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.
- Provider
- Interest
- Paid
- AER
- Overdraft
- Rate
- Limit
- Apply
- Provider:
-
- Interest Paid:
- monthly
- Interest AER:
- 3%
- Overdraft rate:
- 0.00% Interest per annum (variable)
- Overdraft Limit:
- £0
- 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:
- 5%
- Overdraft rate:
- 0.00% Interest per annum (variable)
- Overdraft Limit:
- £0
- 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:
- 0.00% Interest per annum (variable)
- 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:
- na
- Interest AER:
- 0%
- Overdraft rate:
- 19.30% Interest per annum (variable)
- Overdraft Limit:
- £0
- 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% Interest per annum (variable)
- Overdraft Limit:
- £0
- 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:
- 0.00% Interest per annum (variable)
- Overdraft Limit:
- £0
- 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% Interest per annum (variable)
- Overdraft Limit:
- £100
- Apply:
- More Info
NatWest Select Account - All the essentials to make everyday banking easy for you - no monthly account fee.
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% Interest per annum (variable)
- Overdraft Limit:
- £100
- Apply:
- More Info
RBS Select Account - All the essentials to make everyday banking easy for you - no monthly account fee.
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% Interest per annum (variable)
- 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.
NatWest | Select Platinum
- Provider:
-
- Interest Paid:
- na
- Interest AER:
- 0%
- Overdraft rate:
- 19.49% Interest per annum (variable)
- Overdraft Limit:
- £100
- 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.
Royal Bank of Scotland | Select Platinum
- Provider:
-
- Interest Paid:
- na
- Interest AER:
- 0%
- Overdraft rate:
- 19.89% Interest per annum (variable)
- Overdraft Limit:
- £100
- Apply:
- More Info
NatWest Select Silver - includes three DVD rentals and up to 2 hours online streaming every month from LOVEFiLM - £10 a month.
NatWest | Select Silver Account
- Provider:
-
- Interest Paid:
- na
- Interest AER:
- 0%
- Overdraft rate:
- 19.89% Interest per annum (variable)
- Overdraft Limit:
- £100
- Apply:
- More Info
RBS Select Silver Account - mobile phone insurance - includes iPhones, £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.
Current Account Apply News
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15 May 2013
Co-op Bank's debt rating to downgraded to ‘junk’
Co-op downgrading may affect bank's future
-
14 May 2013
Post Office trials three new current accounts
New accounts could be key challenger to high street banks
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14 Mar 2013
App lets NatWest and RBS customers text cash to friends – without bank details
Barclays has already released an app which allows anyone with a current account to transfer small amounts of cash, but now rival RBS/NatWest has jumped on the bandwagon with the launch of a new mobile cash transfer service.
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5 Mar 2013
Nationwide’s 5% current account makes it one of the best on the high street
A few changes made to its FlexDirect current account means that Nationwide now offers one of the most attractive current account options on the high street.
