Compare High Interest Current Accounts

Compare the best high interest bank accounts available in the UK at a glance and find the high interest current account that will help you make the most of your money in minutes. Our dedicated current accounts with interest comparison tables make choosing high interest bank accounts and getting the best rates hassle free.
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 Monthly ChargeMinimum Monthly CreditOverdraftHeadline Interest 
Interest FreeBufferStandard RateStandard ChargeRateMin BalanceMax Balance
Promoted Results
TSB
Classic Plus
£0£500£25 (+ £10 buffer)£1019.94%
£6
per month
5%£1£2,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (variable).
£25 interest and fee free overdraft subject to application and approval.
To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence (if available).
Nationwide
FlexDirect => £1,000 per month
£0£1,000variable£100%
£0.50
per day
5%£1£2,500
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).
Santander
123 Current Account
£2£500none£120%
£1.00
per day
3%£3,000£20,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).
Cashback and interest paid every month, every year. Independently rated 5 star by Defaqto and Best UK Bank by Euromoney
Nationwide
FlexPlus
£10£0£100£100%
£0.50
per day
3%£1£2,500
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).
Clydesdale Bank
Current Account Direct
£0£1,000none£259.9%£02%£1£3,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 9.9% EAR (variable).
Secure Trust Bank
 
Prepaid Bank Account
£12.50£0
---
---
---
---
0.5%
---
---
No credit checks, No Hidden fees or charges, No charges for bounced Direct Debits or Standing Orders, earn up to 4% cash rewards.
Full Results
TSB
Classic Plus
£0£500£25 (+ £10 buffer)£1019.94%
£6
per month
5%£1£2,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (variable).
£25 interest and fee free overdraft subject to application and approval.
To earn 5% AER you must credit your account with £500 each month, register for internet banking, paperless statements and correspondence (if available).
Nationwide
FlexDirect => £1,000 per month
£0£1,000variable£100%
£0.50
per day
5%£1£2,500
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).
TSB
Classic Plus with Control
£10£500£25£1019.94%
£6
per month
5%£1£2,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (variable).
Lloyds Bank
Club Lloyds
£0£1,500£100£1019.94%
£6
per month
4%£4,000£5,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (variable).
Lloyds Bank
Club Lloyds Platinum Account Ex/C
£17£1,500£300£1017.28%
£6
per month
4%£4,000£5,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 17.28% EAR (variable).
This product is only available to existing customers.
Lloyds Bank
Club Lloyds Silver Account Ex/C
£9.95£1,500£100£1019.94%
£6
per month
4%£4,000£5,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (variable).
This product is only available to existing customers.
Lloyds Bank Private Banking
 
Premier Plus Current Account
£25£0£600£2510.9%
£6
per month
4%£1£4,999
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 10.9% EAR (variable).
Santander
123 Current Account
£2£500none£120%
£1.00
per day
3%£3,000£20,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).
Cashback and interest paid every month, every year. Independently rated 5 star by Defaqto and Best UK Bank by Euromoney
Nationwide
FlexPlus
£10£0£100£100%
£0.50
per day
3%£1£2,500
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).
Bank of Scotland
 
Vantage Classic Account
£0£1,000£25£1019.94%
£6
per month
3%£3,000£5,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (variable).
Bank of Scotland
 
Vantage Classic Account with Control
£10£1,000£25£1019.94%
£6
per month
3%£3,000£5,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (variable).
Bank of Scotland
 
Vantage Platinum Account Ex/C
£17£1,000£300£1017.28%
£6
per month
3%£3,000£5,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 17.28% EAR (variable).
This product is only available to existing customers.
Bank of Scotland
 
Vantage Silver Account Ex/C
£9.95£1,000£50£1019.94%
£6
per month
3%£3,000£5,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (variable).
This product is only available to existing customers.
Santander
123 Mini Current Account
£0£0none£0
---
---
3%£300£2,000
Bank of Scotland
 
Under 19s Account
£0£0none£0
---
---
2.5%£1£2,500
Lloyds Bank
Under 19s Account
£0£0none£0
---
---
2.5%£1£2,500
TSB
Under 19s Account
£0£0none£0
---
---
2.5%£1£2,500
Clydesdale Bank
Current Account Direct
£0£1,000none£259.9%£02%£1£3,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 9.9% EAR (variable).
HSBC
Student Bank Account
£0£0varies£100%
---
2%£1£1,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).
Yorkshire Bank
Current Account Direct
£0£1,000none£259.9%£02%£1£3,000
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 9.9% EAR (variable).
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How to Find the Best High Interest Bank Account

Finding a high interest current account can be a bit of minefield but if you know what to look for when you compare your options you can make your current account profitable. We show you what to be aware of.

Building Money

It's a sad fact that banks rarely reward their existing current account customers with high rates of interest on current account balances.

It's for this reason that you need to look at switching bank account if you've been with the same bank or building society for a while.

This is particularly the case if you keep your bank account in the black most of the time as you're missing out on the opportunity to earn something back on your positive balance.

Look at what your existing bank account pays in the way of interest and if it is a minimal amount consider switching.

However, looking for the best current account interest rates has a number of pitfalls that don’t seem completely apparent on first viewing the accounts on offer. Looking at the fine print can really throw up some surprises and being aware of these factors can help you make an informed choice.

The interest rate

You can’t always assume that the rate you see advertised is the rate you will earn your money forever as it may only be an introductory offer. So, when looking for a new account it is of optimum importance to find out if the advertised interest rate is artificially high and whether it will drop after a number of months or years.

If this is the case you shouldn't discount the account, but instead find out when the high interest rate will end and make a note to switch to one of the other high interest paying current accounts on offer the moment it changes.

You may also be obliged to put a certain amount of credit through the account each month to get the high interest rates. So when taking out a high interest bank account with a clause like this make sure you can comfortably meet the minimum monthly payments before you apply.

Many other high interest current accounts that offer the top rates do so in return for an obligatory monthly fee. While there may be added benefits on offer as part of the account package, the amount you're paying out would counteract the return you're getting from interest.

The overdraft

Other banks offer the best bank account interest rates but alongside this give you an overdraft that charges significantly higher interest rates and costly fees that would eat away at any interest you earned.

Be aware of the overdraft, any rates relating to this and any interest free buffer available, especially if you tend to be in the red now and again.

The best case in a scenario like this is to find a current account that offers a high interest rate on balances and a low interest rate and few charges on the overdraft facility. This will mean you get the most from your high interest bank account, with as few of down sides as possible.

All in all, a high interest paying current account can make a big difference if you who keep large sums in your account at least part of the month.

Finding current accounts with interest rates that offer a decent return alongside a low overdraft rate is worth that bit of extra hassle as it will pay long into the future - just beware of the small print.

You can compare high interest bank accounts in our high interest current account comparison table.

Current Account Comparison