Best Current Accounts

Compare our selected best bank account deals in 2023

Switch Incentive Current Account

Switch to a Royal Bank current account and get £200. T&Cs Apply*

  • Earn up to £5 a month back in Rewards 
  • Earn Rewards that you can redeem as cash back, gift cards or e-codes with retail partners
  • Arranged overdraft available (subject to eligibility)
  • Funding required: £1,250 per month
  • Account fee: £2 per month
  • Switch offer also available for other Royal Bank of Scotland current accounts
Royal Bank of Scotland Reward Current Account »
* TERMS AND CONDITIONS: Apply online or via Royal Bank of Scotland App using Current Account Switch Service. 18+, UK Resident. Play in £1250+ & log on to the app within 1st 60 days. £200 paid within 7 days of meeting criteria. If you’ve previously receive a switching incentive from NatWest Group, you aren’t eligible. Offer T&Cs, account eligibility & app criteria apply. Offer available once, may be withdrawn or amended. Earn up to £5 per month: £4 for 2 or more Direct Debits (£2+) & £1 for monthly app log in. £2/month fee. .

Current Account Offers With Switching Incentives

There are no tables for this criteria

Earn up to 7% AER on your cash!

Some of the best rates of interest you will get on cash currently are on current accounts. E.g NatWest & RBS pay 6.17% AER when you save between £2 to £150 pm whilst First Direct will pay 7% AER for 12 months on their Regular Saver account for 12 months when you save between £25 and £300 pm.

You can also benefit from switching your account. A number of banks now offer switch incentives. NatWest is currently offering £200 if you switch your current account to them. The good news is that switching is a lot easier than it used to be – basically the new bank account provider will do all the work in setting up your direct debits, standing orders, etc.

For students looking for a good account, Santander UK is offering a free railcard for 4 years as long as you are 18 and are in or are about to enter into full-time further education.

Current Account Offers

Best Current Accounts

To find the best current account deal on the market, you need to shop around; compare leading current accounts and apply online above.

Your new bank is responsible for contacting you before the switch date if there are any hitches with transferring your standing orders and direct debits – and incoming payments.

And the switching service is covered by a guarantee: the new bank must refund you if there are any charges because payments didn’t go through on time.  But you have to ask them for this.

Yes – you can use the partial switch service and keep your old account open, transferring all or some of your payments. But the process isn’t covered by the service guarantee so it can take longer: possibly up to 20 working days. And there isn’t an automatic-redirect for the three years after you switch. A partial switch may not qualify for the incentives offered for switching (though that shouldn’t be the only reason why you change accounts).

Not all your regular bill payments may be made by direct debits or standing orders. Some service providers (such as telecoms services, online subscriptions, gym membership and payday loans) get you to set up a “recurring payment” or “continuous payment authority” which is linked to your debit or credit card

Because they’re linked to a card rather than directly to your bank account, they’re not included in the switching service (or covered by the guarantee).

It’s not always clear which are your continuous payment authorities: you won’t find them listed on your online banking portal. When you set them up you were asked for you card details (“please read me the long card number”) rather than your bank account and sort code numbers.

You’ll need to check your monthly card statements: any regular payments going out each month that are not marked as DD (direct debit) or SO (standing order) are likely to be continuous payment authorities.

If you want to keep paying for this service (or loan) in this way, you’ll need to contact each provider and tell them your new card details as soon as you have them.

This may sound like a lot of bother, but it is useful to check periodically what’s going out of your account regularly: there may be services you’re not using (such as fast delivery, or additional online data storage) that you want to cancel.

If you can remember the family members or friends who occasionally transfer money directly to your bank, you can send them your new account details and ask them to set them you up as a new Payee.

It’s probably not a good idea to just email all your Contacts with your new account details. If you’re concerned about email security, the most secure way of sending bank account details to specific people is via WhatsApp.

And if any payments are accidentally made to your old account, for 36 months (three years) after you’ve switched, your new bank or building society will arrange for any payments to be automatically redirected to your new account. They will also contact the sender and give them your new account details.

You can pick any convenient day in the month, so long as it’s more than a week away, and not a weekend or a bank holiday.

If all your regular payments tend to go out of your account around the same time it’s best to choose a time of the month when your bank account isn’t so busy.