Our guide to the best bank account for you

 

A current account is a type of bank account. It lets you carry out your everyday banking transactions. This includes having your salary put in, taking cash out, setting up Direct Debits and standing orders.

To find the best current accounts you need to know what you need from your current account. You'll then need to think about the different types of current account providers out there, and the different benefits they offer. You could get a current account from a traditional high street bank or building society. Or you could choose to do online banking with a current account from an online-only or app-based bank. 

What features might different current accounts have?

Overdrafts: These let you borrow money using your current account. When you spend more money than you have in your bank account, you use your overdraft. Your balance is then negative until you pay it back. 

Interest: The best current accounts pay you monthly or yearly interest on your balance. But you'll only earn interest when you have money in your account. 

Rewards: Some current accounts give you rewards, like cashback, when you use your debit card or pay your bills from your current account. 

Packaged current accounts: Sometimes, a UK current account will include extra features. This could include insurance or breakdown cover. These kind of current accounts charge a monthly or annual fee. 

Also, if you'd like to open a joint current account with your partner, housemate or family member, it can be a good way to share expenses or bills. You can open it with two or more people, and each person gets a card for the account.