Current Accounts

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are you
interested in?

Looking for something else?

Check out these Awesome Autumn current account reward deals. You can see more accounts below

HSBC - £200 cashback offer

£150 WHEN YOU USE THE CURRENT ACCOUNT SWITCH SERVICE AND £50 IF YOU STAY FOR 12 MONTHS

YOU CAN’T GET THIS OFFER ON OTHER COMPARISON SITES

Eligibility conditions apply 

HSBC

HSBC cashback current account 

  • Get £150 cashback when you use the Current Account Switch Service to switch your current account to HSBC through MoneySuperMarket (this will close your old account) T&Cs apply
  • To get the £150 you must have at least two active direct debits from the account to start within 30 days of the your account being opened
  • To get the £50 payment you must stay for 12 months and register for online or mobile banking within 60 days of account opening
  • To be eligible for the Advance account you must pay in at least £1,750 or £10,500 over six months
  • New HSBC customers only
  • Customers must be 18 or over
HSBC

Terms and conditions apply 

Get your deal

NatWest - £125 cashback offer

RECEIVE £125 CASHBACK WHEN YOU SWITCH AND EARN ON AVERAGE AN ADDITIONAL £83 IN REWARDS - £2 MONTHLY ACCOUNT FEE APPLIES.

Eligibility conditions apply 

Natwest

NatWest reward account

  • Get £125 cashback when you switch your current account using the Current Account Switch Service.
  • To get the £125 you must pay at least £1,500 into your account every month and log in to mobile banking by January 7, 2019. Offer ends 3 December, 2018.
  • Earn an additional 2% cashback on selected household bills when paid by Direct Debit.
  • To earn rewards you will need to access online or mobile banking at least once every three months. The average customer earns £83 per year in rewards* – so you can boost your overall cashback amount with NatWest rewards.
  • A £2 monthly fee applies and you must pay in £1,500 per month. 
  • You must be 18 or over and a UK resident.
Natwest

Terms and conditions apply 

*You could earn £83 on average in Rewards a year. This figure is based on paying 7 types of selected household bills of £345 a month and is before the Reward monthly account fee is paid. 5 Rewards = £5.00.

Get your deal

M&S Bank - £185 Gift Card offer

£125 M&S GIFT CARD WHEN YOU USE THE SWITCHING SERVICE PLUS £5 PER MONTH GIFT CARD TOP UP FOR 12 MONTHS

YOU CAN’T GET THIS OFFER ON OTHER COMPARISON SITES

Eligibility conditions apply

M&S Bank

M&S Bank cashback current account 

  • Get a £125 M&S gift card when you use the switching service to switch to this current account, plus £5 per month gift card top up for up to 12 months. T&Cs apply
  • To get the £125 gift card, you must use the current account switch service, and you must have at least four active direct debits from the account
  • To get the £5 monthly top up, you must pay in at least £1,250 every month, and you must have at least four active direct debits from the account
  • You must be at least 18 years old to open this account
  • New customers only
M&S Bank

Terms and conditons apply.

Get your deal

Barclays

TRIPLE CASH REWARDS WHEN YOU SWITCH TO A PREMIER ACCOUNT TO INCLUDE BARCLAYS BLUE REWARDS. £3 MONTHLY FEE APPLIES.

Eligibility, terms and conditions apply

Barclays

Barclays Premier current account

  • Receive triple cash rewards for 12 months when you switch current account using the Current Account Switch Service before 31 October, 2018
  • To earn triple points you must sign up for Barclays Blue Rewards for 12 months — a £3 monthly fee applies and you must pay in a minimum of £800 per month and have at least two Direct Debits
  • You must meet the eligibility criteria and either have an annual gross income of £75,000 or more paid into your Barclays current account, or have at least £100,000 saved or invested with Barclays
  • You must be 18 or older and be a UK resident to open this account

Compare current accounts

It’s more attractive than ever to compare current accounts: healthy competition means there are a number of incentives available for those willing to switch. But if you don’t compare current accounts, you could be missing out on a great deal – and some free cash!

