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Did you know?
The number of credit cards in issue at the end of October was 66,555,000, of which 63.6% were active.
Source: British Bankers' Association (www.bba.org.uk)
Current Accounts
Current accounts quite simply allow you to keep your money in a bank and access it in a variety of ways. It's often not convenient to pay by cash or move your money around as cash but with cheque books, debit cards and online transfers it's possible to pay bills and make other payments directly from your current account.Read more...>
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Santander Preferred5% AER (fixed) for 12 months on balances up to £2,500 |
5% |
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| ** £100 cashback when you switch and pay in £1k/mth ** | |||
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Nationwide FlexAccountAccess a range of exclusive offers |
0% |
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| ** The account that gives you more for free ** | |||
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Natwest Select AccountFree everyday banking - no monthly charge |
0% |
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Compare Current Accounts
Like other accounts current accounts also allow you to receive money that's paid to you as a cheque or bank transfer.
Although there are some offer based exceptions, generally current accounts are not designed to be savings accounts so they do not pay a high rate of interest on the money in your account. The idea of a current account is not to so much to help you to save money as much as helping you to use your money easily.
Current accounts are not intended as access to easy loans so spending more than you have in the account and going overdrawn will result in penalties and overdraft charges which can be quite high. Some current accounts may include a small interest free overdraft facility but this is a special feature and not one generally available to current accounts.
All high street banks run current accounts for their customers and the differences between them can be hard to spot. Features such as overdraft facilities, interest rates on overdrafts, interest on remaining balance or higher interest on a balance over a certain amount may all be part of the choice.
New current account customers are much sought after by banks as they are more likely to go on to use other services from that bank, so introductory offers and incentives are often available to new customers.
Top Tips for Current Accounts Accounts
- Access is everything for a current account so make sure that the facilities match your needs
- You won't make much interest on a balance in your current account so consider transferring spare money to a high interest savings account
- Make sure you know what the overdraft conditions are. Accidentally slipping overdrawn can prove costly
- Check to see if your current account gives you discount or benefits on other banking services
Bank Account Blogs
- What new banks should we expect on our high streets soon? 7 Feb 2012 | Read More ›
- What does 2012 hold for UK personal finance? 18 Jan 2012
- A guide to student bank accounts 29 Sep 2011
- Opening your first bank account - what you need to know 29 Aug 2011
- Finding suitable Bank Accounts for Bad Credit 5 Jul 2011
Save an average of £144.51 on your energy bills
News
Bank overdraft charges come under fire
17-Jan-12
17-Jan-12
Overdraft charges on bank accounts have been criticised.
Product Offers
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.