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MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Moneyfacts has completed its annual assessment of the personal current account market and awarded its annual Moneyfacts Star Ratings accordingly, revealing which standard, premium, student, graduate, youth and packaged accounts are worth considering this year. Are you after a better current account?
The Moneyfacts Star Ratings are based on the weightings of specific criteria that are likely to be relevant to consumers, such as overdraft facilities, interest rates and whether or not they offer any extras. Using our vast knowledge base and extensive analysis of these products we determine which deals offer the complete package, which means the Moneyfacts Star ratings allow you to choose, with confidence, the highest quality current account that most suits your needs.
Samantha Owens, insight manager at Moneyfacts, said: "The current focus on the personal banking market has highlighted how important it is for customers to shop around to find the most cost-efficient accounts with the offers and benefits they would find of use. With the vast number of options available, it can be confusing finding an account that has all the features needed for smooth day-to-day banking as well as the best rates and offers.
"The Moneyfacts Star Ratings look at all features and benefits of a current account compared against the whole market, which allows customers to narrow their search. This means the consumer gets an extra seal of approval when choosing a five-star product."
Five-star accounts include the 'big hitters' such as Lloyds Bank, Barlcays and TSB, but also some lesser-known names as far as the current account sector is concerned, such as the Northern Irish First Trust Bank and Investec. Thanks to such variety among these highest-ranked accounts, there's sure to be something in there to suit your needs.
Check out the table below to see the full list of four and five-star current accounts, any one of which could be ideal for your requirements. If you're looking to make the jump, the Current Account Switch Service can help you do just that, in as little as seven working days, with the help of its widely regarded Switch Guarantee.
Don't forget to have a look at our current account Best Buys either - these show the benefits and features of the top current accounts available, giving you a quick and simple overview of the market and helping you decide which account could be right for you.
| Standard Current Accounts | |
| 5 stars Bank of Scotland
| 4 Stars Bank of Ireland UK
|
| Packaged Current Accounts | |
| 5 stars Bank of Scotland
| 4 Stars Barclays Bank
|
| Premium Current Accounts | |
| 5 stars Investec Bank plc
| 4 Stars Barclays Bank
|
| Student Current Accounts | |
| 5 stars HSBC
| 4 Stars Bank of Ireland UK
|
| Graduate Current Accounts | |
| 5 stars First Trust Bank (NI)
| 4 Stars Bank of Scotland
|
| Youth Current Accounts | |
| 5 stars Bank of Scotland
| 4 Stars HSBC
|
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
