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Current account holders seek long-term value
Current account holders seek long-term value

A growing number of customers intend to shop around and choose a current account that offers the bes... More

Current account holders favour familiarity
Current account holders favour familiarity

A study by first direct has found a quarter of current account customers in the UK chose their exist... More

Post Office unveils current accounts
Post Office unveils current accounts

The Post Office has launched three brand new current accounts today, broadening its range of persona... More

Moody’s downgrades The Co-operative Bank rating
Moody’s downgrades The Co-operative Bank rating

The Co-operative Banking Group has expressed its disappointment at having its credit rating downgrad... More

EU outlines new banking plans
EU outlines new banking plans

The European Commission is reportedly working on a set of proposals which will allow all European re... More

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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

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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: Monday 20 May 2013 14:27
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.