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Current accounts

Compare Current Accounts

Looking for a new current account? Then look no further. With Money Expert, comparing current accounts is now easier than ever. Using our quick and easy current account comparison service, we'll show you the best deals available and help you find the account which best suits your needs.

Guide to current accounts.

Find the best current account

Which account is right for you?

Find out now

  • Interest
    • Paid
    • AER
  • Overdraft
    • Rate EAR (variable)
    • Limit
  • Apply
Provider:
Interest Paid:
monthly
Interest AER:
5%
Overdraft rate:
19.94%
Overdraft Limit:
£25
Apply:
More Info

An everyday account, rewarding all customers, every day they bank with TSB. Available to existing and new customers. No monthly fee. £25 interest and fee free overdraft plus £10 buffer. 7 day switching service available. Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (Variable).

TSB | Classic Plus

Provider:
Interest Paid:
monthly
Interest AER:
5%
Overdraft rate:
na
Overdraft Limit:
na
Apply:
More Info

Get 5% interest for just being in credit. The rate is fixed for the first 12 months and reverts to 1.00% gross p.a./AER (variable) as long as you can keep paying in £1,000 per month. Fee-free overdraft for 12 months (subject to approval). FlexDirect also offers additional benefits which include special rates and exclusive offers on savings and insurance products.

Nationwide Building Society | FlexDirect => £1,000 per month

Provider:
Interest Paid:
monthly
Interest AER:
3%
Overdraft rate:
na
Overdraft Limit:
na
Apply:
More Info

Earn Cashback on household bills and Santander Mortgage payments. 1% Cashback on water, council tax bills and Santander Mortgage payments (up to maximum monthly mortgage payments of £1,000). 2% Cashback on gas and electricity bills. 3% on mobile, home phone, broadband and paid for TV packages. Household bills exclude TV licence, maintenance/insurance contracts and commercial usage. Earn up to 3% interest on your credit balance. 1% AER (variable) on balances over £1,000. 2% AER (variable) on balances over £2,000. 3% AER (variable) on balances over £3,000. Fund the account with £500 a month (a minimum balance of £1,000 is required to receive interest). Pay a monthly account fee of £2, which will be taken automatically from your account each month.

Representative Example: 0% EAR (variable) Arranged Overdraft. No Daily Arranged Overdraft Fee for the first four months. Then £1 each day capped at 20 days in each monthly statement period. Assumed Arranged Overdraft credit limit: £1,200. Actual amount may differ.

Santander | 123 Current Account

Provider:
Interest Paid:
monthly
Interest AER:
3%
Overdraft rate:
na
Overdraft Limit:
£100
Apply:
More Info

Choose FlexPlus for great banking features as well as a range of insurance products and account benefits for you and your family. All for just £10 a month. Pays a rate of 3.00% AER in-credit interest (2.96% gross p.a.) variable on balances up to £2,500.

Nationwide Building Society | FlexPlus

Provider:
Interest Paid:
monthly
Interest AER:
3%
Overdraft rate:
na
Overdraft Limit:
na
Apply:
More Info

Flexible and adaptable banking, in a safe and controlled way.The 1l2l3 Mini Current Account is designed to provide a safe environment to learn money management and take the first steps towards financial responsibility for those aged between 11 and 18. Rewarding interest rates paying 3% AER/2.96% gross (variable) on balances from £300 up to a maximum of £2,000. 24/7 access to your account via Online, Mobile and Telephone Banking. Access nationwide via our branch network. Free text and email alerts about your account. The choice of a cash card or a Visa debit card.

Representative Example: 0% EAR (variable) Arranged Overdraft. No Arranged Overdraft Usage Fees apply. Assumed Arranged Overdraft credit limit £1,200. Actual amount may differ.

Santander | 123 Mini Current Account

Provider:
Interest Paid:
na
Interest AER:
0%
Overdraft rate:
na
Overdraft Limit:
na
Apply:
More Info

A straightforward Current Account from Barclays with no monthly fee. Create your own personalised Current Account with the new Barclays Features Store. Customise your account with a range of Packs that cover gadgets, home appliances, travel and more. Simply add the Features that you want and leave out the ones that you don't. Terms, conditions and exclusions apply - read the policy documents so you know whats covered and whats not.

