Switching current accounts can be a daunting prospect, but the rewards of better interest rates and additional features easily outweighs the downsides.
If moving seems arduous, look out for free switching services that will handle the switch for you.
Compare current accounts by cost simply by using the form opposite - just enter your average monthly balance and / or average monthly overdraft.
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Credit Interest AER
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Overdraft
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Minimum Criteria |
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Monthly Fee |
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Account Features |
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5% AER
up to £2,500 for 12 months
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0% EAR
for 4 months, then 12.9% EAR
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18 years
& pay in £1000 a month
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£20
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- £100 cash back if you switch using the Account Transfer Service and pay in £1000 monthly.
- Annual worldwide family travel insurance - with winter sports
- Health Benefits from AXA PPP healthcare
- Green Flag breakdown cover in the UK
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5% AER
up to £2,500 for 12 months
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0% EAR
for 4 months, then 12.9% EAR
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18 years
& pay in £1000 a month
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£10
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- £100 cash back if you switch using the Account Transfer Service and pay in £1000 monthly.
- Annual worldwide family travel insurance - with winter sports
- Green Flag breakdown cover in the UK
- Identity Protection - with legal cover
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Santander Preferred In-Credit |
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5% AER
up to £2,500 for 12 months
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0% EAR
for 4 months, then 19.9% EAR
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18 years
& pay in £1000 a month
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None
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- £100 cash back if you switch using the Account Transfer Service and pay in £1000 monthly.
- Preferential rates for credit balances.
- Previous overdraft matched up to £5,000.
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Lloyds TSB Classic with Vantage |
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4.0% AER
£5,000 to £7000
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19.3% EAR
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18 years
& pay in £1000 a month
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None
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- Preferred interest rates on balances between £5000 and £7000.
- Lloyds TSB Visa debit card
- Commission free foreign currency from Lloyds TSB
- Grace period if you go over your limit: until 3.30pm the same day to pay in money to cover your payments and avoid overdraft fees.
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Lloyds TSB Classic with Plus |
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2.5% AER
up to £2,500 then 0.1% AER
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18.9% EAR
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18 years
& pay in £1000 a month
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None
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- Preferred interest rates on lower balances.
- Lloyds TSB Visa debit card
- Commission free foreign currency from Lloyds TSB
- Grace period if you go over your limit: until 3.30pm the same day to pay in money to cover your payments and avoid overdraft fees.
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0.15% AER
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19.24% EAR
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18 years
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£12.95
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- Annual worldwide travel insurance
- UK airport lounge access
- Mobile phone insurance
- Green Flag car breakdown cover
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0.15% AER
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19.49% EAR
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18 years
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£6.95
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- Earn an extra 0.25% interest on RBS instant access savings
- Mobile Phone Insurance
- 10% discount on RBS home insurance
- 10% discount on RBS car insurance
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0.10% AER
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0% EAR
up to £100, then 19.89% EAR
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18 years
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None
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- Free everyday banking.
- Overdraft & chequebook available.
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0.10% AER
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19.24% EAR
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18 years
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None
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- Free everyday banking
- No arrangement or renewal fees on overdrafts up to £15,000.
- Offset mortgage available
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0.1% AER
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19.3% EAR
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18 years
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None
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- Lloyds TSB Visa debit card
- Commission free foreign currency from Lloyds TSB
- Grace period if you go over your limit: until 3.30pm the same day to pay in money to cover your payments and avoid overdraft fees.
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Santander Preferred Overdraft |
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None
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0% EAR
for 12 months, then 12.9% EAR
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18 years
& pay in £1000 a month
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None
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- Preferential rates on overdrafts.
- Previous overdraft matched up to £5,000.
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None
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0% EAR
up to £1,000, then 14.9% AER
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18 years
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£25
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- Worldwide Multi-trip Travel Insurance
- RAC Breakdown Cover in the UK & Europe
- Worldwide Concierge Service
- Airport Lounge Access
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£5 a month
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0% EAR
but fees from £1 a day on overdrafts.
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18 years
& pay in £1000 a month
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None
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- £5 reward each month you pay in £1,000
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Barclays Bank Additions Active |
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None
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0% EAR
up to £300, then 18.3% EAR
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18 years
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£15
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- Worldwide Multi-trip Travel Insurance for you and your family
- RAC Breakdown Cover
- Mobile phone insurance
- Cardholder protection insurance
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Barclays Bank Current Account Plus |
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None
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0% EAR
up to £300, then 18.3% AER
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18 years
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£5
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- Mobile Phone Insurance
- Extended Warranties on domestic appliances
- Cardholder Protection Insurance
- Emergency personal reserve.
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£5 a month
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0% EAR
but fees from £1 a day
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18 years
& pay in £1000 a month
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None
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- £5 reward each month you pay in £1,000
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£5 a month
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0% EAR
up to £300, then £1 a day
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18 years
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£12.5
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- £5 reward each month you pay in £1000
- Worldwide Multi-trip Family Travel Insurance
- AA Breakdown Cover
- Mobile Phone Insurance
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None
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17.9% EAR
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18 years
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£12.95
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- £6 for the first 6 months then £12.95.
- Worldwide travel insurance
- Roadside Breakdown assistance
- £3000 life insurance cover
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None
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19.3% EAR
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18 years
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None
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- Barclays debit card.
- Personal reserve for emergencies.
- Online and telephone banking.
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None
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19.9% EAR
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18 years
& pay in £500 a month
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None
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- £50 cashback when you pay with your HSBC debit card
- Identity Theft Assistance
- Preferential rate with HSBC Regular Saver account
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Current Account News