High Interest Current Account

Compare UK Current Account Deals That Pay High Interest
Account
NatWest Select Current Account
Features
Everyday current account
Funding Required
No minimum
Account fee
No fee
Account
Royal Bank of Scotland Select Current Account
Features
Everyday current account
Funding Required
No minimum
Account fee
No fee
Account
NatWest Reward Current Account
Features
Up to £5 back in Rewards a month and at least 1% back on partner retailers*
Funding Required
£1,250 per month
Account fee
£2 per month
Account
Royal Bank of Scotland Reward Current Account
Features
Up to £5 back in Rewards a month and at least 1% back on partner retailers*
Funding Required
£1,250 per month
Account fee
£2 per month
Account
first direct 1st Account
Interest Rate
Access to 7% AER/Gross on Regular Savings
Funding Required
No monthly minimum
Account Fee
FREE
Account
Santander Edge Current Account
Features
Earn cashback every month on selected household bills and essential spend, plus get access to an exclusive savings account paying 7% AER
Funding Required
£500 per month
Account fee
£3 per month
Account
Santander Edge Up Current Account
Features
3.50% AER (3.45% gross variable) on balances up to £25,000, and up to 1% cashback on household bills, supermarket and travel costs (exclusions apply)
Funding Required
£1,500 per month
Account Fee
£5 pm
Account
Nationwide FlexDirect Current Account
Interest Rate
5%
AER fixed on balanced up to £1,500
Funding Required
£1,000 per month
Overdraft rate
0% for 12 months
Account
Chase Current Account
Features
1% cashback on your everyday debit card spending for your first 12 months. Cashback exceptions and limits apply. Plus access to a 4.1% AER easy access saver account
Funding Required
No monthly minimum
Account fee
FREE
Account
Chase Current Account
Features
1% cashback on your everyday debit card spending for your first 12 months. Cashback exceptions and limits apply. Plus access to a 4.1% AER easy access saver account
Funding Required
No monthly minimum
Account fee
FREE
Account
Monese Multi-Currency Mobile App Bank Account
Features
Multi-currency banking app that provides you with fast and free current accounts in 31 countries
Spend & Transfer Money Abroad for Free
Account fee
£0 to £14.95 per month
Account
Cashplus Current Account
Features
No credit checks - instant online decision. Apply from your mobile and manage your money with the banking app. Add Creditbuilder to your account and it could help build your credit rating at no extra cost
Adverse Credit
Account
Currensea Mobile App Bank Account
Features
Spend in confidence, whilst saving money on your overseas purchases
Spend & Transfer Money Abroad
Account fee
FREE
Account
Revolut Mobile App Current Account
Features
Modern banking: set up and manage current account directly from your phone
Spend & Transfer Money Abroad
Standard Account Fee
£0

SPCIAL OFFER: 3 months of free Revolut Premium trial. T&C’s Apply

Account
Chase Current Account
Features
1% cashback on your everyday debit card spending for your first 12 months. Cashback exceptions and limits apply. Plus access to a 4.1% AER easy access saver account
Funding Required
No monthly minimum
Account fee
FREE
Account
Santander Edge Current Account
Features
Earn cashback every month on selected household bills and essential spend, plus get access to an exclusive savings account paying 7% AER
Funding Required
£500 per month
Account fee
£3 per month
Account
Santander Edge Up Current Account
Features
3.50% AER (3.45% gross variable) on balances up to £25,000, and up to 1% cashback on household bills, supermarket and travel costs (exclusions apply)
Funding Required
£1,500 per month
Account Fee
£5 pm
Account
Nationwide FlexPlus Current Account
Special Features
Free UK & European Breakdown insurance, worldwide travel insurance, and family mobile insurance
Arranged Overdraft
Account Fee
£13 per month
Account
NatWest Reward Current Account
Features
Up to £5 back in Rewards a month and at least 1% back on partner retailers*
Funding Required
£1,250 per month
Account fee
£2 per month
Account
Royal Bank of Scotland Reward Current Account
Features
Up to £5 back in Rewards a month and at least 1% back on partner retailers*
Funding Required
£1,250 per month
Account fee
£2 per month
Account
Card One Money Current Account
Features
No credit checks - open to everyone with guaranteed acceptance. Help manage your money. Account comprises of a Billing Account for money in and to pay your bills from, plus a Debit Mastercard for your every day spending
Adverse Credit
Cashback
Account
Santander Edge Student Current Account
Features

A free 4-year Santander 16-25 Railcard worth £100 (average saving of £182 per year)