Representative Example: Up to £5,000, 19.3% interest p.a. (variable). Subject to status and application.

Barclays | Bank Account

Provider:
Interest Paid:
na
Interest AER:
0%
Overdraft rate:
18.90%
Overdraft Limit:
na
Apply:
More Info

Our current account, FlexAccount, gives you access to a range of exclusive offers, including free European travel insurance, discounted personal loans and special mortgage deals - all with no monthly account fee.

Nationwide Building Society | FlexAccount

Provider:
Interest Paid:
na
Interest AER:
0%
Overdraft rate:
19.94%
Overdraft Limit:
£25
Apply:
More Info

The TSB Classic Account will give you all you need to make everyday banking easier. It comes packed with great features to help you make the most of your money, including Money Planner and text alerts. You can manage your money 24/7 through the online bank. £25 interest and fee free overdraft plus £10 buffer (subject to application and approval). No overdraft fees or interest to pay if you go overdrawn (either Planned or Unplanned) by £10 or less. Grace period if you go over your limit. You have until 3.30pm (UK Time) to pay in enough money to avoid any overdraft fees you may incur that day. Switching to us is easy - TSB can help to move Direct Debits and standing orders from any existing accounts to your TSB current account - all within 7 days. Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.94% EAR (Variable). 

TSB | Classic Account

Provider:
Interest Paid:
na
Interest AER:
0%
Overdraft rate:
na
Overdraft Limit:
na
Apply:
More Info

Santander's Everyday Current Account offers simple, straightforward banking.

Representative Example: 0% EAR (variable) Arranged Overdraft. No Daily Arranged Overdraft Fee for the first 4 months. Then 50p per day capped at 20 days each monthly statement period applies thereafter. Assumed Arranged Overdraft credit limit: £1,200. Actual amount may differ.

Santander | Everyday Current Account

Provider:
Interest Paid:
na
Interest AER:
0%
Overdraft rate:
19.89%
Overdraft Limit:
£10
Apply:
More Info

NatWest Select Account - All the essentials to make everyday banking easy for you - no monthly account fee. Get rewarded with Cashback Plus. Just activate your account and use your NatWest Visa Debit card on qualifying purchases at participating retailers and you'll earn Rewards. Over 18's only.

Representative Example: If you have an overdraft limit of £100, a 0% EAR (variable) charge will apply.

NatWest | Select Account

Provider:
Interest Paid:
na
Interest AER:
0%
Overdraft rate:
19.89%
Overdraft Limit:
£10
Apply:
More Info

RBS Select Account - All the essentials to make everyday banking easy for you - no monthly account fee. Get rewarded with Cashback Plus. Just activate your account and use your RBS Visa Debit card on qualifying purchases at participating retailers and you'll earn Rewards. Over 18s only.

Representative Example: If you have an overdraft limit of £100, a 0% EAR (variable) charge will apply.

Royal Bank of Scotland | Select Account

Provider:
Interest Paid:
na
Interest AER:
0%
Overdraft rate:
19.49%
Overdraft Limit:
£100
Apply:
More Info

Handy ways to manage your money and benefits that make a difference. Enjoy all of this for just £16 a month: Worldwide Travel Insurance - includes winter sports. If you or those covered under the policy are 70 or over you must pay an annual premium of £50 per account. Mobile Phone Insurance - includes smartphones. UK Car Breakdown Cover - we'll get you and your vehicle home or to your preferred location. National Trust Days Out - 2 family day passes to a selected range of National Trust sites around the UK tastecard Membership - 2 for 1 or 50% off at thousands of restaurants UK wide. Get rewarded with Cashback Plus. Just activate your account and use your NatWest Visa Debit card on qualifying purchases at participating retailers and you'll earn Rewards. Over 18's only.

