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Compare Our Best Current Account

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.

8 results found, sorted by lowest account fee. How we order our comparisons.
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Santander Everyday Current Account
Account fee & requirements
No monthly fee
Arranged overdraft
39.94% EAR variable
Interest rate
0% AER
You’re over 18 and live in the UK permanently.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.94% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum Investment£2,000,000
Minimum Age18 years
Permanent UK Resident
British Bank Awards: Best British Bank 2021 Winner
Starling Bank Current Account
Account fee & requirements
No monthly fee
Arranged overdraft
£8.54 buffer, then 15% EAR variable
Interest rate
0.05% AER (on up to £85,000)
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 15% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10.05%0.05%0.05%0.05%
£85,0010%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Receive £100 for switching. T&Cs apply.
First Direct 1st Account
Account fee & requirements
No monthly fee
Arranged overdraft
£250 interest free, then 39.9% EAR variable
Interest rate
0% AER
To qualify, switch using the Current Account Switch Service, deposit £1000 within 3 months of account opening.  New customers only that have not opened a HSBC account on or after 1 Jan 2018.
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 39.9% EAR variable. Representative APR: 30.5%.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Barclays Bank Account
Account fee & requirements
No monthly fee
Arranged overdraft
£15 buffer, then 35% EAR variable
Interest rate
0% AER
A bank account with a contactless debit card. Track your spending and manage your accounts and payments easily using the Barclays app. You need to be 18 or over to access this product or service using the app. T&Cs apply.
Overdraft interest is waived on balances within the £15 buffer.
Representative Example: If you use an arranged overdraft of £1,200, you will be charged 35.0% EAR (variable). Representative APR: 35.0% (variable). Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
TSB Spend & Save
Account fee & requirements
No monthly fee
Arranged overdraft
39.9% EAR variable
Interest rate
0% AER
Earn up to £30 cashback - £5 per month for 6 months, making 30 debit card payments per calendar month (direct debits/withdrawals excluded)*. Saving Pots, Save the Pennies and Auto Balancer features.
UK residents only, 18+.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.9% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Switch for £150 Virgin Experience vouchers. T&C apply
Virgin Money M Plus Account
Account fee & requirements
No monthly fee
Arranged overdraft
19.9% EAR variable
Interest rate
2.02% AER (on up to £1,000)
Earn interest of 2.02% on your current account. Set up Savings Pot for your savings goals and move money from your current account to your savings.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 19.9% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£12%2%2.02%2.02%
£1,0010%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Santander 123 Lite Current Account
Account fee & requirements
£2 per month, pay in £500+ per month
Arranged overdraft
39.94% EAR variable
Interest rate
0% AER
You’re over 18 and live in the UK permanently.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.94% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Minimum Monthly Credit£500
Permanent UK Resident
TSB Spend & Save Plus
Account fee & requirements
£3 per month
Arranged overdraft
£100 interest free, then 39.9% EAR variable
Interest rate
0% AER
Earn up to £60 cashback annually: £5 per month, ongoing with 30 debit card payments per calendar month on opening a new Spend & Save Plus account or changing an existing TSB account. Interest-free overdraft up to £100.
UK residents only, 18+.
Representative Example: £100 interest and fee free overdraft, subject to financial status. If you then use an arranged overdraft of £1,200 you will be charged 39.9% EAR variable. Representative APR: 40.1%.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident

Compare another type of current account

We are classed as a credit broker for consumer credit, not a lender.

Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.

What is a current account?

A current account lets you carry out your everyday banking transactions. Whether it's having your salary deposited and withdrawing cash, or making payments, setting up direct debits and standing orders, your current account is what makes all of that possible.

Different types of current accounts

  • Basic current account: the account offers only the standard features of a current account. No overdrafts, no interest is paid on your balance, and no monthly fee.

  • Packaged current account: the account includes extra benefits such as travel insurance, breakdown cover, mobile phone insurance, as well as discounts on certain retailers or restaurant along with the usual features of a current account. In most cases you'll be charged a fee for these accounts.

  • High interest current account: Interest will be paid on your balance based on AER. Often these accounts require you to deposit a set amount of money every month and usually limit the amount up to which they will pay interest on your balance.

  • Joint accounts: This is a current account that you open jointly with partner, family member or friend, so that all holders of the account can withdraw money or pay into the account. This is useful if you share bills and want to have a single account from which you manage those shared bills.

How to apply for a current account

Applying for a current account is simple. You just have to provide the documents to prove your identity and address. Here are the most common documents you'll need to provide:

  • Proof of identity: a passport or driving licence.

  • Proof of address: council tax bill, utility bill, a bank statement, tenancy agreement, though mobile phone statement is generally not accepted.

  • Proof of Immigration status: If you are not a UK citizen, you may also be required to show your visa status and a letter from your university or employer.

You can apply for a current account online, in a branch, by phone or by post. You can also switch current accounts by closing your existing account and opening a new current account in one go. Some deals even give you a cash reward for doing this.

Use the Current Account Switch Service

Most banks subscribe to what is called the Current Account Switch Service (CASS). This free service makes it easy for anyone with a UK current account to switch to a new one. It means they take care of the whole process of switching banks for you. This includes:

  • opening a new current account

  • moving your balance

  • switching direct debits and standing orders

  • closing your old current account

The Current Account Switch Guarantee means that if anything goes wrong, you'll be refunded any interest and charges on both accounts.

Switching current accounts couldn't be easier. Here's a list of banks and building societies on the Current Account Switch Service.

What features might different current accounts have?

  • Overdrafts: These let you borrow money using your current account. Your balance is then negative until you pay it back. Compare current accounts that offer overdrafts.

  • Interest: The best current account pay you monthly or yearly interest on your balance. But you'll only earn interest when you have money in your account. Compare current accounts that pay interest.

  • Rewards: It offers rewards, like cashback, when you use your debit card or pay your bills from your current account. Compare current accounts that pay rewards.

  • Add-ons: Optional extras such as breakdown cover or travel insurance.

Find the best current accounts for your needs

Sometimes, the best current account for you might be specifically designed for your situation. Here are some of the types of current accounts that you might like to consider:

Featurebasic current account Joint current account business current account
Ideal for everyday needs without credit check partner, housemate or family member sole traders, companies, charities
Overdraft Not included Arranged Not included
InterestsNoUp to 3% AER No
Monthly fee NoNoYes
ATM withdrawal per day Up to £300 up to £300 up to £500
Online & Mobile banking Yes Yes Yes
More information Compare basic current accountCompare joint current accountCompare business current account

Find the best current accounts for teenage or students

If you're a student, or under 18 year olds, you can still get a current account. You'll be able to pay money in, make payments by card in person or online, and set up automatic payments for bills.

Featurestudent current account under 18 current account
Ideal for studentteenage or young child
Overdraft ArrangedNot included
Interests Up to 3% AER Up to 3% AER
Monthly fee NoNo
ATM withdrawal per day IncludedNot included
Online & Mobile banking Up to £300 Up to £100
More information Compare student current accountCompare under 18 current account

Current account FAQs

About our current accounts comparison

Last updated: 2 August, 2021

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Why compare current accounts with money.co.uk?

Comparing current accounts could save you money on overdrafts, get you cashback on bills or see you paid more interest on positive balances. Our multiple award-winning comparison service helps make sure you get the best deal possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.

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