Earn up to 5% AER on your cash!

Some of the best rates of interest you will get on cash currently are on current accounts. E.g Nationwide offer 5%  AER fixed (4.89% gross pa) in credit interest on balances up to £2,500 for the first 12 months

You can also benefit from switching your account. A number of banks now offer switch incentives. HSBC are currently offering £150 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 and standing orders etc.

For students looking for a good account Santander UK are 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.

Nationwide FlexDirect Account

Earn 5% AER Fixed Interest

  • On balances up to £2,500
  • Interest paid for first 12 months
  • No account fees
  • Easy online account management

Nationwide FlexDirect Account »

Offers

High Interest Current Account Offers

Account
Nationwide FlexDirect Current Account
Interest Rate
5.00%
AER fixed on balanced up to £2,500
Funding Required
£1,000 per month
Overdraft rate
0% for 12 months
Account
Nationwide FlexAccount Current Account
Funding Required
No minimum
Overdraft rate
0% for first 3 months
Account fee
No fee
Account
Nationwide FlexPlus Current Account
Interest Rate
3.00%
AER fixed on balanced up to £2,500
Funding Required
No minimum
Overdraft rate
0% for first £250
Account
Santander 1|2|3 Current Account
Interest Rate
1.50%
AER fixed on balances up to £20,000
Funding Required
£500 per month
Overdraft rate
Up to £3 per day
Special Offers
Up to 3% cashback on household bills

Current Account Offers With Switching Incentives

Account
Santander 1|2|3 Student Current Account
Funding Required
£500 per term
Overdraft
£1,500 Interest Free increasing to £2,000
Details

A free 4-year Santander 16-25 Railcard which could save you 1/3 off rail travel in Great Britain

Britannia Building Society Current Accounts

Originally a mutual building society that was established in 1856, Britannia Building Society offers customers a number of different financial services and products, including mortgages, savings, investments and insurance products.

As part of the Co-operative Bank, Britannia building society current accounts come in several different formats that may be interest to customers:

Standard Current Account

Through the use of a standard current account, customers may have access to a number of useful tools and features that will make their day to day banking easier to manage. This accounts come with:

  • Online and telephone banking as standard
  • Access to UK call centres that are open 24 hours a day, seven days per week
  • Free cash withdrawals, regular statements and a cheque and debit card
  • Access to exclusive mortgage deals
  • Customers can also apply for an overdraft

Some of the Britannia Building Society’s other current account deals are explained below, along with our easy to use comparison tables which will allow you to compare this kind of account with others available right now.

Other current account deals offered by Britannia Building Society are:

Current Account Plus

A current account plus may provide customers with a number of useful extra features provided that they meet with certain eligibility criteria. These benefits include:

  • Access to a fee free £200 overdraft
  • Joint account access
  • Free cash withdrawals in the UK
  • No monthly subscription charges
  • Customers must be able to deposit a minimum of £800 per month in order to be eligible

Privilege Current Accounts

As well as many of the benefits that’s are included with a standard Britannia Building Society current account, this account comes with a number of extra benefits for £9.50 per month subscription charge.

Customers can expect:

  • Worldwide travel insurance for families, this policy will remain active for as long as the customer has an account with the provider and may also cover the loss of personal belongings
  • 4 phone mobile insurance for loss, damage or theft
  • Access to a privilege savings account and free legal advice
  • 20% off Co-operative home insurance

See our current account comparisons tables for more information on similar offers from different providers.

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.

No Credit Check Prepaid Card

Nationwide FlexDirect Account

Earn 5% AER Fixed Interest

  • On balances up to £2,500
  • Interest paid for first 12 months
  • No account fees
  • Easy online account management

Nationwide FlexDirect Account »

Reviewers recommend Fair Investment Company

 

Offers