High Interest Current Account

Compare UK Current Account Deals That Pay High Interest
Account
first direct 1st Account
Switch Offer
£175 welcome bonus
when you switch to a 1st Account
Funding Required
No monthly minimum
Interest Rate
Access to 7% AER/Gross on Regular Savings*
Account Fee
FREE

SPECIAL OFFER – Switch to a 1st Account and bank £175**

Account
NatWest Select Current Account
Features
Everyday current account
Funding Required
No minimum
Account fee
No fee
Account
Royal Bank of Scotland Select Current Account
Features
Everyday current account
Funding Required
No minimum
Account fee
No fee
Account
Santander Edge Current Account
Switch Offer
Earn £150 cash
when you switch to a Santander Edge current account
Funding Required
£500 per month
Features
Earn cashback every month on selected household bills and essential spend, plus get access to an exclusive savings account paying 6% AER
Account fee
£3 per month

Earn £150 cash when you switch to a Santander Edge current account. To receive the £150, simply open an account, set up 2 direct debits and pay in £1,500 within 60 days. T&Cs apply*

 

SPECIAL OFFER: If you spend a total of £500 using your Santander debit or credit Mastercard, between 4 November and 4 December 2024, you’ll be entered into our Christmas prize draw where you could win 1 of 24 prizes. T&Cs Apply

Account
Santander Edge Up Current Account
Switch Offer
Earn £150 cash
when you switch to a Santander Edge Up current account
Funding Required
£1,500 per month
Features
3.00% AER (2.96% gross variable) on balances up to £25,000, and up to 1% cashback on household bills, supermarket and travel costs (exclusions apply)
Account Fee
£5 pm

Earn £150 cash when you switch to a Santander Edge Up current account. To receive the £150, simply open an account, set up 2 direct debits and pay in £1,500 within 60 days. T&Cs apply*

SPECIAL OFFER: If you spend a total of £500 using your Santander debit or credit Mastercard, between 4 November and 4 December 2024, you’ll be entered into our Christmas prize draw where you could win 1 of 24 prizes. T&Cs Apply

Account
Santander Everyday Current Account
Switch Offer
Earn £150 cash
when you switch to a Santander Everyday current account
Funding Required
No minimum
Features
The current account for your every day banking needs
Account Fee
No fee

Earn £150 cash when you switch to a Santander Everyday current account. To receive the £150, simply open an account, set up 2 direct debits and pay in £1,500 within 60 days. T&Cs apply*

SPECIAL OFFER: If you spend a total of £500 using your Santander debit or credit Mastercard, between 4 November and 4 December 2024, you’ll be entered into our Christmas prize draw where you could win 1 of 24 prizes. T&Cs Apply

Account
first direct 1st Account
Switch Offer
£175 welcome bonus
when you switch to a 1st Account
Funding Required
No monthly minimum
Interest Rate
Access to 7% AER/Gross on Regular Savings*
Account Fee
FREE

SPECIAL OFFER – Switch to a 1st Account and bank £175**

Account
Santander Edge Current Account
Switch Offer
Earn £150 cash
when you switch to a Santander Edge current account
Funding Required
£500 per month
Features
Earn cashback every month on selected household bills and essential spend, plus get access to an exclusive savings account paying 6% AER
Account fee
£3 per month

Earn £150 cash when you switch to a Santander Edge current account. To receive the £150, simply open an account, set up 2 direct debits and pay in £1,500 within 60 days. T&Cs apply*

 

SPECIAL OFFER: If you spend a total of £500 using your Santander debit or credit Mastercard, between 4 November and 4 December 2024, you’ll be entered into our Christmas prize draw where you could win 1 of 24 prizes. T&Cs Apply

Account
Santander Edge Up Current Account
Switch Offer
Earn £150 cash
when you switch to a Santander Edge Up current account
Funding Required
£1,500 per month
Features
3.00% AER (2.96% gross variable) on balances up to £25,000, and up to 1% cashback on household bills, supermarket and travel costs (exclusions apply)
Account Fee
£5 pm

Earn £150 cash when you switch to a Santander Edge Up current account. To receive the £150, simply open an account, set up 2 direct debits and pay in £1,500 within 60 days. T&Cs apply*

SPECIAL OFFER: If you spend a total of £500 using your Santander debit or credit Mastercard, between 4 November and 4 December 2024, you’ll be entered into our Christmas prize draw where you could win 1 of 24 prizes. T&Cs Apply

