High Interest Current Accounts - Interest Up to 5% AER (2023)

Why we like it: OFFER: Switch your current account to NatWest and you could earn £200 within 7 days of meeting eligibility criteria. T&Cs Apply. *. An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable. *Use the Current Account Switch Service to close your current account held elsewhere and switch to NatWest. Apply online or via the NatWest app only. Pay in at least £1,250 and log in to the NatWest app within 60 days of account opening. NatWest will pay £200 into your open a NatWest current account within 7 days of meeting these criteria. If you’ve previously received a switching incentive from NatWest Group, you aren’t eligible. You can only receive this offer once. 18+ and UK resident. Offer T&Cs, account eligibility and app criteria apply. Offer may be withdrawn or amended at any time

Why we like it: OFFER: Switch your current account to Royal Bank and you could earn £200 within 7 days of meeting eligibility criteria. T&Cs Apply*. An everyday current account. Great money management tools with our mobile banking app. ‘Criteria Apply’. Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit Card. Limits apply. Arranged overdraft available (subject to eligibility). No monthly fee. Defaqto 5* rated. Must be 18 or older and UK resident. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable. *Use the Current Account Switch Service to close your current account held elsewhere and switch to Royal Bank. Apply online or via the Royal Bank app only. Pay in at least £1,250 and log in to the Royal Bank app within 60 days of account opening. Royal Bank will pay £200 into your open a Royal Bank current account within 7 days of meeting these criteria. If you’ve previously received a switching incentive from NatWest Group, you aren’t eligible. You can only receive this offer once. 18+ and UK resident. Offer T&Cs, account eligibility and app criteria apply. Offer may be withdrawn or amended at any time

Why we like it: OFFER: You could get £200 and earn monthly Rewards if you switch to the NatWest Reward account. T&Cs apply*. Earn up to £5 per month back: £4 in Rewards for 2 or more Direct Debits (2 of the Direct Debits need to be +£2 each) and £1 with 1 mobile app log in. £2 monthly fee applies. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable. *Apply online or via NatWest App using Current Account Switch Service. 18+, UK Resident. Play in £1250+ & log on to the app within 1st 60 days. £200 paid within 7 days of meeting criteria. If you’ve previously receive a switching incentive from NatWest Group, you aren’t eligible. Offer T&Cs, account eligibility & app criteria apply. Offer available once, may be withdrawn or amended. Earn up to £5 per month: £4 for 2 or more Direct Debits (£2+) & £1 for monthly app log in. £2/month fee.

Why we like it: OFFER: You could get £200 and earn monthly Rewards if you switch to the Royal Bank Reward account. T&Cs apply*. Earn up to £5 per month back: £4 in Rewards for 2 or more Direct Debits (2 of the Direct Debits need to be +£2 each) and £1 with 1 mobile app log in. £2 monthly fee applies. Earn Rewards that you can redeem as cash back, gift cards or e-codes with our retail partners. Great money management tools with our mobile banking app. ‘Criteria Apply’. Arranged overdraft available (subject to eligibility). Multiple ways to pay: Apple Pay, Google Pay™ and Contactless Visa Debit. Must be 18 or older and UK resident. Customers need to pay at least £1,250 into any eligible personal current account every month (excludes transfers between your own accounts). Must not currently hold 2 Reward accounts. Representative example: If you use an arranged overdraft of £1,200 you’ll be charged interest at 39.49% EAR variable. *Apply online or via Royal Bank of Scotland App using Current Account Switch Service. 18+, UK Resident. Play in £1250+ & log on to the app within 1st 60 days. £200 paid within 7 days of meeting criteria. If you’ve previously receive a switching incentive from NatWest Group, you aren’t eligible. Offer T&Cs, account eligibility & app criteria apply. Offer available once, may be withdrawn or amended. Earn up to £5 per month: £4 for 2 or more Direct Debits (£2+) & £1 for monthly app log in. £2/month fee.

Why we like it: No minimum monthly funding or monthly fee to maintain the account. Get cashback, vouchers, prize draws and other offers personalised to you when you use Santander Boosts (you must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking). Stress-free account switching in 7 days with the Current Account Switch Service. £300 ATM withdrawal per day, Arranged Overdraft facility (subject to status). Online and Mobile Banking with text and email alerts. Must be 18 or older and live in the UK permanently. 39.94% EAR overdraft charge.

