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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

£100 for switching

First Direct 1st Account

  • £100 when you switch to First Direct
  • First £250 of overdraft interest free, then 15.9%
More info
Overdraft
15.9%
EAR
Interest rate
0.0%
AER
Monthly account fee
-
AER based on £1,000 deposits and meeting eligibility criteria. Overdraft based on being £500 overdrawn (excluding 0% overdrafts).

Nationwide FlexDirect

Nationwide FlexDirect

  • 5% interest on balances up to £2,500
  • 12 month fee-free overdraft, then £0.50 per day
  • Telephone banking and free text alerts
More info
Overdraft
£0.50
per day
Interest rate
5.0%
AER
Monthly account fee
-
AER based on £1,000 deposits and meeting eligibility criteria. Overdraft based on being £500 overdrawn (excluding 0% overdrafts).

Santander Everyday Account

Santander Everyday Account

  • Free arranged overdraft for 4 months
  • Overdraft matching service
  • 24 hours a day phone and online banking
More info
Overdraft
£1
per day
Interest rate
0.0%
AER
Monthly account fee
-
AER based on £1,000 deposits and meeting eligibility criteria. Overdraft based on being £500 overdrawn (excluding 0% overdrafts).

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
-
AER based on £1,000 deposits and meeting eligibility criteria. Overdraft based on being £500 overdrawn (excluding 0% overdrafts).

Barclays Bank Account with Blue Rewards

Barclays Bank Account with Blue Rewards

  • Earn rewards of up to £180 a year (subject to eligibility)
  • Earn cashback when you shop through Smartspend
  • Personalised debit card
More info
Overdraft
£0.75
per day
Interest rate
0.0%
AER
Monthly account fee
£3
AER based on £1,000 deposits and meeting eligibility criteria. Overdraft based on being £500 overdrawn (excluding 0% overdrafts).

Barclays Bank Account

Barclays Bank Account

  • Contactless debit card to make payments easier
  • Mobile and online banking
  • Stay in control of your account with free Text Alerts
More info
Overdraft
£0.75
per day
Interest rate
0.0%
AER
Monthly account fee
-
AER based on £1,000 deposits and meeting eligibility criteria. Overdraft based on being £500 overdrawn (excluding 0% overdrafts).

Nationwide FlexPlus

Nationwide FlexPlus

  • 3% interest on balances up to £2,500
  • 3 month interest free overdraft, then £0.50 per day
  • 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
£10
AER based on £1,000 deposits and meeting eligibility criteria. Overdraft based on being £500 overdrawn (excluding 0% overdrafts).

TSB Classic Account

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
More info
Overdraft
19.94%
EAR
Interest rate
0.0%
AER
Monthly account fee
-
AER based on £1,000 deposits and meeting eligibility criteria. Overdraft based on being £500 overdrawn (excluding 0% overdrafts).

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
-
AER based on £1,000 deposits and meeting eligibility criteria. Overdraft based on being £500 overdrawn (excluding 0% overdrafts).

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.