Compare Latest Current Account Deals
Switching current account to Clydesdale Bank
Why we like it: Interest paid annually. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must be UK resident and be aged 18 or older
Why we like it: Instant access to your savings. Unlimited deposits and withdrawals. Interest paid monthly, either to a linked current account, or adding it to your Online Flexi Saver account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Must be aged 18 or older and have a UK address. Must have a linked UK current account. Your eligible deposits with Investec Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: Which? Recommended Savings Provider. No notice period. Deposit from £100. Interest paid monthly or annually. Apply in minutes. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services. Compensation Scheme (FSCS)
Why we like it: Unlimited payments and withdrawals. Interest paid annually. Open in a single or a joint name. Maximum deposit £250,000. FSCS Protected. Winner of Platinum Feefo Trusted Service Award in 2024. Must be UK resident and be aged 18 or older
Why we like it: Interest calculated monthly. Unlimited deposits and withdrawals. Open and manage online. FSCS Protected. Must retain a minimum balance of £20,000 in the account. Must be UK resident and be aged 18 or older
Why we like it: All funds deposited into the RCI Bank E-Volve Savings 14 Day Notice Account will be used to fund pure electric vehicles and charging facilities. Interest paid monthly or annually. Manage account online. UK-based support, seven days a week. Which? Recommended Savings Provider. Unlimited withdrawals subject to 14 days notice. Must be UK resident. Must be aged 18 or older. Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS)
Why we like it: The interest rate tracks the Bank of England (BoE) Base Rate. Interest is calculated on the minimum daily balance and applied to the account on the first day of every subsequent month. Open and manage account online. Your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme. The maximum deposit you may pay into any one OakNorth Account is £500,000. The maximum amount (excluding the interest) that you will be allowed to hold on deposit with OakNorth Bank across multiple accounts is also £500,000. Unlimited withdrawals, subject to 95 days notice. Available to individuals, aged 18 or over, who are UK residents
Why we like it: Unlimited deposits and withdrawals. Interest paid monthly: can be added to your Notice Saver or paid to your linked account. Easy application process, you just need a UK mobile phone and UK driving licence or passport. Manage account online. Maximum balance £250,000. Withdrawals subject to 90 days notice. Must be aged 18 or older and have a UK address. Must have a linked UK current account
Why we like it: 3 penalty-free withdrawals in a 12 month period. 3.82% AER (variable tracker) + 0.68% AER 12 month boost. 3.75% gross variable tracker. Interest paid monthly. Deposit and withdraw almost instantly. No fees or charges for holding account. FSCS eligible on your deposits. After 3 withdrawals within a 12 month period the rate will revert to either 3.40% AER (variable tracker with boost applied) or 2.72% AER (variable tracker) for the remainder of the 12 month period since opening the account. Must be UK resident. Must be aged 18 or older
Why we like it: 9 month term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Why we like it: Interest paid on maturity. Automatic repayment to your linked account. Maximum deposit £250,000. FSCS Protected. Must have a UK residential address and be aged 18 or older. No withdrawals permitted
Why we like it: 1 year term, minimum deposit £1,000, no withdrawals permitted. FSCS Protected
Clydesdale Bank current account review
Clydesdale Bank is a Scottish bank that offers a number of different current accounts aimed at different types of customers.
Clydesdale’s current account are:
Current Account Plus – This basic current account comes with an optional overdraft and access to Savings Account Plus. This means you can earn interest on all of your savings, while making it fast and easy to transfer money quickly back and forth from your current account to your savings account.
B Current – A combined current account, instant savings account and app; this offers a forward-thinking, convenient way to manage your spending and saving. The account comes with no monthly fee.
Signature Current Account – A current account for those who want a wide range of benefits with their banking. For an account fee of £13.50 a month, you get family travel insurance, UK breakdown cover, mobile phone, gadget insurance, ID defender and discounts from a range of high street shops.
Readycash Account – This current account is aimed at customers aged 16+ and those who are otherwise not eligible for a standard current account, including those with previous financial issues. It offers basic banking facilities to help you get started with managing your finance or get back on your feet.
Private Current Account – If you earn over £75,000 a year, have a joint income of over £100,000 or own in excess of £100,000 in investable assets, you may qualify for this elite current account. You will get a dedicated relationship manager and various other benefits in exchange for £25 per month account fee.
Current Account Control – This accounts offer to stop any payments which would result in you paying unplanned borrowing fees for an account fee of £7.50 per month.
Things to consider when switching current account
There are various reasons to choose a current account and which factors matter most to you will depend on your banking needs and personal circumstances. The following are some of the key points to consider:
Switching incentives – A number of leading current accounts offer incentives, including cash bonuses, to encourage you to switch your banking to them. To qualify, you will normally have to use the Current Account Switch Service and move you every day banking to your new provider.
Interest rates – There are two interest rates to think about when opening a bank account – the one you will earn on your savings and the one you will pay on your overdraft. Which of these is most significant to you will depend on whether you are more of a saver or a spender.
Cashback – Many current accounts now offer cashback, which can generally be earned monthly. For example, the TSB Classic Plus Account allows you to earn up to £120 cashback a year for having active monthly Direct Debits and using your debit card regularly. Alternatively, Santander 1|2|3 Current Account offers cashback on household bills paid through the account which can quickly add up.
Additional benefits – Current account often offer extra benefits, either as standard or as add-ons. Free insurance is common, as are other freebies such as internet security software.
Compare current accounts
Take a look at the range of current accounts presently on offer from all the leading providers across the market right now to see which offers the best deal for you.
