Current Account Comparison
Get the best current account for you
The current account market offers some great deals for those willing to switch providers. Switching is simple because most of the legwork is done for you and, at the end of it, you can benefit from an account that’s much better for your pocket and lifestyle.
Why we chose MoneySuperMarket as a partner
There are many comparison sites out there, and they are not all the same. We chose MoneySuperMarket as a partner for this comparison service because they are 100% independent, which means they are not owned by any bank or financial institution. Their service is comprehensive, unbiased, and completely free for customers to use.
How it works
Choose which type of current account is best for you
Review what’s on offer in our table of results
Click straight through to the provider's website to apply
Featured current accounts (Ts&Cs Apply)
|Receive £100 Cashback when you switch|
|3% AER on balances up to £1,500|
|Monthly cashback on selected household bills|
|Earn up to £185 on an M&S Gift Card! Receive £125 when you switch and up to £60 when you stay.|
Good to know
How to choose the right current account
What sort of current account is right for you? It all depends on how you plan to use it.
Have a large balance?
Some current accounts now offer interest rates that beat the majority of savings accounts. But others pay no interest at all. So if you tend to keep a large credit balance in your current account, look for an account that offers competitive rates of interest &nadsh; either at a flat rate or in tiers depending on how much you have in your account. Just remember that the best interest rates often only plummet after the first year, meaning you will need to move your money then to avoid missing out on better returns.
If you tend to be in the red a lot, the charges incurred when you are overdrawn will be more important to you than the interest paid on an in-credit balance. Some accounts offer very low rates on arranged overdrafts, while others impose daily fees for being overdrawn. Those with daily fees are best avoided, as these can run into hundreds, if not thousands of pounds over the year.
Want added benefits?
Packaged accounts usually charge a monthly fee in return for add-ons such as travel insurance, breakdown cover and mobile phone insurance. These accounts offer value for money if you make full use of the benefits on offer, and ensure that you are not paying separately for the same services. Just remember to check that the benefits are suitable for your needs - for example, check that the travel insurance is worldwide if you plan to holiday outside Europe.
Looking for a cash injection?
A number of current account providers - including some of those offering competitive interest rates - will pay you to switch to them. As long as you use the account as your main account, you can receive an incentive of approximately £100, just for moving your account. Certain banks also offer cashback on everyday spending such as grocery shopping.
How to switch a current account
Switching your current account is quick and easy. The process should take no more than seven working days, and all outgoing payments, such as direct debits, will be transferred to your new account provider automatically. All you have to do to get the ball rolling is contact the bank or building society you want to switch to.
Switching current accounts can seriously improve your wealth. You could, for example, start earning a better rate of interest on your in-credit balances, or start paying a lot less for your overdraft. You may even receive a cash incentive just for switching.
Switching to a bank or building society that offers better customer service can also make your life less stressful. Use a price comparison website, such as MoneySuperMarket, to check and compare the best options for you.
How do I switch current accounts?
New rules introduced in September 2013 have made the process of switching current accounts both faster and easier. Banks must now make the switch within seven working days, down from up to 30 days in the past.
All incoming and outgoing payments will be transferred to your new bank on your behalf. So there's no need to worry about bills not being paid or your salary failing to arrive. There's also a guarantee that any incoming payments sent to your old account by accident will be redirected to your new account for a period of 13 months after the agreed switch date.
What's more, if any errors are made and you are penalised as a result, your new account provider will refund the amount to ensure you do not lose out. Additionally, by switching, there is no impact on your credit rating.
Telegraph Media Group is an Introducer Appointed representative of MoneySuperMarket.com Financial Group Limited, which is authorised and regulated by the Financial Conduct Authority (FCA FRN 303190). MoneySuperMarket.com Financial Group Limited, registered in England No. 3157344. Registered Office: MoneySuperMarket House, St. David’s Park, Ewloe, CH5 3UZ.