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Interest Paying Current Accounts

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

Compare the Best Interest Paying Current Accounts

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Interest Rate (AER)Account FeeAdditional InformationSearch all
143 accounts

0.00%None
  • £100 cashback for switched accounts
  • Authorised overdraft fee up to £3 per day
  • £3 reward when £750 per month paid in and 2 different Direct Debit mandates held, account must be in credit at the end of each day
Details...
. Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 Per Day.

5.00%None
  • Existing customers who refer a friend both receive £100 when switching completed
  • At least £1,000 must be paid in each month
  • Access to Simply Rewards an exclusive website offering discounts and deals
Details...
. 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.

3.00%None
  • Credit interest paid and Clubcard points awarded on card purchases
  • Internet applications only
  • Switch Service Guarantee member
Details...
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. Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 Per Month.

3.00%None
  • Low funding requirement of £500 per month
  • Credit interest payable on balances up to £1.5K when account is registered for online banking, paperless statements & correspondence
  • 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.

3.00%£10.00 pm
  • Existing customers who refer a friend both receive £100 when switching completed
  • Authorised overdraft fee based
  • Switch Service Guarantee member
Details...
Go to Site
. Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £100.00 Overdraft fee of £0.00 Per Day. Over £100.00 Overdraft fee of £0.50 Per Day.

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 19.89% EAR Variable. Up to £25.00 Overdraft fee of £0.00 Per Month. Over £25.00 Overdraft fee of £6.00 Per Month.

2.00%£3.00 pm
  • Credit interest payable up to £5,000
  • High overdraft charges
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500. Up to £100.00 charged at 0.00% EAR Variable. Over £100.00 charged at 19.89% EAR Variable. Up to £100.00 Overdraft fee of £0.00 Per Month. Over £100.00 Overdraft fee of £6.00 Per Month.

2.00%£17.00 pm
  • Tiered rates of credit interest up to £5,000
  • £6 pm fee for agreed overdrafts over £300
  • Switch Service Guarantee member
Details...
. Representative Example: Based on an overdraft limit of £500. Up to £300.00 charged at 0.00% EAR Variable. Over £300.00 charged at 19.89% EAR Variable. Up to £300.00 Overdraft fee of £0.00 Per Month. Over £300.00 Overdraft fee of £6.00 Per Month.

1.50%£5.00 pm
  • Interest paid on credit balances up to £20K
  • Authorised overdraft daily usage fee
  • Switch Service Guarantee member
Details...
Go to Site
. Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 Per Day.

0.25%None
  • Credit interest payable up to £2,000
  • Cannot open via internet
  • Switch Service Guarantee member
Details...
Go to Site
. Representative Example: Based on an overdraft limit of £500 charged at 12.50% EAR Variable. Overdraft fee of £6.00 Per Month.
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Last Updated: Tuesday 24 January 2017 00:41

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.

The UK Government has proposed to increase the deposit protection level from £75,000 to £85,000 of eligible deposits from 30 January 2017.

Disclaimer:

All overdrafts are subject to the applicant’s status. You may not be offered credit. All rates and fees are subject to change without notice. Please check all rates and terms before borrowing.

Moneyfacts.co.uk Limited is an independent credit broker not a lender. 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.

 
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