Best Bank Accounts

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

Free Bank Accounts

Classic Plus
Overdraft Rate (EAR)

19.84% / Fee: £6.00 Per Month

Interest Rate (AER)

5.00%

Additional information
  • Credit interest payable on balances up to £1.5K when account is registered for online banking, paperless statements & correspondence
  • High arranged overdraft interest rate plus monthly usage fee
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500. Up to £35.00 charged at 0.00% EAR Variable. Over £35.00 charged at 19.84% EAR Variable. Up to £35.00 overdraft: fee of £0.00 per month. Over £35.00 overdraft: fee of £6.00 per month.
FlexDirect - Funded
Overdraft Rate (EAR)

0.00% / Fee: £0.50 Per Day

Interest Rate (AER)

5.00%

Additional information
  • 5% AER credit interest on balances up to £2.5K for first 12 months
  • At least £1,000 must be paid in each month
  • Earn up to £500 per year through recommend a friend scheme
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.
Reward Current Account - Funded
Overdraft Rate (EAR)

0.00% / Fee: Per Day

Interest Rate (AER)

0.00%

Additional information
  • Earn up to 15% cashback from selected retailers when shopping with a Halifax credit or debit card
  • High daily arranged borrowing charges
  • £2 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. Overdraft fee of £0.01 per day for each complete £6.00 overdrawn.
Classic - with Vantage
Overdraft Rate (EAR)

0.00% / Fee: Per Day

Interest Rate (AER)

1.50%

Additional information
  • Flat rate of credit interest up to £5,000
  • High daily arranged borrowing charges
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £0.01 per day for each complete £6.00 overdrawn.
Current Account - Current Account - Funded
Overdraft Rate (EAR)

18.90% / Fee: £0.00

Interest Rate (AER)

1.00%

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.
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
Overdraft Rate (EAR)

15.00% / Fee: £0.00

Interest Rate (AER)

0.50%

Additional information
  • Tiered credit interest payable on balances up to £85K
  • Applications via app only
  • Swtich Service Gurantee member
Representative Example: Based on an overdraft limit of £500 charged at 15.00% EAR Variable. Overdraft fee of £0.00 per month.
Current
Overdraft Rate (EAR)

18.90% / Fee: £0.00

Interest Rate (AER)

0.00%

Additional information
  • Eligible for preferential savings rates
  • No credit interest paid
  • 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.
FlexAccount - Funded
Overdraft Rate (EAR)

18.90% / Fee: £0.00

Interest Rate (AER)

0.00%

Additional information
  • Earn up to £500 per year through recommend a friend scheme
  • Must fund account at least £750 each month
  • 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.
Current Account - with Everyday Rewards Age 18 and over
Overdraft Rate (EAR)

18.90% / Fee: £0.00

Interest Rate (AER)

0.00%

Additional information
  • Cashback on operating account
  • No credit interest paid
  • £4 reward when £800 per month paid in and 4 different Direct Debit mandates held, account must remain within agreed arranged overdraft limit
Representative Example: Based on an overdraft limit of £500 charged at 18.90% EAR Variable. Overdraft fee of £0.00 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