What are your current account options?

Your current account is the go-to place for managing your day-to-day money. It’s typically where your wages are paid in and bills, shopping and subscriptions go out. Most come with a debit card and access to online banking.

Some banks reward you with interest on your balance, cashback or retail vouchers, so it’s worth checking what’s on offer. If you already have an account, switching to a new one could also come with a cash bonus.

There’s a wide range of accounts out there, whether you’re managing your own money, sharing finances with a partner, heading to uni, or opening an account for a child. With the right account, banking can be simple, rewarding and a lot easier to keep on top of!

What do you need from a current account?

Choosing the right current account can help you stay in control of your money – whether you're managing everyday spending, sharing finances, or looking for features like interest or rewards.

Which type of current account is right for you?

Explore your current account options to find one that’s best for you.

What should I consider when choosing a current account?

Before picking a current account, it’s worth checking if there’s a monthly fee. Although simple everyday current accounts are usually fee-free, some accounts charge a monthly fee. In particular, accounts that come with extras like interest on your money, cashback or rewards tend to come with a fee.

If the account you are interested in does include a fee, just be sure it suits your lifestyle; there’s no point paying for features you won’t use. A bit of upfront comparison can help get you the right blend of fees and perks.

Think also about how you’ll use the account. Some banks expect you to pay in a set amount each month, so check for any rules like that. And if you expect to use an overdraft facility, look at the interest rate and charges.

I already have a current account, should I consider switching?

If your current account does the job and you’re not having any issues, it might feel like there’s no reason to change. But that comfort zone could be costing you in missed perks and better features.

These days, switching bank accounts is quicker and easier than you might think. In fact, the Current Account Switch Service (CASS) saw a whopping 1.4 million switches in a single year. Some banks offer switching incentives, like cash bonuses, free rewards or access to high-interest current accounts. Others might give you cashback on paying household bills, better overdraft rates, or extras like travel insurance and breakdown assistance. If your current account isn’t ticking all the boxes anymore, it’s worth comparing what else is out there.

So, if you’ve had the same account for years, it might be time for a little bank account spring clean. Whether you want to save more, earn rewards, or just get a better deal, switching could help you make the most of your everyday money.

Current account guides

Answering your questions about current accounts

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Page updated on 5th September 2025, Reviewed by Richard Groom