We've found the best Current Accounts

  • We’ve reviewed the whole market so you don’t have to
  • Our impartial service shows you the best products in the market, even if we don’t earn commission
  • We look at the best rates and rewards, as well as customer scores
  • Looking for something different? You can browse the whole market here
  • If you think you’ve found a better current account, get in touch
Share this
first direct 1st Account
firstdirect
  • £100 signup fee - and £100 if you choose to leave after six months*
  • First £250 overdraft is interest and fee free
  • Multi award winning customer service

 

*Terms & Conditions apply

Nationwide FlexDirect

  • £125*Annual return
  • 5.00%Interest Rate
  • 4.66Customer Score
Am I eligible?
Minimum Income:-
Minimum Age:18
Maximum Age:-
Existing Customers:No
Additional Account required:No
Area Restrictions:There are no area restrictions that apply to this account.
Minimum Monthly Credit£1,000
Account Charge£0
Online Service4.63
Call centre Service4.38
Branch Service4.53
*Credit Interest ScenarioAnnual return is based 5% interest earned on balance of £3,000. The 5% interest is paid up to a maximum balance of £2,500.
  • Fee-free overdraft for 12 months
  • 5% interest paid on balances up to £2,500 for first year
  • 5% rate only lasts for the first 12 months.
  • From year two the rate drops dramatically to just 1% on the first £2,500 balance

Bank of Scotland Vantage

  • £90*Annual return
  • 3.00%Interest Rate
  • 4.21Customer Score
Am I eligible?
Minimum Income:-
Minimum Age:18
Maximum Age:-
Existing Customers:No
Additional Account required:No
Area Restrictions:There are no area restrictions.
Minimum Monthly Credit£1,000
Account Charge£0
Online Service4.25
Call centre Service4.01
Branch Service4.29
*Credit Interest ScenarioAnnual return is based 3% interest earned on balance of £3,000. The 3% interest is paid on balances between £3,000 and £5,000.
  • 3% interest on balances between £3,000 and £5,000
  • Holders must pay £1,000 into the account each month
  • Must pay out at least two direct debits
  • Interest rate will fall from June 2017

TSB Classic Plus

  • £45*Annual return
  • 3.00%Interest Rate
  • 4.35Customer Score
Am I eligible?
Minimum Income:-
Minimum Age:18
Maximum Age:-
Existing Customers:No
Additional Account required:No
Area Restrictions:There are no area restrictions.
Minimum Monthly Credit£500
Account Charge£0
Online Service4.40
Call centre Service4.11
Branch Service4.34
*Credit Interest ScenarioAnnual return is based 3% interest earned on balance of £3,000. The 3% interest is paid up to a maximum balance of £1,500. Scenario does not include contactless cashback earnings.
  • 3% interest on balances up to £1,500
  • There is no interest paid on the element of credit balances in excess of £1,500

Table Notes:

 

(a) Must register for internet banking, opt for paperless statements and correspondence

 

What is a credit interest account?

 

This is a current account that pays you interest on a credit balance in your bank account.

 

How do we rank them?

 

Bank accounts are ranked based on the amount of interest earned over 12 months (after basic tax), based on an average balance of £3,000.

 

What should I look out for when choosing a current account?

 

  1. Some accounts might charge an annual or a monthly fee. If so, you need to calculate how much net return you get from the interest paid, to ensure the fees don't wipe out the interest.
  2. Don’t forget to check the limit on which you can earn interest – any amount above the limit will earn you nothing.

 

Moneywise Best Buys

 

It can be really difficult to choose the right product. However, we have conducted our own rigorous research and carefully selected the best deals out there. Unlike our competitors, we do not get paid to show you products from certain companies (only our featured product box is paid for by an advertiser). Instead, we have independently chosen the products we feel are the best in the market. Only if you decide to apply for a product using the “Go to site” button will Moneywise receive a small payment from the product provider, but this does not influence the way we rank products – our aim is quite simply to present you with the best products.