Banks can make large profits from charges being applied to current accounts and low interest rates. We have listed below some of the best interest paying current accounts in the UK. Just click on the 'more details' button to view the current account features and offers. Alternately use our current account comparison tool to compare over 300 UK current accounts.
Latest Current Account News - updated
| Provider | Offer | |
|---|---|---|
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Abbey and the Alliance and Leicester have increased their current account interest rates and now pay 6.00% AER (previously 5.0%). The rate is Fixed for 1 year and is for balances up to £2,500. Click here for details on the Abbey account or Click here for the Alliance and Leicester account. |  |
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The new Halifax Reward Current Account will give you £5 every month even if you are overdrawn. There are no monthly fees and simple overdraft fees. They also offer an Ultimate Reward Account paying 2.50% AER. Click here to view details on the Ultimate Reward Account or Click here for the Reward Account | |
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First Direct will add £100 to your bank account when you open an account. If you are not happy with their service within 12 months, they will give you a further £100 and help you move banks. | |
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Lloyds TSB do not offer introductory interest rates on their Classic Account with Vantage, just rates that last, paying up to 4.00% AER. The interest rates vary depending how much you have in your account. | |
Current Account Tables
| Provider | Account | AER | Min. Balance | Overdraft Rate | Overdraft Buffer | More Details |
|---|---|---|---|---|---|---|
| Abbey | Current Account | 6.00% | £1 | 19.90% | N/A | |
| Alliance & Leicester | Premier Direct | 6.00% | £1 | 0% | £2,000 |
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| Lloyds TSB Bank | Vantage Classic | 4.00% | £5,000 | 19.30% | N/A | |
| Lloyds TSB Bank | Classic Plus | 2.00% | £1,000 | 19.30% | N/A | |
| Coventry BS | Current Account | 1.10% | £1 | N/A | £250 | |
| Alliance & Leicester | Premier Account | 0.50% | £1 | 0% | £2,000 | |
| First Direct | 1st Account | 0.00% | £1 | 15.9% | £250 | |
| HSBC | Current Account | 0.00% | £1 | 19.90% | N/A | |
| The Co-operative Bank | Current Account Plus | 0.00% | £1 | 15.90% | £200 | |
| Barclays Bank | Bank Account | 0.00% | £1 | 17.90% | N/A | |
| Halifax | Reward Account | 0.00% | £1 | £1 per day | N/A | |
| Provider | Account | Offer | More Details |
|---|---|---|---|
| Alliance & Leicester | Premier 50 | 6.00% AER plus Health and Travel Benefits | |
| Provider | Account | Offer | More Details |
|---|---|---|---|
| First Direct | 1st Account | £100 when you open an account online | |
| Provider | Account | AER | Min. Balance | Overdraft Rate | Overdraft Buffer | More Details |
|---|---|---|---|---|---|---|
| Think Banking | Basic Account | 0.00% | £1 | N/A | N/A |
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| Provider | Account | AER | Min. Balance | Overdraft Rate | Overdraft Buffer | More Details |
|---|---|---|---|---|---|---|
| Bank of Scotland | Current Account | 0.00% | £5,000 | N/A | N/A |
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| Provider | Account | Offer | More Details |
|---|---|---|---|
| Citibank | Plus Account | Euro or US Dollar Current Account | |
| Provider | Account | Offer | More Details |
|---|---|---|---|
| Halifax | Ultimate Reward | 2.5% AER plus a range of Benefits | |
| Barclays Bank | Additions Active | £790 of annual benefits for just £14 a month | |
| The Co-operative Bank | Privilege Account | Benefits worth over £500 | |
| Barclays Bank | Bank Account Plus | £100 of annual benefits for just £3 a month | |
| HSBC Bank | Bank Account Plus | Free travel insurance and discounts | |
| Citibank | Plus Account | £421 worth of benefits | |
| Provider | Account | Offer | More Details |
|---|---|---|---|
| Abbey | Bank Account | 0% on overdrafts up to £5,000 for 12 months | |
| Alliance & Leicester | Premier Direct | 0% on overdrafts up to £2,000 for 12 months | |
| Provider | Account | Offer | More Details |
|---|---|---|---|
| Alliance & Leicester | Premier 21 | Aged 16 to 20 account paying 5.00% AER | |
| Provider | Account | Offer | More Details |
|---|---|---|---|
| Alliance & Leicester | Business Bank Account | Free Business Current Account | |
| Alliance & Leicester | Business Builder | 2 years free banking for start-up businesses | |
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