Account
Chase Current Account
Features
1% cashback on your everyday debit card spending for your first 12 months. Cashback exceptions and limits apply. Plus access to a 3.50% AER easy access saver account
Funding Required
No monthly minimum
Account fee
FREE
Account
Emma Money Management App
Features
Take back ‍control of your money: Track all your accounts in one place and budget in the 21st century
Standard Account Fee
FREE
Account
Chase Current Account
Features
1% cashback on your everyday debit card spending for your first 12 months. Cashback exceptions and limits apply. Plus access to a 3.50% AER easy access saver account
Funding Required
No monthly minimum
Account fee
FREE
Account
Currensea Travel Debit Card
Features
Spend in confidence, whilst saving money on your overseas purchases
Spend & Transfer Money Abroad
Account fee
FREE
Account
Suits Me Bank Account
Features
Get instant access to a UK account in minutes. No credit checks! Just 10 minutes to apply. Receive and send payments to and from your account via the app, and earn with exclusive cashback rewards & partner deals
Adverse Credit
Account
Chase Current Account
Features
1% cashback on your everyday debit card spending for your first 12 months. Cashback exceptions and limits apply. Plus access to a 3.50% AER easy access saver account
Funding Required
No monthly minimum
Account fee
FREE
Account
Santander Edge Current Account
Switch Offer
Earn £150 cash
when you switch to a Santander Edge current account
Funding Required
£500 per month
Features
Earn cashback every month on selected household bills and essential spend, plus get access to an exclusive savings account paying 6% AER
Account fee
£3 per month

Earn £150 cash when you switch to a Santander Edge current account. To receive the £150, simply open an account, set up 2 direct debits and pay in £1,500 within 60 days. T&Cs apply*

 

SPECIAL OFFER: If you spend a total of £500 using your Santander debit or credit Mastercard, between 4 November and 4 December 2024, you’ll be entered into our Christmas prize draw where you could win 1 of 24 prizes. T&Cs Apply

Account
Santander Edge Up Current Account
Switch Offer
Earn £150 cash
when you switch to a Santander Edge Up current account
Funding Required
£1,500 per month
Features
3.00% AER (2.96% gross variable) on balances up to £25,000, and up to 1% cashback on household bills, supermarket and travel costs (exclusions apply)
Account Fee
£5 pm

Earn £150 cash when you switch to a Santander Edge Up current account. To receive the £150, simply open an account, set up 2 direct debits and pay in £1,500 within 60 days. T&Cs apply*

SPECIAL OFFER: If you spend a total of £500 using your Santander debit or credit Mastercard, between 4 November and 4 December 2024, you’ll be entered into our Christmas prize draw where you could win 1 of 24 prizes. T&Cs Apply

Account
Card One Money Current Account
Features
No credit checks - open to everyone with guaranteed acceptance. Help manage your money. Account comprises of a Billing Account for money in and to pay your bills from, plus a Debit Mastercard for your every day spending
Adverse Credit
Cashback
Account
Santander Edge Student Current Account
Features

A free 4-year Santander 16-25 Railcard worth £100 plus a total average saving of £768 (average saving of £192 per year)

Funding Required
£500 every 4 months
Overdraft
£1,500 Interest Free increasing to £2,000. Subject to status
Account
first direct 1st Account
Switch Offer
£175 welcome bonus
when you switch to a 1st Account
Funding Required
No monthly minimum
Interest Rate
Access to 7% AER/Gross on Regular Savings*
Account Fee
FREE

SPECIAL OFFER – Switch to a 1st Account and bank £175**

Account
NatWest Select Current Account
Features
Everyday current account
Funding Required
No minimum
Account fee
No fee
Account
Royal Bank of Scotland Select Current Account
Features
Everyday current account
Funding Required
No minimum
Account fee
No fee
Account
Santander Everyday Current Account
Switch Offer
Earn £150 cash
when you switch to a Santander Everyday current account
Funding Required
No minimum
Features
The current account for your every day banking needs
Account Fee
No fee

Earn £150 cash when you switch to a Santander Everyday current account. To receive the £150, simply open an account, set up 2 direct debits and pay in £1,500 within 60 days. T&Cs apply*

SPECIAL OFFER: If you spend a total of £500 using your Santander debit or credit Mastercard, between 4 November and 4 December 2024, you’ll be entered into our Christmas prize draw where you could win 1 of 24 prizes. T&Cs Apply

Account
first direct 1st Account
Switch Offer
£175 welcome bonus
when you switch to a 1st Account
Funding Required
No monthly minimum
Interest Rate
Access to 7% AER/Gross on Regular Savings*
Account Fee
FREE

