Best Bank Accounts

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

High Interest Current Accounts

Classic Plus
Interest Rate (AER)

3.00%

Account Fee

None

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.
Reward Current Account - Funded
Interest Rate (AER)

0.00%

Account Fee

None

Additional information
  • £75 cashback for switched accounts
  • Arranged overdraft fee up to £3 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. Overdraft fee of £1.00 Per Day.
FlexDirect - Funded
Interest Rate (AER)

5.00%

Account Fee

None

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
Interest Rate (AER)

3.00%

Account Fee

None

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.
FlexPlus
Interest Rate (AER)

3.00%

Account Fee

£13.00 pm

Additional information
  • Existing customers who refer a friend both receive £100 when switching completed
  • Arranged overdraft is fee based
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Up to £250.00 Overdraft fee of £0.00 Per Day. Over £250.00 Overdraft fee of £0.50 Per Day.
Classic - with Vantage
Interest Rate (AER)

2.00%

Account Fee

None

Additional information
  • Commission free travel money
  • High overdraft interest rate
  • 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 19.89% EAR Variable. Up to £25.00 Overdraft fee of £0.00 Per Month. Over £25.00 Overdraft fee of £6.00 Per Month.
Club Lloyds
Interest Rate (AER)

2.00%

Account Fee

£3.00 pm

Additional information
  • Credit interest payable up to £5,000
  • High overdraft charges
  • 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 19.89% EAR Variable. Up to £100.00 Overdraft fee of £0.00 Per Month. Over £100.00 Overdraft fee of £6.00 Per Month.
Platinum - with Vantage
Interest Rate (AER)

2.00%

Account Fee

£17.00 pm

Additional information
  • Flat rate of credit interest up to £5,000
  • £6 pm fee for arranged overdrafts over £300
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500. Up to £300.00 charged at 0.00% EAR Variable. Over £300.00 charged at 19.89% EAR Variable. Up to £300.00 Overdraft fee of £0.00 Per Month. Over £300.00 Overdraft fee of £6.00 Per Month.
123 Current Account
Interest Rate (AER)

1.50%

Account Fee

£5.00 pm

Additional information
  • Interest paid on credit balances up to £20K
  • Arranged overdraft daily usage fee
  • Switch Service Guarantee member
Representative Example: Based on an overdraft limit of £500 charged at 0.00% EAR Variable. Overdraft fee of £1.00 Per Day.
B Current Account - Age 18 and over
Interest Rate (AER)

0.25%

Account Fee

None

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.

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.

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