Free Current Accounts
No fee current accounts
Generally speaking, a free current is a type of bank account that is advertised with no subscription charges or fees for customers. Although the majority of high street banks may typically offer this type of account to customers, it is recommended to shop around and compare current accounts as much as possible in order to find the best deal available.
As part of a free current account, customers can expect many of the same benefits and features that may be commonly included with most other current account subscriptions. Including:
- Free online and telephone banking for ease of access
- Overdraft facilities (some providers offer interest free overdrafts up to a certain amount)
- A cash card and cheque book
- Direct debit facilities for setting up bill payments etc
The tables below show a selection of current accounts that are available right now:
|Account||Interest (AER)||Overdraft Rate||Funding Required*||Fee pm||Features||Apply|
|FlexDirect Current Account||5.0%*||0% for 12 months||£1,000 per month||N/A||5.0% IN-CREDIT INTEREST on balances up to £2,500 for the first year.||More Info >|
Nationwide FlexDirect Current Account
|Nationwide FlexPlus Current Account||3.0%*||0% for first £250||No minimum||£13||3.0% INTEREST on balances up to £2,500||More Info >|
Nationwide FlexPlus Current Account
Santander Bank »
|Santander 123 Current Account||1.50%*||Up to £3 per day||£500 per month||£5 pm||*1.50% AER (variable) on your entire balance up to £20,000. Up to 3% cashback on household bills.||More Info >|
Santander 123 Current Account
|Nationwide FlexAccount Current Account||N/A||0% for first 3 months||No minimum||N/A||3 months interest-free overdraft and no monthly account fee||More Info >|
Nationwide FlexAccount Current Account
First Direct »
|1st Account Current Account||N/A||0% for first £250||No minimum||Free if funding £1,000 or £10 below £1,000||Switch your current account and you'll get a free gift worth up to £150. £250 interest free overdraft. Free banking if paying over £1,000 per month. Satisfaction guarantee - £100 if you leave within 6 months||More Info >|
First Direct 1st Current Account
Generally speaking, fee free accounts will provide only basic services. If you want additional services many banks now charge a monthly or annual fee.
If you are considering switching from your existing bank to a new free current account, it is recommended to weigh up your options and compare current account offers from several different providers in order to find the best deal available.