Compare Current Accounts

Compare the features of some of the best current accounts and their interest rates and fees, to see if you could switch to a better deal.

Find the right bank account for you

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What should I consider before comparing current accounts?

It’s worth thinking about how you plan to use your current account. Consider your money flow – what amounts do you estimate putting in and taking out each month? Will you need an overdraft? Do you move money often? These sorts of things will help you narrow down your options and help you find the current account with the right features for your lifestyle.

Once you’ve decided which type of current account is best for you, here are the things you need to consider, to narrow your search for the right account:

  • Interest rates
  • Overdraft (including limits and interest rates)
  • Cashback
  • Rewards and other benefits
  • Monthly account fees
  • Contactless payments
  • Mobile and online banking access

The best current account is different for everyone, with your financial situation being unique to you. By comparing accounts with Compare the Market, we hope that you can find the right fit for you.

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Video 48 Min  + 2 Min read to complete

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Video 48 Min  + 2 Min read to complete

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Video 48 Min  + 2 Min read to complete

santander

1|2|3 Current Account

  • From 12 April 2021 monthly interest of 0.30% ​​AER/gross (variable) on balances up to £20,000. Before 12 April 2021 you’ll receive 0.60% AER/gross (variable) interest on balances up to £20,000
  • Arranged Overdraft facility (subject to status) – learn more in the ‘Overdrafts and charges’ section below
  • Up to 3% cashback on selected household bills, capped at £5 each cashback tier each month
  • 1|2|3 World offers
  • Earn up to 15% cashback with Retailer Offers. Just switch on, choose your offers and shop with any of your Santander cards

Account Fee

Arranged overdraft interest and charges

Deposits

Cashback

Bank

1|2|3 Current Account

£4-5/month

39.94% APR/ EAR (variable)

Pay at least £500/month

Cashback

1-3% cashback

1|2|3 Lite Current Account

 £2/month

pre-agreed limit

Pay at least £500/month

3%

Everyday Current Account

Free

pre-agreed limit

Any Amount

3%

Starling Personal Current Account

  • Seamless switching. Move all your finances over to Starling in a few taps by using the Current Account Switch Service (CASS).
  • Lock your card with a tap. Use the app to lock your card if it goes missing – and block gambling transactions and payment methods, too.
  • No fees overseas. Use both your card and ATMs freely when you travel, with no extra charges from us.
  • All your admin, in the app. Change your address, cancel your card, set up new accounts and more.
  • Send money internationally. With no hidden fees, and at a competitive rate.
  • Lending, reimagined. Control your overdraft in-app (if eligible), with a market leading rate of 15% APR* (variable), and no hidden fees or unfair unarranged charges. Need to borrow a bit more? Our personal loans are fairly priced and easily managed from your mobile.

Account Fee

Free

Arranged overdraft interest and charges

15%, 25% and 35% EAR (variable)

Unarranged overdraft 

0.00

Interest

Get 0.05% AER on balances up to £85,000

Nationwide

Nationwide has 3 types of current account.

Representative Example:

39.9% APR Representative (variable). Based on an assumed arranged limit of £1,200 and an interest rate of 39.9% a year (variable)

 

Account Fee

Arranged overdraft interest and charges

Unarranged overdraft interest and charges

Interest Rate (AER)

FlexPlus

Loaded with perks and insurance, for £13/month

39.9% APR Representative (variable)

not Available

FlexDirect

Free

39.9% APR Representative (variable)

Not Available

0.24<2 

FlexAccount

Free

39.9% APR Representative (variable)

Not Available

findout from bank

TBS - Spend & Save account

Interest earned on your balance

No interest

Account Fee

Free

Arranged overdraft interest and charges

arranged overdraft

Unarranged overdraft 

arranged overdraft

Cashback

£5

The Virgin Money Current Account

Paying 2.02% AER1 (2.00% gross1 per annum variable) on up to £1,000, interest paid monthly.

Linked savings account

0.50% AER1 (0.50% gross1 per annum variable) on your savings account, interest paid quarterly.

Account Fee

Free

Arranged overdraft interest  Per annum

18.29 - 34.05%

Unarranged overdraft Per annum

18.29 - 34.05%

Interest Rate

2.02% AER

NatWest everyday bank account

Representative Example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% APR (variable). Assumed credit limit: £1,200.

Account Fee

Free

Arranged overdraft interest  

subject to eligibility

Unarranged Overdraft Interest 

subject to eligibility

Interest Rate

1% AER

Bank of scotland

Platinum Account – Representative Example

A variable representative rate of 67.7% APR

A variable annual interest rate of 39.9% EAR

Based on Borrowing £1,200

The APR includes monthly maintaining the account fees of £21 and an interest free amount of £50

Classic Account – representative example

A variable representative rate of 39.9% APR

A variable annual interest rate of 39.9% EAR

Based on Borrowing £1,200

Account Fee

Arranged overdraft interest 

Unarranged Overdraft Interest 

Interest Rate

Bank

Classic Account

£0 monthly maintaining

A variable representative rate of 39.9% APR / EAR

subject to eligibility

 0.60 - 1.49% AER

Platinum Account

£21 monthly maintaining

A variable representative rate of 67.7% APR

A variable annual interest rate of 39.9% EAR

subject to eligibility

 0.60 - 1.49% AER

Barclay Current

Premier Current Account – Representative example

0% interest (variable) payable on arranged overdrafts up to £500. If you use an arranged overdraft above this amount the annual rate of interest is 35.0% (variable)

19.5% APR Representative (variable), based on a £1,200 overdraft balance

Account Fee

Arranged overdraft interest and charges

Unarranged overdraft interest and charges

Interest Rate (AER)

Bank

Barclays Bank Account

No monthly account fee

N/A

N/A

N/A

Premier Current Account

No monthly account fee

Our annual interest rate is 35.0% (variable)

N/A

N/A

Barclays Basic Current Account

No monthly account fee

N/A

N/A

N/A