Finder expert rating
It was also “highly commended” in Finder’s Banking Customer Satisfaction Awards, for the “high street bank” category, which means that a good chunk of its current account customers are happy with it and would recommend it to a friend.
Starling Bank: award-winning banking on your mobile
Here’s a list of the types of current accounts that Lloyds has to offer. As you can imagine, there’s one for every need, from children who are just starting their personal finance journey to fully established professionals.
With Club Lloyds, you get a 1.50% annual interest rate on balances up to £5,000. If you pay in at least £1,500 a month, there’s no monthly fee. However, if you’d rather get a more straightforward cash reward directly when you switch, you can compare incentive account options on Finder.
Learn more about reward and incentive accounts
Unlike most premium accounts, Lloyds’ Platinum account doesn’t have strict eligibility criteria. Most people can get it, but it does cost £19 a month in return for a full range of insurance benefits.
Learn more about premium current accounts
Lloyds’ student account is a solid option that offers up to a £1,500 fee-free overdraft to make your tight budget a bit more flexible. However, it offers no extra benefits, so you may want to compare alternatives to see if you can secure a free railcard or an Amazon Prime membership too.
Learn more about student accounts
Lloyds’ children’s account treats your kids with a little interest rate on their balance, and is an effective tool to teach them how to manage their money, starting from when they’re as young as 11.
Learn more about children’s accounts
To open an account with Lloyds, you’ll have to provide the following information:
You can open a Lloyds account online or by visiting a branch.
How often do you pay your bills, do your grocery shopping, tap your card to enter the tube, buy a pint? Each time you do one of these things, you are in fact using your current account. Since you rely on it so often, you may as well spend some time picking an account that works well for you.
Moreover, current accounts aren’t all the same. Some offer juicy rewards, others are especially convenient if you travel a lot. Compare options and hopefully, you’ll find one that fits you and your needs.
Monzo, Starling, Revolut and a bunch of similar companies have been trying to change the way we approach banking by offering fee-free current accounts that can be opened in a few minutes from your smartphone.
They don’t offer loads of rewards and options, but they’re great if you travel a lot because they don’t charge any fees for using the card abroad. They also come with colourful and slick mobile apps that are packed with useful features. Head to our digital banking section to learn more about it.
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