Switching current accounts is simple because most of the legwork is done for you and, at the end of it, you can benefit from an account that’s much better for your pocket and lifestyle. 

Find the best current accounts

If you’re looking for the best current account, you’ll benefit from a wide range of products to choose from. Many of the best current accounts offer:

  • High interest rates
  • Cashback and rewards on spending
  • Competitive overdraft rates

The best current account is different for each person, as it depends on your spending habits and level of savings. Our guide to our best current accounts will help you discover which type account will suit you – and we’ll even help you to open it. 

Great for switching cashback

Switching current accounts has never been simpler, and many providers are offering lucrative incentives for moving your account to them. 

When you switch your current account to a new bank or building society, you could get £100 or more in cashback as a reward for switching. Just make sure that you’re applying for an account that suits your needs, not just the one with the highest cashback.

Switching Cashback Current Accounts - Ordered by the total amount of cashback/reward after fees.
 

HSBC HSBC

HSBC Advance Bank Account

Customer service rating

Great (42%) Ok (43%) Poor (15%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Mobile App
  • Online Banking
  • Online Fraud
  • Overdraft Facility
Great for
  • Get £150 & a 6 month interest and fee free overdraft, when you start a full switch, with 2 direct debits or standing orders, to the HSBC Advance Bank Account
  • Receive a further payment of £50 after 12 months when you register for Mobile or Online Banking within 60 days of account opening.
  • Minimum overdraft offer of £1,000 at account opening.
But be aware that
  • HSBC Advance Bank Account requires minimum monthly funding of £1,750
  • You must continue to meet account eligibility criteria in order to receive the further payment.
  • £1,000 overdraft offer subject to status and meeting HSBCs proof of UK address requirements.
Exclusive

ONLY AVAILABLE VIA MONEYSUPERMARKET AND HSBC. NEW HSBC CUSTOMERS GET £200 WHEN THEY SWITCH AND STAY. PLUS AN INTEREST AND FEE-FREE OVERDRAFT FOR SIX MONTHS. T&Cs APPLY. PLEASE SEE PROVIDER SITE FOR FULL DETAILS.

NatWest NatWest

Reward Account

Customer service rating

Great (42%) Ok (39%) Poor (19%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Cashback
  • Mobile App
  • Overdraft Facility
  • Online Banking
Great for
  • Earn £125 for switching your current account held elsewhere to NatWest by the 3 December 2018
  • Switcher Offer is open to both new and existing customers
  • 2% Rewards on eligible household bills if paid by direct debit. Customers earn on average £83 per year on monthly bills of £345.
But be aware that
  • You must be 18+ and a UK resident to apply. £2 monthly fee applies and to earn Rewards you need to access online or mobile banking once every 3 months and pay in £1,500 into your eligible account monthly
  • You must complete a full switch of a non-NatWest account to your eligible account using the Current Account Switch Service, deposit £1,500 into the account and log into online or mobile banking by 7 January 2019
  • If you have previously taken part in any offer to switch to NatWest for a cash payment (including from Royal Bank between October 2017 and May 2018), you won’t be eligible for this offer. Offer can be withdrawn at any time.
Cashback

GET £125 PLUS 2% REWARDS ON ELIGIBLE HOUSEHOLD BILLS WHEN COMPLETING A SWITCH. T&CS APPLY. SEE PROVIDER SITE FOR ELIGIBILITY DETAILS

M&S M&S

Current Account

Customer service rating

Great (62%) Ok (29%) Poor (9%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Overdraft Facility
  • Direct Debits
  • Switching Service
  • Online Banking
Great for
  • Get a £125 M&S gift card when you use the switching service to switch to this current account, plus £5 per month gift card top up for up to 12 months. T&Cs apply
  • You can also open an M&S Monthly Saver account and earn 5% AER
  • Get a £100 interest-free overdraft, with a £50 buffer if you go over your agreed limit, subject to status
But be aware that
  • You must be at least 18 years old to open this account
  • To get the £125 gift card, you must use the current account switch service and you must have at least four active direct debits from the account
  • To get the £5 monthly top up, you must pay in at least £1,250 every month, and you must have at least four active direct debits from the account
Switching Gift Card!

