Current accounts

For current account comparisons, we'd like to introduce our preferred provider, LoveMoney[1]

  • Compare current account and overdraft interest rates and terms
  • Consider account benefits, features, fees and more in one simple-to-use table
  • Look at all bank accounts or choose between basic, standard and packaged options

 

  • How easy is it to change current accounts?

    From September 2013 guidelines have required banks to transfer accounts seamlessly within seven days. The new bank may offer a free overdraft facility while changeover occurs and for most people the transfer goes smoothly, although it may take time for all the new cards, cheque books, Pins and online passwords to arrive
    Sean Davies, Gocompare.com
  • Seven-day Current Account Switch Guarantee

    The September 2013 guaranteed switching service is great news for bank and building society customers and hopefully a wake-up call to the industry. Shop around for the best bank account for you and don't be swayed by a few free quid here or there - but don't be afraid to switch, the guarantees should make the process easy and hassle free
    Matt Sanders, Gocompare.com
  • How do I choose a current account?

    There are lots of different types of bank account. Think about how you use your account and find the one that works best for you. The wrong account can cost you a fortune in interest and charges, so don't be swayed by freebies or special offers
    Felicity Hannah, personal finance journalist
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How can we help you with current accounts today?

With the help of our partners LoveMoney[1] you can quickly and easily compare rates on current accounts and their overdraft facilities, plus consider the additional benefits that are available with some products.

Should you click through to our comparison service, a simple-to-understand best-buy table will present details of the account provider, the interest rate (AER), overdraft rate, overdraft features, the annual fee (if any) and any incentives to switch to the product.

You can narrow down your search by looking at basic, standard or packaged bank accounts, and there's an explanation of what each of these broad categories covers.

When you see an option you like the look of, click the tab for more detailed information on the individual account and - if you're happy to proceed - follow the button to apply online.

The process should be quick and easy - in September 2013 the Financial Conduct Authority introduced guidelines known as the seven-day Current Account Switch Guarantee.

Did you know...?

  • 38% of UK consumers have never switched bank accounts[2]

The scheme, which almost all UK current account providers have subscribed to, requires banks to transfer your account seamlessly in seven days. Your new bank should even take care of any direct debit details.

Find out more about the scheme and the various banking options you should consider in our current account guides, where you'll also find the answers to frequently asked questions.

Overdrafts will be a key consideration for many, and you can read more about the main things to look out for on a bank account with an overdraft facility.

If, on the other hand, you have spare cash every month, a high-interest paying current account could suit you and may even outperform a dedicated savings option.

If you're interested in another sort of bank account, learn about joint, offshore, religious and business/corporate products, or try our dedicated pages on bad credit and basic options, children's, student and graduate choices, packaged accounts and cashback products.

You can also read more about ways of communicating with your bank, direct debits, bank charges, dormant accounts, offset mortgages and your credit rating.