Why we like it: SPECIAL OFFER - Get £175 when you switch to a First Direct 1st Account. You also get access to a 7% AER/gross fixed for 12 months Regular Saver Account if saving between £25 and £300 a month (up to £3,600 per year). £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. Mobile banking app. UK based contact centre. For the £175 switching cash offer you need to open a 1st Account, switch your everyday banking to us using the Current Account Switch Service and pay in at least £1,000 within three months of opening the account. This offer is only available to new First Direct customers, or HSBC customers who haven't opened an account since 1 January 2020

Why we like it: Earn 2.00% AER/1.98% gross (variable) interest on balances up to a maximum of £20,000. Earn up to 3% cashback every month on selected Household bills paid by Direct Debit, capped at up to £5 for each cashback tier each month. Get cashback, vouchers, prize draws and other offers personalised to you when you use Santander Boosts (you must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking). Monthly fee of £4. Cashback capped at £5 for each cashback tier each month. Must pay in £500 pm.

Why we like it: 5.00% AER fixed (4.89% gross pa) in-credit interest on balances up to £1,500 for the first 12 months. No monthly account fee. Interest-free arranged overdraft for 12 months. Access to mobile banking secure app. Manage all your Nationwide accounts in one place. View and search your transactions. Freeze and unfreeze your Visa Debit card. Report your card lost or stolen and order a new card. Manage your account online, by phone or in branch. Access to other Nationwide products by becoming a member of Nationwide. Current account members get access to exclusive savings accounts Must be 18 or older and a UK resident. Must pay a minimum of £1,000 into the account each month, from an external source (i.e. not another Nationwide account). After 12 months, an interest rate of 39.9% a year compounded (variable) will apply to your arranged overdraft.

Why we like it: SPECIAL OFFER: Get £200 when you switch to an HSBC Advance Account and get everything you need for everyday banking and more. T&Cs apply*. Earn 5.00% AER/gross when you save between £25 and £250 per month. Arranged overdraft limit of at least £1,000 on account opening. Money banking app. No monthly account fee. Easy switching with the Current Account Switch Service. Must deposit at least £1,500 into your new account within 60 days of opening it. Must be approved for an arranged overdraft of £1,000+. * Open an HSBC Advance Account, within 30 days use Current Account Switch Service to switch (with 2+ Direct Debits/standing orders) and in 60 days pay +£1,500 into the account. Once eligible, HSBC will pay £200 into your account within 20 days. Offer for new customers who haven’t held an HSBC current account or opened a First Direct current account since 1 January 2020. To be eligible for an HSBC Advance Account, you’ll need to be approved for £1,000+ arranged overdraft. Further offer and account T&Cs apply.

Why we like it: Earn 1% cashback every month on selected household bills paid by Direct Debit, capped at up to £10 each month and 1% cashback every month on supermarket and travel spend when you use your debit card, capped at £10 each month. Access to Santander Edge Saver with 3.50% AER / 3.45% gross (variable) interest up to £4,000 with 0.5% AER (variable) bonus rate for the first 12 months. Get cashback, vouchers, prize draws and other personalised offers when you use Santander Boosts (must have a personal Santander debit or credit card, be 18 years or over and be registered for Online and Mobile Banking). No fees or charges for international payments or CHAPS payments. Arranged overdraft interest rate of 39.94% APR/EAR (variable). For cashback offer you must pay a minimum of £500 into your account each month, have 2 active Direct Debits, be over 18 and live in the UK permanently. Paper-free account. £3 monthly fee

Why we like it: Free current account. Pays 0.05% AER interest on balances up to £85,000. Get set up in minutes.

Why we like it: Everyday current account. No monthly account fee. Access to mobile banking secure app. Manage all your Nationwide accounts in one place. View and search your transactions. Freeze and unfreeze your Visa Debit card. Report your card lost or stolen and order a new card. Access to other Nationwide products by becoming a member of Nationwide. Current account members get access to exclusive savings accounts. Must be 18 or older and a UK resident. 0% interest on any balance. 39.9% EAR overdraft charge.