Earn up to £185 on an M&S gift card! Receive £125 when you switch and up to £60 when you stay! Conditions apply, see T&Cs

Customer service rating

Great (91%) Ok (7%) Poor (2%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Mobile App
  • Online Banking
  • Overdraft Facility
  • Standing Orders
Great for
  • Choose from a range of rewards worth up to £199 when you switch – including Bose Soundlink AE2 and SoundSport wireless headphones, or a Bose Soundlink Bluetooth speaker – available exclusively when you switch through MoneySuperMarket. T&Cs apply.
  • You can also open a regular savings account and earn 5% AER
  • Get a £250 interest-free overdraft, subject to status
But be aware that
  • You must be at least 18 years old to open this account
  • You must pay in at least £1,000 within the first 3 months of opening the account to qualify for the advertised reward
SWITCHING REWARDS

SWITCH & GET A GIFT WORTH UP TO £199. CHOOSE FROM: £150 EXPEDIA VOUCHER, BOSE SOUNDLINK REVOLVE BLUETOOTH SPEAKER, A CHOICE OF BOSE HEADPHONES, FITBIT CHARGE 2 SE, AMAZON ECHO SPOT, POLAROID ONESTEP 2 CAMERA, OR UP TO 250 ONLINE COURSES. T&CS APPLY.


See more cashback paying accounts 

Ongoing rewards

If you tend to stay in credit and never go overdrawn, you could get rewarded regularly by your bank or building society. By switching to a rewards current account, you could get a monthly reward payment and earn cashback on your spending. Some providers will also offer a cash incentive for switching your current account to them.

Many rewards accounts have requirements such as paying in a minimum amount each month, or having a minimum number of direct debits, so make sure you can meet the criteria to get the rewards. 

Ongoing Rewards – Ordered by the highest ongoing cashback over the first 12 month period after fees
 

M&S M&S

Current Account

Customer service rating

Great (62%) Ok (29%) Poor (9%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Overdraft Facility
  • Direct Debits
  • Switching Service
  • Online Banking
Great for
  • Get a £125 M&S gift card when you use the switching service to switch to this current account, plus £5 per month gift card top up for up to 12 months. T&Cs apply
  • You can also open an M&S Monthly Saver account and earn 5% AER
  • Get a £100 interest-free overdraft, with a £50 buffer if you go over your agreed limit, subject to status
But be aware that
  • You must be at least 18 years old to open this account
  • To get the £125 gift card, you must use the current account switch service and you must have at least four active direct debits from the account
  • To get the £5 monthly top up, you must pay in at least £1,250 every month, and you must have at least four active direct debits from the account
Switching Gift Card!

Earn up to £185 on an M&S gift card! Receive £125 when you switch and up to £60 when you stay! Conditions apply, see T&Cs


See more reward accounts 

Top for customer service

If you’re fed up with getting poor customer service from your bank, switch your current account to a provider that’s known for looking after its customers. 

As well as making your life easier, some of these accounts offer extra benefits such as competitive overdrafts or cashback for switching. 

Many current account providers require you to pay in a minimum amount every month, so make sure you can manage this.