NatWest | Select Platinum

Provider:
Interest Paid:
na
Interest AER:
0%
Overdraft rate:
19.49%
Overdraft Limit:
£250
Apply:
More Info

Everyday banking with fantastic protection and leisure benefits. Enjoy all of this for just £16 a month: Worldwide Travel Insurance - includes winter sports. If you or those covered under the policy are 70 or over you must pay an annual premium of £50 per account. Mobile Phone Insurance - includes smartphones. UK Car Breakdown Cover - we'll get you and your vehicle home or to your preferred location. National Trust for Scotland Days Out - 2 family day passes to a selected range of National Trust for Scotland and National Trust properties around the UK tastecard Membership - 2 for 1 or 50% off at  thousands of restaurants UK wide. Get rewarded with Cashback Plus. Just activate your account and use your RBS Visa Debit card on qualifying purchases at participating retailers and you'll earn Rewards. Over 18s only.

Royal Bank of Scotland | Select Platinum

Provider:
Interest Paid:
na
Interest AER:
0%
Overdraft rate:
19.89%
Overdraft Limit:
£10
Apply:
More Info

NatWest Select Silver: Save money on things you may already spend on. European Travel Insurance. Mobile Phone Insurance - including iPhone. tastecard - Enjoy 2-for-1 meals or 50% off your food bill at thousands of restaurants across the UK. Ticket Booking Service - 25% cashback on tickets for theatre, dance, opera, concert performances and more throughout the UK and Ireland. £10 - Monthly account fee.

NatWest | Select Silver Account

Provider:
Interest Paid:
na
Interest AER:
0%
Overdraft rate:
19.89%
Overdraft Limit:
£10
Apply:
More Info

RBS Select Silver Account . Save money on things you may already spend on. European Travel Insurance. Mobile phone insurance - including iPhones. tastecard - Enjoy 2-for-1 meals or 50% off your food bill at thousands of restaurants across the UK. Ticket Booking Service - 25% cashback on tickets for theatre, dance, opera, concert performances and more, throughout the UK and Ireland. £10 monthly account fee.

Royal Bank of Scotland | Select Silver Account

What is a current account?

A current account is a flexible, transactional account offering easy access to your money as well as easy methods of payment and transferring money to others (by direct debit or standing order).

A current account is the basic form of bank account in the UK for both business and personal banking. Generally, current accounts come with cheque books and the opportunity to take out an overdraft or an offset mortgage.

Find The Best Current Account For You

Here at Money Expert we promise to find you the best bank account possible to help you look after your money

The most basic things to look for when searching for the right current account for you are things like the interest rates and the lending service offered. If the current account offers a lending service this will usually be in the form of an overdraft (generally with increased interest rates).

As well as the more basic aspects of the account, banks will often offer other perks and benefits with their best current accounts, such as free travel cards or cheap insurance.

Switching Current Accounts Made Easy

Thanks to our simple current account comparison service, comparing current accounts with Money Expert is both quick and free and we'll find you the best accounts available for you. Once you've chosen an account which suits your needs, you new provider will make switching arrangements on your behalf

Frequently Asked Questions

Will I earn interest with my current account?

It depends if your current account offers interest. Yes, you will earn interest on any money left in a current account. Rates will vary from bank to bank but you will always earn interest. If it’s important to you, we'll make it clear for you which of the current accounts available has the best interest rates so that you can choose the right account for you.

Can I pay direct debits from my current account?

Yes you can pay direct debits from your current account, indeed this is one of the main benefits of having an accessible transactional account like this. With a current account you can set up direct debits and standing orders and make instant one-off payments both on and offline. You can also make payments and withdrawals using your debit card associated with the account.

How much will my current account cost?

Current accounts are generally free although some will charge a small monthly fee and/or and initial set up fee. Those accounts that charge will come with certain benefits and so it is worth considering whether or not you feel that the benefits offered are worth the monthly charge. Whether you do or not, we'll make it easy for you to choose the best bank account.

Even when the account itself is free to run, there will generally be a fee for taking out an overdraft, which may manifest itself in a daily charge of say 50p for example. Some accounts will also include charges for ATM withdrawals.

Will I earn rewards by using my account?

Certain accounts will be set up such that as a new customer you will receive various rewards such as free cash or an interest free overdraft.

Often, banks will offer rewards for rewards for repeated use of your current account, such as a small monetary reward each month if a certain amount (usually around £1,000) is deposited each month.

Will I earn interest on my money?

It depends if your current account offers interest. Rates will vary from bank to bank. If it’s important to you, we'll make it clear for you which of the current accounts available has the best interest rates so that you can choose the right account for you.

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