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New Current Accounts

This comparison simply includes all savings accounts.

first direct
1st Account first direct
Open With £1
Account Type Current Account
Features £175 welcome bonus when you switch
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SPECIAL OFFER - Switch to a 1st Account and bank £175*.

Why we like it

Get access to a Regular Saver Account - Put away between £25 and £300 for a fixed 12 month term. If you save £300 every month for 12 months and qualify for the 7.00% AER/gross p.a. interest rate, you'll earn approximately £136.50 interest (gross). Interest is calculated daily and paid 12 months after you opened the account. AER stands for Annual Equivalent Rate. This shows you what the rate would be if interest were paid and compounded each year. Gross is the rate of interest if interest were paid and not compounded each year. No partial withdrawals allowed. Early closure will result in interest being paid at the standard account variable rate. £250 interest-free overdraft (subject to status). No minimum monthly funding and no monthly account fee. No first direct fees for when spending abroad, withdrawing cash from the UK or when making a debit card payment in a foreign currency in the UK. Mobile banking app. UK based contact centre. Representative Example: How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing. 0% EAR variable on the first £250, 39.9% EAR variable thereafter, giving a representative rate of 30.5% APR variable (assumed arranged overdraft £1,200). For customers with an offset mortgage linked to a 1st Account, the interest-free limit will not apply. *Open a 1st account on or after 9th September and before offer is withdrawn. Switch your everyday banking to using the Current Account Switch Service (CASS). Deposit a minimum of £1,000 (in single or multiple deposits) in your account and within 45 days of opening your first direct 1st Account. Complete a full CASS switch including at least two Direct Debits or Standing Orders must be made within 45 Days of us opening your first direct 1st Account. Register and Log onto digital banking, within 45 days of us opening your first direct 1st Account. Use your new 1st account debit card at least 5+ times. Be a new customer to first direct, who has not previously held a first direct product, or has opened an HSBC current account on or after 1 January 2018

Details

Type of Account Interest Paying
Minimum Age 18
UK Resident Yes
NatWest
Reward Account NatWest
Open With £1250
Account Type Current Account
Features £150 Switch Offer T&Cs Apply*
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SPECIAL OFFER - Switch your current account held elsewhere to the NatWest Reward Account using the Current Account Switch Service and get £150. Limited availability Offer. T&Cs and restrictions apply*

Why we like it

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 and lending criteria). 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: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% (variable). Assumed credit limit:  £1,200. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing of £500: Zero days (you’ve not yet used your overdraft) - you’d pay in total £0.00. One day - you’d pay in total £0.46. Five days - you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87. *Must request and complete a full switch of a current account that is not with NatWest, RBS, or Ulster Bank to your eligible account using the Current Account Switch Service online or via the mobile app from 11th March 2025. The switch must include closing your current account held elsewhere and moving any payment instructions to your eligible account, and within 60 days of your switch completing, you must pay £1,250 into your eligible account (this can be made of multiple payments into your eligible account), and log into the mobile app (this can be done on any device that supports the NatWest Mobile Banking App)

Details

Type of Account Reward
Minimum Age 18
UK Resident Yes
Santander
Everyday Current Account Santander
Open With £1
Account Type Current Account
Features Fee FREE Account every day banking needs
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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. 39.94% EAR overdraft charge.

Details

Type of Account Everyday
Minimum Age 18
UK Resident Yes
NatWest
Select Account NatWest
Open With £0
Account Type Current Account
Features Fee FREE Everyday Account
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Why we like it

Access to Digital Regular Saver - deposit £1-£150pm, 6.00% Gross/6.17% AER pa (variable) on 1st £5k, 1.49% Gross/1.50% AER pa above £5k. 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 and lending criteria). No monthly fee. Defaqto 5* rated. Assumed arranged overdraft of £1,200, 39.49% variable p.a. representative 39.5% APR variable. Representative example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% (variable). Assumed credit limit:  £1,200 To apply, you need to be 18+ and a UK resident. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing of £500: Zero days (you’ve not yet used your overdraft) - you’d pay in total £0.00.  One day - you’d pay in total £0.46. Five days - you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87.