Top for Customer Service – Ordered by score
 

Customer service rating

Great (91%) Ok (7%) Poor (2%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Mobile App
  • Online Banking
  • Overdraft Facility
  • Standing Orders
Great for
  • Choose from a range of rewards worth up to £199 when you switch – including Bose Soundlink AE2 and SoundSport wireless headphones, or a Bose Soundlink Bluetooth speaker – available exclusively when you switch through MoneySuperMarket. T&Cs apply.
  • You can also open a regular savings account and earn 5% AER
  • Get a £250 interest-free overdraft, subject to status
But be aware that
  • You must be at least 18 years old to open this account
  • You must pay in at least £1,000 within the first 3 months of opening the account to qualify for the advertised reward
SWITCHING REWARDS

SWITCH & GET A GIFT WORTH UP TO £199. CHOOSE FROM: £150 EXPEDIA VOUCHER, BOSE SOUNDLINK REVOLVE BLUETOOTH SPEAKER, A CHOICE OF BOSE HEADPHONES, FITBIT CHARGE 2 SE, AMAZON ECHO SPOT, POLAROID ONESTEP 2 CAMERA, OR UP TO 250 ONLINE COURSES. T&CS APPLY.

Customer service rating

Great (77%) Ok (18%) Poor (5%)

Customer service ratings provided by users of

Overdraft rate (EAR)

Interest rate (AER)

on balances between and

on balances up to

  • Mobile App
  • Online Banking
  • Overdraft Facility
  • Switching Service
Great for
  • 5% introductory interest rate on balances up to £2,500, for the first 12 months
  • Fee-free agreed overdraft for the first 12 months
  • No account fee
But be aware that
  • You'll need to pay in at least £1,000 each month and be in credit to receive any interest
  • After the first 12 months the interest rate on balances up to £2,500 reverts to 1% AER
  • After the first 12 months the fee-free overdraft will end and you'll be charged 50p a day on balances over £10 with an agreed overdraft


See more leading customer service accounts 

What is a current account?

A current account is a bank or building society account that lets you manage your day-to-day spending.

You can have your salary paid into it, set up direct debits and standing orders and negotiate an overdraft. Some accounts also pay interest on balances and offer cashback on spending.

Types of current account

If you just want to manage your money you might only need a standard current account, however if you have other requirements you may be able to find a type of current account that’s suitable. For example, providers can offer basic bank accounts for people with a poor credit history, joint bank accounts for more than one account holder, or children’s accounts that come without overdrafts.

Current account benefits

Some current accounts come with extra benefits for the account holder, like a cash bonus for signing up, better interest rates, and even car insurance or breakdown cover. The accounts might only be available to certain customers, like those with high credit ratings.

Current account charges

Current accounts can also include fees for using them in a certain way – some banks might charge you for resending a printed account statement or for accessing your account abroad. You may even be charged a fee for going into your overdraft without telling your bank beforehand.

Digital banking

The traditional idea of banking is being changed by digital or challenger banks, who provide most of their services through the internet or a mobile app rather than in branch or over the phone. Many are designed to be more open and transparent with customers and less focused on banking products.

Statement checks

It’s a good idea to check your account statements regularly, because this could stop you going into your overdraft without knowing. It can also be a good way to double check whether there are any transactions you don’t recognise.

Customer service

It’s also worth looking for a provider with good customer service, because you never know when you’ll need to call them up or go into a branch to fix an issue.

PIN safety

Remember to be careful with your PIN and account details – you should keep this information safe and protected. Remember, your bank will never ask you to reveal details like your PIN, either on the phone, in person, or through an email.

App banking

You may want to check whether your bank has an app that lets you manage your account online – for quick and easy money management.

Money transfers

You’ll need to use a card reader when transferring any sum of money with some banks, while some might say you’ll only need a card reader for transactions over a set amount. Other banks may not need you to use a card reader for any transactions - so if money transfers are something you might be doing a lot of, it’s worth checking the policy details to see how easy it is to make payments on the go.

Overlapping benefits

If you’re opening a current account that comes with benefits, such as car insurance or air miles, you might want to check whether they are really necessary. For example, if you already have car insurance that provides better coverage, you’re unlikely to make use of an extra car insurance policy, but if you’re a frequent flyer then an air miles bonus might be worth the extra cost.

How do I open a current account?