SPECIAL OFFER – Switch to a 1st Account and bank £175**

Account
Emma Money Management App
Features
Take back ‍control of your money: Track all your accounts in one place and budget in the 21st century
Standard Account Fee
FREE
Account
Santander 1|2|3 Mini Current Account
Features
3% interest AER
(2.96% gross)
Interest Earned Between
£1,500 to 2,000
Minimum Deposit
No minimum
Account
NatWest Rooster Money Child's Pre-Paid Bank Account
Features
A head start with money - Kids' prepaid debit card and pocket money app. Teaching them good life lessons for the future
Covered Under the FSCS
Monthly Fee
From zero to £1.99
Account
Go Henry Kid's Bank Account
Features
The kids' prepaid debit card & financial education app
Covered Under the FSCS
Monthly Fee
£2.99
Account
Santander Edge Student Current Account
Features

A free 4-year Santander 16-25 Railcard worth £100 plus a total average saving of £768 (average saving of £192 per year)

Funding Required
£500 every 4 months
Overdraft
£1,500 Interest Free increasing to £2,000. Subject to status
Account
Suits Me Bank Account
Features
Get instant access to a UK account in minutes. No credit checks! Just 10 minutes to apply. Receive and send payments to and from your account via the app, and earn with exclusive cashback rewards & partner deals
Adverse Credit
Account
Card One Money Current Account
Features
No credit checks - open to everyone with guaranteed acceptance. Help manage your money. Account comprises of a Billing Account for money in and to pay your bills from, plus a Debit Mastercard for your every day spending
Adverse Credit
Cashback
Account
Airwallex Business Account
Details
All-in-one multi-currency business account for your global payments and financial operations
Debit Card
Monthly Account Fee
FREE

Earn 10% cashback on your first $1,000 of international transactions with Airwallex*

Account
Wallester Business Account
Details
Physical and virtual corporate cards for efficient financial management
Debit Card
Monthly Fee
FREE (for basic plan)
Account
Ampere Business Current Account
Details
Open a business account in minutes, giving you complete control of your funds from one app. Ampere offer the lowest exchange rates and lightning-fast transactions for secure payments
Debit Card
Monthly Account Fee
£20

Account
Tide Business Current Account
Details
Access to Instant Saver Account paying 4.33% AER. For companies of all shapes and sizes. Trusted by 130,000+ UK businesses
Debit Card
Monthly Account Fee
FREE

Access to Instant Saver Account paying 4.33% AER*

*Open a free Tide business current account using referral code FAIRINVESTMENT and you can then open a Tide Instant Saver account in-app and start saving from just £1 (T&Cs apply)
Account
OuiTrust Business Bank Account
Details
Open your multi-currency business account in minutes. Save money on international payments
Debit Card
Monthly Account Fee
FREE to Start

Account
Zempler Business Account
Details
Sign up in minutes for Business Bank Account with no monthly or annual fee
Debit Card
Monthly Account Fee
No Monthly Fee
Account
Card One Business Account
Details
Apply in minutes with no credit checks. Card One just need to verify your identity & residency. Suitable for businesses of all sizes
Debit Card
Monthly Account Fee
£12.50
Account
Anna Business Current Account
Details
ANNA Money is the business current account for startups, small businesses and sole traders
Debit Card
Monthly Account Fee
FREE for 6 months*
Account
Currensea Business Money Transfer Account
Services Offered
Currensea is a new way to globalise existing business bank accounts. Pay in every currency without the fees
Fee
No fee or commission

There are no tables for this criteria

With the Bank of England Base Rate falling to historical lows over the last 5 years, there are not many current account providers who pay what you would call high interest on the account balance.

While the Base Rate increased last month by 0.25% banks are in no hurry to pass this rate rise onto customers.

Typically most banks and building societies pay either a nominal amount of interest or no interest at all.

Some providers will pay higher interest on the first say £1,000 held on the account, and then pay a much lower rate on money held over this amount.

Currently the highest paying interest current account in the UK presently is the Nationwide Flex Direct Account paying 5% on up to balances of £2,500. After a year the account drops to 1%.

You could also consider their FlexPlus Account which pays a lower 3% on or up to £2,500, but with the rate staying at that level. However to get this deal a monthly fee of £13 is charged for the privilege.

For savers with larger deposits of money Santander 123 Account pay 1.5% on balances up to £20,000 plus you get 3% cashback on household bills paid from your account. This account comes with a monthly £5 fee.

It is in August and September that UK Banks start to bring out their latest student current account offerings. Banks are understandably keen to get your business. Research shows that one you set up a current account you are unlikely to move it.