Best bank accounts

Discover how to find the best bank account for your needs.

Updated

Fact checked

Compare the best bank account

Table: sorted by switching bonus
Data indicated here is updated daily
Name Product Ratings Interest (AER) Arranged overdraft Key benefits Link Representative example
Starling Bank
We say
★★★★★
★★★★★
You say
★★★★★
★★★★★
0.05%
15% EAR variable
Award-winning current account, apply in minutes
Go to site
Current account switch service guarantee badge
No fees for spending or withdrawing cash overseas - currencies are converted at Mastercard’s standard exchange rate
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 15% EAR variable.
Santander
We say
★★★★★
★★★★★
You say
★★★★★
★★★★★
0%
39.94% EAR variable
Interest and fee free overdraft
for first four months when you switch
Go to site
Current account switch service guarantee badge
Up to 15% cashback at a range of major retailers
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.94% EAR variable.
Cashplus
We say
★★★★★
★★★★★
0%
N/A
Guaranteed acceptance plus a credit building feature
Go to site
Account fee of £5.95 per month.
ThinkMoney
We say
★★★★★
★★★★★
0%
N/A
Guaranteed acceptance
Go to site
Current account switch service guarantee badge
Earn cashback on your purchases when you shop through the ThinkMoney rewards portal
Account fee of £10 per month or £15 per month.
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Compare up to 4 providers

Table: sorted by interest rate, promoted deals first
Data indicated here is updated daily
Name Product Account type Withdrawals Min. opening balance Interest rate Apply link
Royal Bank of Scotland
Regular saver
Withdrawals not permitted
£0
3.04% AER variable

View details
NatWest
Regular saver
Withdrawals not permitted
£0
3.04% AER variable

View details
Lloyds Bank
Regular saver
Withdrawals not permitted
£25
1.5% AER fixed for 1 year

View details
Gatehouse Bank – Fixed Term Deposit
Gatehouse Bank
Fixed-rate bond
Withdrawals not permitted
£1,000
1.5% AER fixed for 5 years

View details
Shawbrook Bank
Fixed-rate bond
Withdrawals not permitted
£1,000
1.35% AER fixed for 7 years

View details
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Compare up to 4 providers

Table: sorted by interest rate, promoted deals first
Data indicated here is updated regularly
Name Product Account fee Bank transfers Accounting integrations Non-Sterling transactions Overdraft Account management Key benefits
Tide
Free
£0.20
Free if both accounts are with Tide
Xero, QuickBooks, FreeAgent, ReckonOne, Kashflow, Sage
Free
App, Online
Register your limited company for free (usually £12) and open a Tide account in one go: choose 'Register a company' from the Tide homepage menu
Starling Business Account
Free
Free
Xero, FreeAgent
Free

Min. 18 months trading to apply
App, Online
Add the new Business Toolkit onto your free Starling account, and get the first month free of charge (RRP £7pcm)
Mettle
Free
Free
Free agent, Xero
Unable to make international payments
App
Comes with a suite of free accounting software to integrate with
Amaiz
£9.99 per month
Free in first month
Free Starter plan available
£0.20
FreeAgent, Xero, Sage, Reckon One, Kashflow, QuickBooks
1%
0.5% in Europe, 1% elsewhere
App, Online
Get your first month FREE
HSBC Kinetic

No monthly account fees during early access*
Free
Xero, Quickbooks, Sage

International payments unavailable

Up to £30,000 subject to eligibility and application
App, Online
*No monthly account fees for 18 months, thereafter a monthly charge of £6.50 applies
Cashplus business
Free
£0.20
First 10 payments sent each month FREE
FreeAgent, Xero, Sage, Kashflow, Quickbooks, Clearbooks
2.99%

On invitation
App, Online
ANNA
Free
Free up to a max. balance of £5,000 (or up to £500 paid in per month)
Free
2 free transfers per month and unlimited free transfers to Anna accounts
Coming soon
Free
App
Earn 1% cashback for paying with your ANNA card in selected categories. Enjoy premium benefits free for the first 6 months.
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What type of bank account are you looking for?

  • Current account. A current account is used for day-to-day spending. It comes with a debit card. You can set up direct debits and standing orders. There are no limits for deposits or withdrawals.
  • Savings account. A savings account tends to pay higher interest on in-credit balances, but many come with limits on withdrawals and deposits. You can set set up direct debits or standing orders or make payments from this account.
  • Business account. If you run a partnership or corporation, you need to run your business finances through a business account for tax purposes. Business current accounts and business savings accounts are available.

What is the safest bank account?

Safety is a common concern among banking customers, especially when it comes to online banking. If you’re keen to discover which banks offer the best safety precautions, check out our guide on the safest banks.

Which banks give you money to switch?

In order to tempt customers away from their competitors, many banks offer switching incentives including cash bonuses. Click to see our guide on which banks give you money to switch.

How to choose the best bank account

Here are the main factors you’ll want to consider when choosing your bank account.

  • Branch access. If you would like assistance from staff in a local branch, you may base your decision on which banks have branches near your home or workplace.
  • Interest rates. It’s worth comparing which banks offer the best interest rates on in-credit rates, and maybe which ones offer the most generous overdrafts.
  • Incentives. A lot of banks offered ‘packaged’ accounts, which come with gadget insurance, travel insurance, breakdown cover and other incentives. These come with a monthly account fee though.
  • Customer service. There are plenty of surveys out there which rate the customer service delivered by the best banks.
  • Other financial products. Some banks offered better mortgage/credit card/savings deals to their current account holders, so bear this in mind if you’re looking for other financial products.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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