You’ll be able to open a bank account through the internet, over the phone, by post, or face to face in-branch – although check what the bank’s policy is on this. Most banks will need you to show ID and an official document that has your address on to open an account - this might be a recent utility bill, account statement, or council tax bill.

Who can open a bank account?

Most providers will only need you to be over 18 to open a bank account, but some banks might have additional requirements for certain types of accounts. This could be a minimum credit rating if the account comes with perks or benefits.

How do I close a current account?

If you want to close your account, you’ll normally be able to do this by contacting your bank either by phone, post, or meeting face to face and letting them know.

Why should I switch current accounts?

Switching current accounts is a great way to save money, as you might be able to find a provider that offers better interest rates or more useful incentives as part of the account. The process also only takes a maximum of seven working days, thanks to the Current Account Switch Service, so you’ll be ready to bank in no time.

Do I need to tell my bank when I switch current accounts?

You don’t need to tell your bank when you switch current accounts. This is because when you’ve completed the Current Account Switch Agreement form, the bank you are switching to will take care of the rest.

What happens to my direct debits when I switch current accounts?

Any payments in and out of your old account will automatically be switched thanks to the Current Account Switch Service, and your new bank will contact the person sending the payment or the person due to receive the payment to let them know your new account details. They’ll also contact you if there are any problems.

If you created any regular payments using your old account’s debit card then you might need to manually change them.

Can I add someone to my current account?

Many banks will let you add another name to your current account – you’ll normally both have to go into a branch and show ID to do this, as well as fill out some forms.

However, some accounts might only be limited to one account holder, and others could say the additional person needs to be a certain age. They may even need to make a payment into the account to be added – read more with our guide to joint bank accounts.

How do I change my personal details?

If you want to change the personal details on your account you’ll normally be able to do this by filling out a form or going into a branch. You’ll generally need to bring in some sort of proof of your new personal details, for example a marriage certificate if you’re changing your name for marriage, an amended birth certificate, or another form of identification – you can ask your bank or check online to see what they need you to do.

What if my bank goes out of business?

If your bank goes out of business your money will generally be safe due to the Financial Services Compensation Scheme, which gives you government protection when you bank and includes digital and challenger banks, building societies and credit unions.

What do AER and APR mean?

AER stands for Annual Equivalent Rate, and it shows you how much interest you’re earning on the balance of your savings account. APR stands for Annual Percentage Rate, which refers to the interest rate you’ll pay on any loan or credit card repayments.

What is simple and compound interest?

Simple interest is when each monthly interest payment is based on the original amount of money. Compound interest means the interest payment is based on the original balance plus any interest already added.

Can I have more than one current account?

It might depend on your personal situation, but most people can have more than one current account – in fact, many often do. This could be to organise your money better, or to take advantage of interest rates and rewards.


Explore


Explore more current accounts

Why use MoneySuperMarket to switch your current account?

Switching current accounts is easy with MoneySuperMarket, and it could mean you get to take advantage of better interest rates and cashback rewards, vouchers and other incentives.

The process of switching will take a maximum of seven working days with the Current Account Switch Service – all your direct debits should be switched over automatically, and everything should be taken care of by your new account provider.

You can compare current accounts on MoneySuperMarket – all you need to do is give a few details like your name, address, and date of birth, as well as supplying some documentation to confirm your identity and address, and you’ll be ready to compare.

You’ll be able to look at a number of important factors, like the interest rates they’ll pay, the overdraft rates they’ll charge, any rewards they provide, and any costs involved in holding an account.

How we work

Our current account comparison service is completely free to use. We do not make any money from the comparison of different current accounts.

However, if you did decide to make a switch to one of the current accounts you found through our service, and clicked through to make the switch, we would receive a fee from that provider. If you cancel the switch, or the switch doesn’t go through for whatever reason, we would not receive a fee.

Some banks also work with us to help them keep their customers, so if you switch to a different current account but stay with the same bank or building society, that company will pay us a fee.

Find out more about how we work.

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