating retailers
  • 24 hour UK call centres, online and mobile banking
  • Optional free overdraft control service
  • Interest-free overdraft for 3 months when you switch

Cons

  • Interest-free overdraft subject to eligibility

We say

Pay your contacts with the mobile app – users have the option of paying anyone with a UK Visa debit, credit or prepaid card using just a mobile number.

Includes a contactless debit card and the ability to earn a minimum of 1% with Cashback Plus at participating retailers.

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Nationwide FlexAccount
  • European travel insurance
  • Discounted home insurance or loans
  • No monthly fee
  • Mobile and online banking
0.0 % AER (variable)
Free
Nationwide: Nationwide FlexAccount

Overdraft and charges

Monthly charge
Overdraft facilities
Automatic overdraft facility
Interest free overdraft limit
Authorised overdraft rate
Unauthorised overdraft rate
Overseas charges

Eligibility

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive

Service Information

Free banking
Max withdrawal

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • European travel insurance with no monthly fee
  • UK call centres
  • Access to special offers on credit cards, loans, savings and mortgages
  • 3 months interest-free overdraft

Cons

  • Must pay in £750 per month to qualify for European travel insurance
  • Interest-free overdraft subject to eligibility

We say

This account offers European travel insurance and discounted home insurance and personal loans deals - which is pretty good considering there's no monthly fee.

There's also a 3 month interest-free overdraft, a mobile app and telephone banking via UK call centres.

Enquire
Santander Everyday Account
  • Free arranged overdraft for 4 months
  • Overdraft matching service
  • 24 hours a day phone and online banking
0 %
0.0 % AER (variable)
Free
Santander: Santander Everyday Account

Overdraft and charges

Monthly charge N/A
Overdraft facilities
Automatic overdraft facility £0
Interest free overdraft limit £0
Authorised overdraft rate 0% APR/EAR
Unauthorised overdraft rate 0% APR/EAR
Overseas charges Forex fee (Europe) - £2.75 - Overseas ATM - £2- Overseas Debit card - £1

Eligibility

Min age 18 years
Existing customers only N/A
Area restrictions No area restrictions.

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive

Service Information

Free banking
Max withdrawal £300

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • No fees or minimum funding required
  • Free arranged overdraft for 4 months

Cons

  • Must be your main account in order to get the overdraft offer

We say

Santander's most standard current account offers a handy fee-free overdraft for the first four months.

There's no monthly account fee and no minimum funding required.

Enquire
TSB Classic Account
  • Free everyday banking as long as you stay in credit
  • Access to your money 24 hours a day, 7 days a week
0 %
0.0 % AER (variable)
Free
TSB: TSB Classic Account

Overdraft and charges

Monthly charge
Overdraft facilities
Automatic overdraft facility
Interest free overdraft limit £25 (subject to status)
Authorised overdraft rate 0% EAR variable
Unauthorised overdraft rate 19.94% EAR variable
Overseas charges

Eligibility

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive

Service Information

Free banking
Max withdrawal

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • £25 interest-free planned overdraft (subject to status)
  • No fees or interest if you are overdrawn by £10 or less
Royal Bank of Scotland Select Account
  • Earn a minimum of 1% of your spend at participating retailers with Cashback Plus
  • Visa Debit card with contactless technology
  • Emergency cash if you lose your card
19.89 %
0.0 % AER (variable)
Free
RBS: Royal Bank of Scotland Select Account

Overdraft and charges

Monthly charge N/A
Overdraft facilities
Automatic overdraft facility £0
Interest free overdraft limit £10
Authorised overdraft rate 19.89% APR/EAR
Unauthorised overdraft rate 0% APR/EAR
Overseas charges Forex fee (Europe) - £2.75, Overseas ATM - £2, Overseas Debit card - £0

Eligibility

Min age 18 years
Existing customers only N/A
Area restrictions No area restrictions.

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive

Service Information

Free banking
Max withdrawal £300

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • Emergency cash if you lose your card
  • Cashback Plus rewards

Cons

  • Three month interest free overdraft subject to status

We say

The emergency cash option is useful if you're prone to losing your debit card, allowing you to withdraw up to £300 from any RBS, NatWest or Ulster Bank cash machine if you have enough money in your account.

Also Includes a contactless debit card and the ability to earn a minimum of 1% with Cashback Plus.