Details

Type of Account Everyday
Minimum Age 18
UK Resident Yes
Royal Bank of Scotland
Select Account Royal Bank of Scotland
Open With £0
Account Type Current Account
Features Fee FREE Everyday Account
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Why we like it

Access to Digital Regular Saver - deposit £1-£150pm, 6.00% Gross/6.17% AER pa (variable) on 1st £5k, 1.49% Gross/1.50% AER pa above £5k. 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 and lending criteria). No monthly fee. Defaqto 5* rated. Assumed arranged overdraft of £1,200, 39.49% variable p.a. representative 39.5% APR variable. Representative example: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% (variable). Assumed credit limit:  £1,200 To apply, you need to be 18+ and a UK resident. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing of £500: Zero days (you’ve not yet used your overdraft) - you’d pay in total £0.00.  One day - you’d pay in total £0.46. Five days - you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87.

Details

Type of Account Everyday
Minimum Age 18
UK Resident Yes
Royal Bank of Scotland
Reward Account Royal Bank of Scotland
Open With £1250
Account Type Current Account
Features Earn Up to £5 in Rewards a month
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Why we like it

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 and lending criteria). 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: Effective Annual Rate: 39.49% EAR (variable). Representative APR: 39.49% (variable). Assumed credit limit:  £1,200. The monthly cap on unarranged overdraft charges for our standard adult current accounts is £18.80. What’s the cost of borrowing of £500: Zero days (you’ve not yet used your overdraft) - you’d pay in total £0.00. One day - you’d pay in total £0.46. Five days - you’d pay in total £2.31. Seven days - you’d pay in total £3.24. Thirty days – you’d pay in total £13.87

Details

Type of Account Reward
Minimum Age 18
UK Resident Yes
Santander
Edge Current Account Santander
Open With £500
Account Type Current Account
Features Get 1% Cashback on selected houshold bills Plus access to a 6% savings account
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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 6.00% AER / 5.84% gross (variable) interest up to £4,000 with 2.00% AER /1.98% gross (variable) bonus rate for the 12 months from opening. 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

Details

Type of Account Interest Paying
Minimum Age 18
UK Resident Yes
Santander
Edge Up Current Account Santander
Open With £1500
Account Type Current Account
Features 3.50% AER Interest on balances up to £25,000
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Why we like it

3.50% AER/3.45% gross (variable) on balances up to £25,000. 1% cashback (up to £15 a month) on selected household bills when you pay by Direct Debit. 1% cashback (up to £15 a month) at supermarkets and on travel costs when you use your debit card (exclusions apply). Make international payments with no extra fees (the bank receiving the payment may still apply charges). There's also no charge for making CHAPS payments from this account. No fees for using Santander Edge Up debit card to withdraw cash and make payments outside the UK in the local currency. Get cashback, vouchers, prize draws and personalised offers with Santander Boosts , free rewards service. Online and Mobile Banking available with text and email alerts. £5 monthly fee for maintaining the account that will automatically be taken from the account each month. Must pay a minimum of £1,500 into the account each month. Must have 2 active Direct Debits. Arranged overdraft facility (subject to status). If you use an arranged overdraft you’ll be charged an interest rate of 39.94% APR / EAR (variable). Online and Mobile Banking available with text and email alerts

Details

Type of Account Interest Paying
Minimum Age 18
UK Resident Yes
Suits Me
Personal Account Suits Me
Open With £0
Account Type Current Account
Features Apply without a credit check or proof of address
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Why we like it

