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Compare current accounts

Our experts have selected six Best Buy current accounts, great for those who always have a credit balance in their account. In this table the % Gross interest earned is based on a deposit of £1,000. With a tiered credit interest account, the more you deposit, the more you earn.
CompanyAccount% GrossFunding Required
Halifax

Reward Current Account Funded		Reward Current Account Funded£6.25 gross, £5 net, paid for each month where minimum funding requirement is met and 2 different D/D mandates held, account must be in credit at the end of each day or interest will be lost for that calendar month. £100 cashback for switched accounts and 2 direct debits transferred. Available until 7.7.13. Customers who switch to a current account and apply for a Halifax All in One credit card can receive a 100% balance transfer fee refund if they transfer a balance before 31.7.13.
Nationwide BS

FlexDirect Funded		FlexDirect Funded4.89%
Proceed
Bank of Scotland

Classic with Vantage		Classic with Vantage1.98%
Lloyds TSB

Classic with Vantage		Classic with Vantage1.98%
Coventry BS

Coventry First		Coventry First1.09%
Santander

123 Current Account		123 Current Account1.00%Cashback of 1% on water & council tax bill and Santander mortgage payments up to maximum £1K per month, 2% on gas & electricity bills, 3% on communication bills. All subject to minimum 2 direct debits paid from account.
Proceed
Last Updated: Friday 24 May 2013 17:27
Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
 

What is a current account?

A current account is a bank account which allows you to access a range of banking services. Salary, pension or other benefits can be paid in and bills can be paid by standing order or direct debit.

A current account will typically give you a cash/debit card, a cheque book and may allow you to have an overdraft facility.

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

Visit our bank accounts with benefits section to find 'packaged' current accounts offering a bundle of extra benefits.