Current accounts with overdrafts, current accounts paying high interest, current accounts offering free budgie insurance – just how do you find the best one for you?
Don't get swept away in a sea of bank accounts! Instead, start by looking a little closer to home and asking what you want from your current account…
Look at the ways you use your current account to work out what you need.
Do you prefer to manage your current account finances:
Think about the most important features you need from a current account and then rank them in order of importance.
"I always keep a positive balance on my account – I never go into my overdraft."
Current account that pays a high credit interest rate.
Current account offering an arranged overdraft.
Select the account with:
Read our guide about current account overdrafts for more information.
Basic bank account.
"I like to have extra benefits with my current account, like travel insurance. I don't mind paying a monthly fee for this."
"I don't want to pay a monthly fee. I just want a bog-standard bank account!"
As your current account is used to manage your day-to-day finances, the way in which you can access your finances is crucial.
If you prefer to manage your money on the go, pick a current account that offers online banking and a smartphone app
If you prefer the personal touch, pick a current account you can manage at your local branch (and make sure the branch is local enough for you to use!). Some banks also allow you to manage your current account at the Post Office, so this is another option.
Check out our current account best buys for an array of the best accounts in the market.
Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
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