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M&S Premium Current Account
  • Interest rate on balances: 0.00% AER
  • Interest free overdraft: £100
  • Monthly charge: £10
15.9 %
0.0 % AER (variable)
£10 per month
M&S Bank: M&S Premium Current Account

Overdraft and charges

Monthly charge £10
Overdraft facilities
Automatic overdraft facility £500
Interest free overdraft limit £100
Authorised overdraft rate 15.9% APR/EAR
Unauthorised overdraft rate 0% APR/EAR
Overseas charges Forex fee (Europe) - £2.75 Overseas ATM - £0 Overseas Debit card - £0

Eligibility

Min income £0
Min age 18 years
Area restrictions There are no area restrictions

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive If customer switches their day-to-day banking to the Bank within 6 months of account opening, the customer will receive 12 M&S vouchers, giving 20% off M&S clothing and homeware on one transaction per month. An in branch pager service to let the customer know when an assistant is free, to save the customer needing to queue.

Service Information

Free banking
Max withdrawal £500

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook
Natwest Select Silver
  • Amazon Instant Video subscription
  • Mobile phone insurance
  • European travel insurance plus winter sports cover
19.89 %
0.0 % AER (variable)
£10 per month
NatWest: Natwest Select Silver

Overdraft and charges

Monthly charge £10
Overdraft facilities
Automatic overdraft facility £0
Interest free overdraft limit £10
Authorised overdraft rate 19.89% APR/EAR
Unauthorised overdraft rate 0% APR/EAR
Overseas charges Forex fee (Europe) - £2.75, Overseas ATM - £2, Overseas Debit card - £0

Eligibility

Min age 18 years
Existing customers only N/A
Area restrictions No area restrictions.

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive Cashback Plus: when this incentive is added the customer will earn a minimum of 1% cashback on qualifying spends, when they use their debit card at participating retailers. Cashback earned can be redeemed as cash to the customer's current account, exchanged for gift cards or tickets at participating retailers or donated to charity. Offset Service allows customers to use their balance to reduce interest payments on their mortgage.

Service Information

Free banking
Max withdrawal £300

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • Amazon Instant Video streaming and hmvdigital downloads
  • Travel and mobile phone insurance
  • Contactless debit card

Cons

  • Three month interest free overdraft subject to approval

We say

Natwest's lowest priced packaged account offers European travel insurance including winter sports cover - useful for ski trips. It also comes with mobile phone insurance.

Plus you'll get online streaming from Amazon Instant Video along with music downloads from hmvdigital.

Enquire
Royal Bank of Scotland Select Silver
  • Mobile phone insurance
  • Amazon Instant Video subscription
  • European travel insurance plus winter sports cover
19.49 %
0.0 % AER (variable)
£10 per month
RBS: Royal Bank of Scotland Select Silver

Overdraft and charges

Monthly charge £16
Overdraft facilities
Automatic overdraft facility £0
Interest free overdraft limit £250
Authorised overdraft rate 19.49% APR/EAR
Unauthorised overdraft rate 0% APR/EAR
Overseas charges Forex fee (Europe) - £2.75, Overseas ATM - £2, Overseas Debit card - £0

Eligibility

Min age 18 years
Existing customers only N/A
Area restrictions No area restrictions.

Incentives

Annual travel insurance
Breakdown insurance
Discount vouchers
Savings sweep
Other insurance
Other incentive Cashback Plus - when this incentive is added the customer will earn a minimum of 1% cashback on qualifying spends, when they use their debit card at participating retailers. Cashback earned can be redeemed as cash to the customer's current account, exchanged for gift cards or tickets at participating retailers or donated to charity. Can offset a mortgage with this account: Forgo interest on this account, in order to not pay the interest on the same amount of the mortgage. Preferential exchange rate on commission free foreign currency and traveller's cheques.

Service Information

Free banking
Max withdrawal £300

Account Access

Telephone
Branch
Internet
Post office

Services available

Standing order
Direct debit
Bill payment
Round up savings
Text alerts
Text mini statements
Atm mini statements

Cards / Cheques

Debit card
Atm card
Cheque book
Passbook

Pros

  • Travel and mobile phone insurance
  • Amazon Instant Video streaming and music downloads from hmvdigital
  • Contactless debit card

Cons

  • Three month interest free overdraft subject to status

We say

RBS's lowest priced packaged account offers European travel insurance including winter sports cover - useful for ski trips. It also comes with mobile phone insurance.

Plus you'll get online streaming from Amazon Instant Video along with music downloads from hmvdigital.

Enquire

uSwitch is authorised and regulated by the Financial Conduct Authority (FSA FRN 312850) to provide this current accounts comparison service with information provided by Moneyfacts.co.uk who are authorised and regulated by the Financial Conduct Authority (FSA FRN 486048).