Funding Required
£500 every 4 months
Overdraft
£1,500 Interest Free increasing to £2,000
Account
first direct 1st Account
Interest Rate
Access to 7% AER/Gross on Regular Savings
Funding Required
No monthly minimum
Account Fee
FREE
Account
Nationwide FlexDirect Current Account
Interest Rate
5%
AER fixed on balanced up to £1,500
Funding Required
£1,000 per month
Overdraft rate
0% for 12 months
Account
NatWest Select Current Account
Features
Everyday current account
Funding Required
No minimum
Account fee
No fee
Account
Royal Bank of Scotland Select Current Account
Features
Everyday current account
Funding Required
No minimum
Account fee
No fee
Account
Santander Everyday Current Account
Features
The current account for your every day banking needs
Funding Required
No minimum
Account Fee
No fee
Account
Nationwide FlexAccount Current Account
Account fee
No fee
Funding Required
No minimum
Arranged Overdraft rate
39.9%
Account
Cashplus Current Account
Features
No credit checks - instant online decision. Apply from your mobile and manage your money with the banking app. Add Creditbuilder to your account and it could help build your credit rating at no extra cost
Adverse Credit
Account
Nationwide FlexPlus Current Account
Special Features
Free UK & European Breakdown insurance, worldwide travel insurance, and family mobile insurance
Arranged Overdraft
Account Fee
£13 per month
Account
first direct 1st Account
Interest Rate
Access to 7% AER/Gross on Regular Savings
Funding Required
No monthly minimum
Account Fee
FREE
Account
Santander 1|2|3 Mini Current Account
Features
3% interest AER
(2.96% gross)
Interest Earned Between
£1,500 to 2,000
Minimum Deposit
No minimum
Account
NatWest Rooster Money Child's Pre-Paid Bank Account
Features
A head start with money - Kids' prepaid debit card and pocket money app. Teaching them good life lessons for the future
Covered Under the FSCS
Monthly Fee
From zero to £1.99
Account
Go Henry Kid's Bank Account
Features
The kids' prepaid debit card & financial education app
Covered Under the FSCS
Monthly Fee
£2.99
Account
Revolut Junior Account
Features
Designed for kids, controlled by you, teach kids money skills for life
Covered Under the FSCS
Monthly Fee
Varies from zero to £12.99
Account
Santander Edge Student Current Account
Features

A free 4-year Santander 16-25 Railcard worth £100 (average saving of £182 per year)

Funding Required
£500 every 4 months
Overdraft
£1,500 Interest Free increasing to £2,000
Account
Suits Me Bank Account
Features
Get instant access to a UK account in minutes. No credit checks! Just 10 minutes to apply. Receive and send payments to and from your account via the app, and earn with exclusive cashback rewards & partner deals
Adverse Credit
Account
Cashplus Current Account
Features
No credit checks - instant online decision. Apply from your mobile and manage your money with the banking app. Add Creditbuilder to your account and it could help build your credit rating at no extra cost
Adverse Credit
Account
Card One Money Current Account
Features
No credit checks - open to everyone with guaranteed acceptance. Help manage your money. Account comprises of a Billing Account for money in and to pay your bills from, plus a Debit Mastercard for your every day spending
Adverse Credit
Cashback
Account
Revolut Pro Business Account
Details
A global business account which caters to freelancers, sole traders, contractors, and self-employed individuals looking to more easily, efficiently and conveniently manage business funds
Cashback
Earn 1% cashback on card spend
Monthly Account Fee
From FREE (standard account)
Account
Tide Business Current Account
Details
Powerful and simple business account - built to make your life easier. For companies of all shapes and sizes. Trusted by 130,000+ UK businesses
Debit Card
Monthly Account Fee
FREE

Get £50! Open a business current account with Tide & Fair Investment*

*£50 and a year of free transfers when you open a business account. T&Cs apply. Use the code: FAIRINVESTMENT
Account
Go Solo Business Bank Account
Details
Open a business bank account with a debit card and start trading. Additional option to register a new UK limited company
Debit Card
Monthly Account Fee
FREE to Start

Account
OuiTrust Business Bank Account
Details
Open your multi-currency business account in minutes. Save money on international payments
Debit Card
Monthly Account Fee
FREE to Start

Account
Cashplus Business Account
Details
Sign up in minutes for Business Bank Account with no monthly or annual fee
Debit Card
Monthly Account Fee
No Monthly Fee
Account
Card One Business Account
Details
Apply in minutes with no credit checks. Card One just need to verify your identity & residency. Suitable for businesses of all sizes
Debit Card
Monthly Account Fee
£12.50
Account
Anna Business Current Account
Details
ANNA Money is the business current account for startups, small businesses and sole traders
Debit Card
Monthly Account Fee
FREE for 6 months*
Account
Currensea Business Current Account
Details
Currensea is a new way to globalise existing business bank accounts. Pay in every currency without the fees
Debit Card
Monthly Account Fee
FREE

There are no tables for this criteria

With the Bank of England Base Rate falling to historical lows over the last 5 years, there are not many current account providers who pay what you would call high interest on the account balance.

While the Base Rate increased last month by 0.25% banks are in no hurry to pass this rate rise onto customers.

Typically most banks and building societies pay either a nominal amount of interest or no interest at all.

Some providers will pay higher interest on the first say £1,000 held on the account, and then pay a much lower rate on money held over this amount.

Currently the highest paying interest current account in the UK presently is the Nationwide Flex Direct Account paying 5% on up to balances of £2,500. After a year the account drops to 1%.

You could also consider their FlexPlus Account which pays a lower 3% on or up to £2,500, but with the rate staying at that level. However to get this deal a monthly fee of £13 is charged for the privilege.

For savers with larger deposits of money Santander 123 Account pay 1.5% on balances up to £20,000 plus you get 3% cashback on household bills paid from your account. This account comes with a monthly £5 fee.

It is in August and September that UK Banks start to bring out their latest student current account offerings. Banks are understandably keen to get your business. Research shows that one you set up a current account you are unlikely to move it.