Compare Bank Accounts

There's a wide range of bank accounts for everyday use from all of the UK's leading providers. Look for one that best suits your needs, whether that's getting a cheap overdraft, earning cash back on bills, or getting interest when in credit.

Compare current accounts using the table below to help find the right bank account for you.


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SORT RESULTS
All Accounts
High Interest
Cashback
Packaged
Overdrafts
Basic Accounts
Monthly balance:
£1,000
£0
£750
£2,000
Monthly overdraft:
£0
£0
£500
£1,000
Days overdrawn:
0 days
0 days
15 days
31 days

Based on your input
SORT DEALS BY: Annual Earnings Annual Overdraft Cost Monthly Fee Total Earnings/Costs (annually)
HSBC Advance
advance
  • 6 month interest and fee free overdraft
  • To be eligible for HSBC Advance, you will need to pay in a minimum of £1,750 per month
  • Earn credit interest with a Regular Saver account
  • Get £200 when you switch and stay with HSBC Advance
1st year:
£200
2nd year:
£0
1st year:
£0
2nd year:
£0
None1st year:
£200
2nd year:
£0
Account requirements

Not available
via Choose
Representative example: Preferential Overdraft Interest Rate. 17.9% EAR.
Halifax Reward
reward
  • £3 reward each month: pay in £750, have at least two direct debits and stay in credit
  • £125 cashback when you switch to Halifax
  • £50 overdraft buffer (subject to status)
  • Visa debit card, online, mobile and telephone banking
1st year:
£161
2nd year:
£36
1st year:
£0
2nd year:
£0
None1st year:
£161
2nd year:
£36
Account requirements

APPLY ONLINE
Representative example: If you use a planned overdraft of £1,200, then you will be charged £1 a day when you use it.
Co-operative Bank Current Account
current account
  • Get £110 when you successfully switch to this account
  • Overdraft available (subject to status)
  • Everyday Rewards scheme
  • Contactless debit card and Apple Pay
1st year:
£110
2nd year:
£0
1st year:
£0
2nd year:
£0
None1st year:
£110
2nd year:
£0
Account requirements

Not available
via Choose
Representative example: Assumed credit limit: £1200. With debit interest at 18.9% EAR variable.
United Bank UK ACE Current Account
ace current account
  • No monthly Fee or Pay-In Requirements
  • Free Direct Debit facility and standing orders
  • Overdraft available, subject to status
1st year:
£0
2nd year:
£0
1st year:
£0
2nd year:
£0
None1st year:
£0
2nd year:
£0
Account requirements

Not available
via Choose
Representative example: Overdrafts available subject to status.
Clydesdale Bank B
b
  • Current Account and Instant Savings account combined
  • Overdraft available (subject to status)
  • Mobile, Internet and Telephone banking
  • Grace period of 2 working days per calendar month if you go overdrawn
1st year:
£0
2nd year:
£0
1st year:
£0
2nd year:
£0
None1st year:
£0
2nd year:
£0
Account requirements

Not available
via Choose
Representative example: Planned borrowing: 12.50% EAR. Grace period of 2 working days if you go overdrawn
Yorkshire Bank B Current Account
b current account
  • Earn 0.25% AER (0.25% gross p.a variable) on credit balances up to £2,000 in the B current account
  • 0.50% AER, (0.50% gross p.a. variable) paid quarterly on all credit balances in the B Instant Savings account
  • Overdraft available subject to status
  • Grace period of 2 working days per calendar month if you go overdrawn
1st year:
£0
2nd year:
£0
1st year:
£0
2nd year:
£0
None1st year:
£0
2nd year:
£0
Account requirements

Not available
via Choose
Representative example: Planned borrowing: 12.50% EAR. Grace period of 2 working days if you go overdrawn.
HSBC Bank Account
bank account
  • Preferential rate with HSBC Regular Saver account
  • HSBC debit card
  • Internet and telephone banking
1st year:
£0
2nd year:
£0
1st year:
£0
2nd year:
£0
None1st year:
£0
2nd year:
£0
Account requirements

APPLY ONLINE
Representative example: If you use an overdraft limit of £1,200 the interest rate charged will be 19.9% EAR variable.
Lloyds Bank Basic Account
basic account
  • Free everyday banking
  • Internet Banking, Mobile and Telephone Banking
  • Visa Debit card
1st year:
£0
2nd year:
£0
N/aNone1st year:
£0
2nd year:
£0
Account requirements

