Best Bank Accounts

Compare the best free bank accounts as chosen by our team of independent experts.

Free Bank Accounts

Reward Current Account - Funded
Overdraft Rate (EAR)

0.00% / Fee: Per Day

Interest Rate (AER)

0.00%

Additional information
  • £75 cashback for switched accounts.
  • Arranged overdraft fee £0.01 per £7.00 per day
  • £3 reward when £750 per month paid in and 2 different Direct Debit mandates held, account must be in credit at the end of each day
Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £6.99 overdraft: fee of £0.00 per day. Over £6.99 overdraft: fee of £0.01 per day for each complete £7.00 overdrawn.
FlexDirect - Funded
Overdraft Rate (EAR)

0.00% / Fee: £0.50 Per Day

Interest Rate (AER)

5.00%

Additional information
  • Existing customers who refer a friend both receive £100 when switching completed
  • At least £1,000 must be paid in each month
  • Access to Simply Rewards an exclusive website offering discounts and deals
Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £10.00 overdraft: fee of £0.00 per day. Over £10.00 overdraft: fee of £0.50 per day.
Current Account - Current Account - Funded
Overdraft Rate (EAR)

18.90% / Fee: £0.00

Interest Rate (AER)

3.00%

Additional information
  • Credit interest paid and Clubcard points awarded on card purchases
  • Internet applications only
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.
Classic Plus
Overdraft Rate (EAR)

19.84% / Fee: £6.00 Per Month

Interest Rate (AER)

3.00%

Additional information
  • £5 paid if 2 DDs held, further £5 if 20 debit card transactions made in a month
  • Credit interest payable on balances up to £1.5K when account is registered for online banking, paperless statements & correspondence
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500. Up to £25.00 charged at 0.00% EAR Variable. Over £25.00 charged at 19.84% EAR Variable. Up to £25.00 overdraft: fee of £0.00 per month. Over £25.00 overdraft: fee of £6.00 per month.
Classic - with Vantage
Overdraft Rate (EAR)

0.00% / Fee: Per Day

Interest Rate (AER)

2.00%

Additional information
  • Commission free travel money
  • £0.01 for every £7 borrowed per day
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £6.99 overdraft: fee of £0.00 per day. Over £6.99 overdraft: fee of £0.01 per day for each complete £7.00 overdrawn.
B Current Account - Age 18 and over
Overdraft Rate (EAR)

12.50% / Fee: £6.00 Per Month

Interest Rate (AER)

0.25%

Additional information
  • Credit interest payable up to £2,000
  • Fees charged for arranged overdraft usage.
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 12.50% EAR Variable. Overdraft fee of £6.00 per month.
Standard Account
Overdraft Rate (EAR)

14.90% / Fee: £0.00

Interest Rate (AER)

0.00%

Additional information
  • No funding requirement. No overdraft fees
  • No credit interest and no account benefits
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 14.90% EAR Variable. Overdraft fee of £0.00 per month.
M&S Current Account
Overdraft Rate (EAR)

15.90% / Fee: £0.00

Interest Rate (AER)

0.00%

Additional information
  • Low arranged overdraft interest rate
  • No interest paid on credit balances
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500. Up to £100.00 charged at 0.00% EAR Variable. Over £100.00 charged at 15.90% EAR Variable. Overdraft fee of £0.00 per month.
Current Account - Age 18 and over Funded
Overdraft Rate (EAR)

18.90% / Fee: £0.00

Interest Rate (AER)

0.00%

Additional information
  • Cashback on operating account
  • No interest free overdraft buffer
  • Monthly funding of £800 required
Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 per month.
Select Account
Overdraft Rate (EAR)

19.89% / Fee: £6.00 Per Month

Interest Rate (AER)

0.00%

Additional information
  • No minimum funding required
  • High rate of interest on overdrafts
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 19.89% EAR Variable. Up to £10.00 overdraft: fee of £0.00 per month. Over £10.00 overdraft: fee of £6.00 per month.

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply online today. Products shown with a yellow background are sponsored products.

Disclaimer:
All overdrafts are subject to the applicant’s status. You may not be offered credit. All rates and fees are subject to change without notice. Please check all rates and terms before borrowing.

Moneyfacts.co.uk Limited is an independent credit broker not a lender. We will receive a payment from credit providers where customers link to them from Moneyfacts.co.uk. None of these arrangements affects our independence