High Interest Bank Accounts

  - Compare the best high interest bank accounts as chosen by our team of independent experts.

Compare the Best High Interest Accounts

Compare
Up to 3 products
side by side
Interest Rate (AER)Account FeeAdditional InformationSearch all
153 accounts


Reward Current Account - Funded
0.00%None
  • £100 cashback for switched accounts
  • Authorised overdraft fee up to £3 per day
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 Per Day.

Classic Plus
5.00%None
  • Low funding requirement of £500 per month
  • Credit interest payable on balances up to £2K when account is registered for online banking, paperless statements & correspondence
  • Switch Service Guarantee member
Details...
Proceed
. Representative Example: Based on an overdraft limit of £500. Up to £25.00 charged at 0.00% EAR Variable. Over £25.00 charged at 19.94% EAR Variable. Up to £25.00 Overdraft fee of £0.00 Per Month. Over £25.00 Overdraft fee of £6.00 Per Month.

FlexDirect - Funded
5.00%None
  • Benefits on other Nationwide accounts
  • At least £1,000 must be paid in each month
  • Switch Service Guarantee member
Details...
Proceed
. Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £10.00 Overdraft fee of £0.00 Per Day. Over £10.00 Overdraft fee of £0.50 Per Day.


Current Account
3.00%£5.00 pm
  • Credit interest paid and Clubcard points awarded on card purchases
  • £5 monthly charge unless £750 pm paid in
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 Per Month.


Classic - with Vantage
2.00%None
  • Commission free travel money
  • High overdraft interest rate
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500. Up to £25.00 charged at 0.00% EAR Variable. Over £25.00 charged at 19.94% EAR Variable. Up to £25.00 Overdraft fee of £0.00 Per Month. Over £25.00 Overdraft fee of £6.00 Per Month.

Current Account Direct
2.00%None
  • Low interest rate on agreed overdrafts
  • Must pay in at least £1,000 each month
  • Switch Service Guarantee member
Details...
Proceed
. Representative Example: Based on an overdraft limit of £500 charged at 9.90% EAR Variable. Overdraft fee of £0.00 Per Month.


Current Account Direct
2.00%None
  • Low interest rate on agreed overdrafts
  • Must pay in at least £1,000 each month
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 9.90% EAR Variable. Overdraft fee of £0.00 Per Month.


Silver - with Vantage
2.00%£9.95 pm
  • Tiered credit interest rate up to £5,000
  • Fees charged for using debit card abroad
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500. Up to £50.00 charged at 0.00% EAR Variable. Over £50.00 charged at 19.94% EAR Variable. Up to £50.00 Overdraft fee of £0.00 Per Month. Over £50.00 Overdraft fee of £6.00 Per Month.


Coventry First
1.10%None
  • Open and manage via web, phone or post
  • £1,000 minimum funding required per month
  • Overdrafts up to £1000 charged at £5 pm
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £5.00 Per Month.

123 Current Account
1.00%£2.00 pm
  • High interest on credit balances £3K to £20K
  • Overdraft usage fee £1 per day with no cap
  • Switch Service Guarantee member
Details...
Proceed
. Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 Per Day.
Compare
Last Updated: Monday 1 September 2014 00:45

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply online today. Products shown with a yellow background are sponsored products.

Disclaimer:
All information is subject to change without notice. Please check all terms before committing yourself.

Moneyfacts.co.uk Limited is an independent credit broker. We will receive a payment from credit providers where customers link to them from Moneyfacts.co.uk. None of these arrangements affects our independence.

 

High Interest Bank Accounts

Some bank accounts offer a high rate of interest, but this may only be available on high balances. The account may also require a certain amount of money to be paid in each month to obtain the higher rate.

Most high interest bank accounts can be accessed in a number of ways, such as through a bank branch, via online banking or telephone banking.

Also try Moneyfacts Best Buys

Advertisements:

6 of the best high interest current accounts
6 of the best high interest current accounts

At one time savings accounts were the only sensible place to put your hard-earned cash if you wanted... More

Consumers using cards more, but for smaller buys
Consumers using cards more, but for smaller buys

How often do you use your credit or debit card? Chances are, it’s quite a lot. Card payments are inc... More

1 million people using new mobile payments service
1 million people using new mobile payments service

The Payments Council has just released its update on Paym, the new mobile banking service that offer... More

The current account charges that don’t add up
The current account charges that don’t add up

Current accounts have hit the headlines a lot recently. High-interest accounts have garnered a lot o... More

Current account market set for competition inquiry
Current account market set for competition inquiry

A new financial watchdog has said it could launch a full-blown investigation into high street banks ... More

What is a ‘continuous payment authority’?
What is a ‘continuous payment authority’?

Don’t confuse a continuous payment authority with a direct debit or standing order. If you do, it ca... More

Current account jargon buster
Current account jargon buster

Trying to find a current account but baffled by the jargon? Use our jargon buster to find about basi... More

7 Steps to getting (and staying) overdraft free
7 Steps to getting (and staying) overdraft free

Get yourself overdraft free by following our practical, seven step guide. You can actually turn a ba... More

Santander adjusts overdraft fees
Santander adjusts overdraft fees

Santander has reviewed its overdraft charges on its 123 Current Account. As a result, customers who ... More

Post Office’s competitive current account
Post Office’s competitive current account

Post Office has reviewed its standard current account with it heading into the Moneyfacts best buys.... More

Tesco’s new five star current account
Tesco’s new five star current account

Tesco Bank has launched a new current account paying a competitive rate of interest.... More

M&S launches new current account
M&S launches new current account

M&S has launched a new current account that heads straight into the Moneyfacts best buys.... More

TSB launches no fee high interest current account
TSB launches no fee high interest current account

TSB has launched a new current account offering a highly competitive rate of interest.... More