Not available
via Choose
Halifax Basic Account
basic account
  • Free everyday banking
  • Visa debit card
  • Online, Mobile and Telephone banking
1st year:
£0
2nd year:
£0
N/aNone1st year:
£0
2nd year:
£0
Account requirements

Not available
via Choose
Royal Bank of Scotland Basic Account
basic account
  • No overdraft facility or cheque book
  • Get emergency cash if your card is lost or stolen
  • Online, phone and internet banking
1st year:
£0
2nd year:
£0
N/aNone1st year:
£0
2nd year:
£0
Account requirements

Not available
via Choose

Choose Ltd is a credit broker. We do not charge any fees in relation to credit broking activities.
Choose is provided to you as a completely free service, however we may receive a commission from some of the companies we list.
Any calculations provided are intended as a general guide only for comparison purposes and should not be considered as an exact representation of what you will have to pay.

How to compare bank accounts

What types of current account are available?

There are three kinds of current account - basic, standard and premium. Standard and premium current accounts suit most people best, offering a debit card, some kind of authorised overdraft (subject to approval) and a cheque book. Premium accounts also offer some kind of return - from good interest rates to cashback - often for a monthly fee.

Basic accounts, designed for those with poor credit histories, are more limited. They provide payment cards but there's no cheque book or overdraft, and they almost certainly won't pay interest - but they should also be fee-free. Those looking for more information on basic bank accounts should read this guide.

What's the best bank account for me?

Choosing the wrong bank account can be very expensive, so it's well worth researching the best account for our needs. Getting the right one can save us a considerable amount, and even make us a bit extra each month.

Generally, the higher the returns offered, the more the account is likely to cost - so people who regularly go into the red should look for the cheapest overdraft rather than an account that rewards them for being in credit. For those who stay in credit, the higher our average balance the more benefit we'll get from a premium current account offering high in-credit interest.

Whatever other features our ideal account will have, it'll be easy to access however we bank - in person, over the phone or online. Some banks still need us to pop in to one of their own branches for some tasks - so even if we do most of our banking online, it's worth checking how close the local branch is.

How much interest can I earn?

While many current accounts offer little or no interest, a handful of providers offer high rates for in credit balances. The best rates tend to come with conditions on minimum monthly deposits and direct debits, with some accounts withholding rewards any month we go overdrawn. For this reason, premium accounts are better suited to those who know they can always stay in credit.

To compare high interest accounts look for the AER, or Annual Equivalent Rate, then for the minimum or maximum balances on which interest is payable. Interest isn't the only reward available, however. Some current accounts offer cashback of some sort, and for those who are always in credit but sometimes not by much, these accounts can be better value.

Can I get a free overdraft?

An overdraft is a temporary loan from the bank; like other loans, the cost of that borrowing can vary. Whoever we bank with, a planned or authorised overdraft will always be cheaper than an unauthorised or "informal" overdraft, because the latter suggests we're not managing our finances properly.

Most banks offer a "buffer" of some sort to cover occasional overspends, but some also offer more generous authorised overdrafts free of charge, ideal for those who only go overdrawn by a relatively small amount. Those who need more should look at how each bank charges for the facility: some levy a flat daily rate, while others charge interest; some also impose a one-off fee any month we use the overdraft.

To compare the banks that charge interest on overdrafts, look for the Equivalent Annual Rate, or EAR. This can vary considerably from bank to bank, and some charge different rates for different accounts, or depending on how much we're borrowing. Daily charges and flat fees are attractive because they're simple to calculate, but whether they're cheaper than paying interest depends on how often we need the overdraft, and by how much.

How do I apply for a bank account?

All current account applications are subject to a credit check, which not only gives the bank an idea of our financial history but can help verify our identity; this is useful in online applications where we can't easily supply the usual documents. Typical applications require three years of address history, plus details of our monthly or annual income, so having two or three payslips is useful.

Those wanting to switch banks completely should have their existing details to hand so they can apply to use the Current Account Switching Service at the same time. This does almost all the work of transferring existing arrangements to the new account, ensuring payments to the old account are forwarded automatically, and so on. There's more on how the Switching Service works in this guide.

If one of the accounts above seems suitable, click on the "apply now" button to visit their site and find out more about their particular requirements - there's no obligation to commit at this point.

Go back up to the bank account deals  

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