Skip to main content

Compare current accounts

Looking for a current bank account with a better overdraft rate, higher interest, cashback or other benefits? We compare different factors, which will help you decide on the best current account for your needs, from 8 banks, including high street banks and new challenger banks.

What type of current account are you looking for?

11 results found, sorted by monthly account fee.
Sort

What is a current account?

A current account is a type of everyday bank account.

It's usually the bank account you use for most of your transactions and comes with a debit card. Think of the word 'current' as being the account that handles your current income and spending:

  • Salary

  • Pension

  • Benefits

  • Direct debits

  • Standing orders

Some accounts pay interest on positive balances, although this is far rarer than it used to be. You can get unlimited access to your money without paying a penalty. Withdrawing cash will not stop you from getting any benefits associated with the account.

Standard accounts also come with a flexible borrowing facility attached known as an 'overdraft' - although these are expensive. Most providers now charge rates of about 40% a year to borrow money this way.

What do you need to open a new bank account?

  • A UK address and proof of address. You may need at least two bills or letters from the past three months

  • If you’ve been at your current address less than three years, you may need proof of address for your previous properties

  • Photo ID, like a passport or driving licence

  • Enough money to reach the bank’s minimum deposit amount, if it has one

  • Income and employment details, such as a payslip

You should not need to pass a credit check to get a current account.

There are a number of different bank accounts. These include:

Types of current accounts

How can I find the best bank account?

Current accounts aren't all the same, although they share basic functions, that means the best account will depend on how you use it.

  • In the red?

You could save significant amounts by moving to an account with a 0% interest overdraft.

  • Large positive balance?

Those who carry a large positive balance would be better off looking for an account that pays good interest.

  • Spending overseas?

There are also accounts that let you spend overseas without charges, offer cashback on bills and a host of other linked benefits.

You can use a comparison tool like the one above to compare current accounts.

How do I apply for a current account?

  • You can start your application with our comparison table

  • If you’ve already chosen the bank you want, you could go in person to a branch, apply by post or over the phone

  • Most banks allow you to apply online

  • For most current accounts you need to be at least 18 and living in the UK to apply for a current account. If you’re not yet 18, you could get an easy access children’s savings account, though some banks will offer a current account to those over 16

Things to know about current accounts

Uswitch Limited is a credit broker, not a lender, for consumer credit.

Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.