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Compare standard accounts

Standard bank accounts are the most straightforward current accounts and usually come with a debit card, cheque book and the option to open an overdraft.

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Most popular Overdraft Interest rate Monthly account fee

First Direct 1st Account

Gift for switching

First Direct 1st Account

  • Welcome gift for switch worth up to £150. Choose between; Bose headphones; a Fitbit; an Amazon Echo; a Polaroid camera; Expedia vouchers worth £150; and more
  • First £250 of overdraft interest free, then 15.9%
More info
Overdraft
15.9%
EAR
Interest rate
0.0%
AER
Monthly account fee
-
Representative Example: £250 interest and fee free overdraft, subject to status. If you then use an arranged overdraft of £1,200 you will be charged 15.9% EAR variable.

Santander 123 Student Account

Student account

Santander 123 Student Account

  • Free 4-year Santander 16-25 Railcard
  • A fee-free Arranged Overdraft up to £1500 in years 1-3 and up to £2,000 if you stay on to year 5 (subject to status)
  • Access to 1|2|3 World offers, including preferential rates and special deals on other Santander products
More info
Overdraft
0%
EAR
Interest rate
3.0%
AER
Monthly account fee
Representative Example: This account gives you an arranged overdraft of up to £1,500 interest and fee free in years one to three, £1,800 in year four and £2,000 in year five, subject to status.

Santander Everyday Account

Santander Everyday Account

  • Free arranged overdraft for 4 months
  • 24 hours a day phone and online banking
More info
Overdraft
£1
per day
Interest rate
0.0%
AER
Monthly account fee
-
Representative Example: 0% EAR (variable) Arranged Overdraft. No Daily Arranged Overdraft Fee for the first four months. Then £1 per day capped at 20 days each monthly statement period applies thereafter. Assumed Arranged Overdraft credit limit: £1,200. Actual amount may differ.

Nationwide FlexDirect

Nationwide FlexDirect

  • 5% interest on balances up to £2,500 for 12 months from account opening
  • No fees on arranged overdraft for 12 months from account opening
  • Share £200 with a friend when they switch their main current account to us, terms apply
More info
Overdraft
£0.50
per day
Interest rate
5.0%
AER
Monthly account fee
-
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 50p per day.

Santander 123 Lite

Santander 123 Lite

  • 1% cashback on water and council tax, 2% cashback on gas and electricity, 3% cashback on mobile and internet, phone and TV
  • To benefit from cashback, you must fund the account with at least £500 each month and set up 2 direct debits
More info
Overdraft
£1
per day
Interest rate
0.0%
AER
Monthly account fee
£1
Representative Example: If you use an arranged overdraft of £1,200 you will be charged up to £1 per day.

Nationwide Student Account

Student account

Nationwide Student Account

  • Interest-free and fee-free overdraft
  • Account eligibility criteria applies
More info
Overdraft
0%
EAR
Interest rate
0.0%
AER
Monthly account fee
Representative Example: If you use an arranged overdraft of £1,200 you'll be charged 0% EAR (variable)

Nationwide FlexPlus

Nationwide FlexPlus

  • 3% interest on balances up to £2,500
  • UK & European Breakdown and Recovery Assistance with unlimited callouts, terms apply
  • Worldwide travel cover, mobile phone insurance for the family, and commission free cash withdrawals abroad
More info
Overdraft
£0.50
per day
Interest rate
3.0%
AER
Monthly account fee
£13
Representative Example: £250 interest and fee free overdraft, subject to status. If you then use an arranged overdraft of £1,200 you will be charged 50p per day.

Tesco Bank Current Account

Tesco Bank Current Account

  • Earn 3% AER credit interest paid monthly on credit balances up to £3,000 until 1 April 2019, terms apply
  • Collect extra Clubcard points when you spend on your debit card. Terms apply
  • To earn 3% AER credit interest on balances up to £3,000 pay in at least £750 and pay at least three Direct Debits each month
More info
Overdraft
18.9%
EAR
Interest rate
3.0%
AER
Monthly account fee
-
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 18.90% EAR (variable).

Natwest Select Account

Natwest Select Account

  • Emergency cash if you lose your card
  • Mobile and online banking
More info
Overdraft
19.89%
EAR
Interest rate
0.0%
AER
Monthly account fee
-
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 19.89% EAR variable and £6 per month.

Royal Bank of Scotland Select Account

Royal Bank of Scotland Select Account

  • Visa Debit card with contactless technology
  • Emergency cash if you lose your card
More info
Overdraft
19.89%
EAR
Interest rate
0.0%
AER
Monthly account fee
-
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 19.89% EAR variable and £6 per month.

Nationwide FlexAccount

Nationwide FlexAccount

  • No overdraft interest for the first 3 months on arranged overdrafts
  • Mobile and online banking
  • No monthly account fee
More info
Overdraft
18.9%
EAR
Interest rate
0.0%
AER
Monthly account fee
-
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 18.9% EAR variable.

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. Take a look at our customer service awards to find out which banks offer better customer service.

If you’re regularly running into the red you might want to get a 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, wso you’ll get more money for your savings and pay less for your overdraft.

uSwitch Limited is a credit broker, not a lender, for consumer credit products.

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