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Compare standard accounts

Standard bank accounts are straightforward and usually come with a debit card, cheque book and the option to open an overdraft. We compare standard current accounts, including student accounts, from 7 banks.

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HSBC Advance Bank Account

Get £125 and a £20 Uber Eats voucher for switching. Eligibility criteria and T&Cs apply.
HSBC Advance Bank Account
Get £125 and a £20 Uber Eats voucher for switching. Eligibility criteria and T&Cs apply.
39.9% EAR
Overdraft interest rate
0.00%
AER
No
Account fee
Apply
Representative Example: £25 interest and fee free overdraft, subject to status. If you then use an arranged overdraft of £1,200 you will be charged 39.9% EAR variable. Representative APR: 38.9%.
  • Receive £125 and a £20 Uber Eats voucher when you switch using the Current Account Switch Service within 30 days of account opening with a minimum of 2 Direct Debits/Standing orders. T&C's apply.
  • To qualify for Advance, pay in £1750 a month/£10,500 over 6 months and be approved for an arranged overdraft of £1000+.

Santander 123 Lite Current Account

Santander 123 Lite Current Account
39.94% EAR
Overdraft interest rate
0.00%
AER
£2
Monthly fee
Apply
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.94% APR/EAR variable.
  • 1% cashback - Council tax bills , Mobile and home phone bills, broadband and paid-for TV packages and Santander monthly mortgage payments
  • 2% cashback - Gas and electricity bills, Santander Home Insurance premiums (policies administered & underwritten by Aviva Insurance Limited) and Santander Life Insurance premiums (policies administered & underwritten by Aviva Life & Pensions UK Limited).
  • 3% cashback - Water bills.
  • Cashback is paid monthly, capped at £5 per month in each of the 1%, 2% and 3% cashback categories.
  • To benefit from cashback, you must fund the account with at least £500 each month and set up 2 direct debits

TSB Spend & Save Plus Account

TSB Spend & Save Plus Account
39.9% EAR
Overdraft interest rate
0.00%
AER
£3
Monthly fee
Apply
Representative Example: If you then use an arranged overdraft of £1,200 you will be charged 39.9% EAR variable. Representative APR: 40.1%. Subject to application, approval & repayable on demand.
  • Earn up to £60 cashback annually – on going £5 Cashback every month, with 30 debit card payments per calendar month (direct debits/withdrawals excluded).
  • Eligible for cashback if you open a new Spend & Save Plus account, including changing from an existing TSB current account.
  • Zero TSB card charges abroad. ATM operators/foreign banks may charge & sellers may apply a currency conversion fee on purchases.
  • Savings Pot, Save the Pennies and Auto Balancer features
  • Interest-free overdraft up to £100. Subject to approval. UK 18+

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

Our services are provided at no cost to you, but we may receive a commission from the companies we refer you to.

What is a standard current account?

Standard current accounts are bank accounts designed for everyday use, depositing pay, spending on card, withdrawing cash, making and receiving direct debits and transfers. You will need one to be paid a salary or make payments.

How should I choose a current account?

You need to think about what’s important to you.

For starters not all banks are created equal and some have better reputations than others when it comes to customer service.

If you’re regularly running into the red you might want to get a standard current account with a free overdraft. Or, if you use your account for much of your day to day spending then having cashback could be beneficial.

Examine all the small print and consider the benefits carefully before you apply to decide if this is the account you want.

How can I apply for a current account?

Once you hit apply on our site you will be taken to the bank’s website and given more detailed information about applying for the current account. You will need to have documents to prove your identity and address to successfully apply for a current account.

If you want to make this account your main account you should ask about whether the bank offers the ‘Switch Guarantee’ (or simply look for the distinctive black and white logo).

This means when you switch accounts your bank should handle automatically moving all your direct debits, payments and transfers to your new account. If any payments are missed, the bank is held liable and you will be due compensation for any arrears or charges you have faced. The whole process should take no more than seven days from you agreeing to switch.

What is an overdraft?

An overdraft is money you can borrow through your current account. If it is authorised you will pay interest on the borrowed balance, if it is unauthorised you will pay fees in addition to interest, and you may also pay a higher rate of interest.

Many accounts offer overdrafts as standard, with others you will have to apply for one. In either case you should double check with your bank that your overdraft has been authorised to avoid being stung by any fees and charges.

Some accounts offer overdrafts that charge no interest, however this will usually only be available up to a lower limit than your total overdraft.

Current accounts vary in how they charge you for using your overdraft, some charge a flat fee per day you are overdrawn, whereas others levy an interest rate charge. As a rule, overdrafts with interest rates are cheaper, unless you are going to be overdrawn by several thousands over a long time period.

What is interest?

Interest is the money you pay for borrowing from your bank, or are paid for depositing your money with the bank.

The interest you are paid is expressed as AER. The interest you pay on money you owe is expressed as EAR.

As a rule you’ll likely want to try and pick an account with the highest possible AER and lowest possible EAR, so you’ll get more money for your savings and pay less for your overdraft.

Is a standard account the same as a premium account?

A standard account is likely to have fewer bells and whistles like high rates of cashback, access to dedicated relationship managers, insurance and other perks. In exchange for less benefits, they usually do not have a monthly account keeping fee.

Premium bank accounts generally offer more perks though they may also charge an account keeping in exchanage for this.What does 'most popular' mean?

When we use the term ‘most popular’ on Uswitch in reference to bank accounts, these accounts are ranked by the number of clicks they have received on the site in the past 48 hours.

The most clicked on accounts are at the top, with the least at the bottom. This reflects how popular they are with visitors to Uswitch.com. Consequently this is a good table to look at if you’re interested in seeing which bank accounts most people think are worth getting.

Which banks does Uswitch's comparison include?

We compare current accounts from a wide range of high street banks and newer challenger banks. Compare our current account providers to check which ones we include.