Why should I open a bank account?
You probably already know about current accounts (and maybe you've decided they're not for you). But do you know that basic bank accounts are now available that help you manage your money?
With a basic bank account you can pay money in, get cash out by card and use the account to pay bills directly. You can take out or spend money only if there is enough in your account. Basic bank accounts don't usually let you overdraw by more than £10. But if you pay bills directly you need to make sure that there is enough money in your account to pay them. If not, the payment may not be paid and you may be charged a fee.
Check out some of the best online deals for current and savings accounts below.
Current bank accounts
| Company | Account Name | Features | Gross Rate | ||||||
| Premier Current | £25 cashback | 4.05% | Apply here | ||||||
| Current | £500 free overdraft | 0.1% | Apply here | ||||||
| Current | Strict Ethical Policy | 3.00% | Apply here | ||||||
| Current | Overdraft buffer | 3.69% | Apply here | ||||||
| Current | £50 Welcome Gift | 3.93% | Apply here | ||||||
| Current | £50 with bank switch | 1.98% | Apply here |
Savings bank accounts
| Company | Account Name | Interest payable | AER Rate | ||||||
| Savings | Annually | 4.95% | Apply here | ||||||
| Savings | Annually | 4.50% | Apply here | ||||||
| Savings | Monthly | 4.50% | Apply here | ||||||
| Savings | Annual or Monthly | 4.55% | Apply here | ||||||
| Savings | Monthly | 4.55% | Apply here |
For more information on business bank accounts, have a look at our business banking section.