An alternative banking solution, offering banking services to people who find it hard to open a regular bank account because of their low credit score. Open an account in 10 minutes without a credit check or proof of address. Get your contactless Mastercard® debit card in 3-5 working days. Choose from three account options: ‘Essential’, ‘Premium’ and ‘Premium Plus'. You can manage your account on the go using the online banking app. Make transfer payments from your e-money account whenever, wherever. You can also set up and manage your Direct Debits and Standing Orders. Get access to exclusive partner deals. Shop and earn with your Suits Me card in-store, online or over the phone you can earn cashback rewards, with no limit. Access to a dedicated Customer Account Manager so you have someone who understands your account and your needs. Your money is protected up to £85,000 by the FSCS. Monthly account fee ranges from free to £9.97 depending on account chosen. Refer your friends to apply and use their Suits Me card, and earn £50 per friend. No limit on the number of friends you refer

Details

Type of Account Adverse Credit
Minimum Age 18
UK Resident Yes
Santander
123 Mini Current Account Santander
Open With £0
Account Type Childrens Current Account
Features Children 17 or under 3% AER Interest (T&Cs)
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Why we like it

Children's current account. Can be opened by or on behalf of any child up to the age of 17. 1% interest on the entire balance once the balance up to £999.99. 2.00% AER/1.98% gross (variable) on the entire balance once the balance is £1,000 to £1,499.99. 3.00% AER/2.96% gross (variable) on the entire balance once the balance is £1,500 to £2,000. Debit or cash card available for those aged between 13 and 17. Monthly interest. No monthly fee. For children under age 13, the account must be opened in trust and managed by an adult (trustee) T&C's apply. If you’re aged between 13 and 17 years old and live permanently in the UK you can apply online by telephone or in branch. No overdraft facility

Details

Type of Account Child
Minimum Age 13
UK Resident Yes
Santander
Edge Student Current Account Santander
Funding required (each academic term) £500
Account Type Student Bank Account
Features Free 4-year Railcard worth £100
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Why we like it

A free 4-year Santander 16-25 Railcard worth £100 plus a total average saving of £768 (average saving of £192 per year). An interest-free and fee-free Arranged Overdraft, up to £1,500 in years 1-3, then up to £2,000 if you stay on to year 5 (Subject to status). 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). No monthly account fee. Must be over 18 and live in the UK permanently Must be studying or are about to begin an undergraduate course that is at least 2 years in length, or level 4 to 7 apprenticeship. If you’re about to begin your course, you must have an ‘unconditional’ or ‘confirmed conditional’ offer (i.e. you have your exam results) before you apply. You must pay in at least £500 every 4 months and must not already have an existing Santander current account. If you do, you’ll need to transfer it

Details

Type of Account Student
Minimum Age 18
UK Resident Yes
Emma
Money Management App Emma
Monthly Fee £0
Account Type Money Management App
Features Take back ‍control of your money: Track all your accounts in one place and budget in the 21st century
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Why we like it

All in One Money Management App for Banking, Budgeting, Saving, Borrowing, Investing and more. Track all your bank accounts in one place: Connect more than 30+ banks in the UK to see where your money goes. Start saving with Emma Pots: Earn up to 3.98% AER when opening an Easy Access Pot (FSCS protected). Get cashback at more than 500+ retailers across the UK. Pay anyone instantly: Send and request money by sending payment links or QR codes. Move money across multiple banks, split a purchase, or top up your investment account in seconds. Invest in over 1,000 US stocks (low minimum investment £1), Capital at risk. Personal loan available: Emma Borrow can help you improve your credit history or find credit from a panel of over 60 lenders. Credit cards comparison service: Find the best credit card deals without affecting your credit score. Get a standard Emma Plan for free: Join 1.6 million people working towards a better financial life. Other plans available with enhanced features with extra associated costs

Details

Type of Account Money Management
Minimum Age 18
UK Resident Yes
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New Current Accounts

New accounts appear often as banks try and attract new customers.

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Simplysavingsaccounts.co.uk is a trading style of Fair Investment Company Ltd.

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