Help your money work harder, open or switch your current account today.
When it comes to current accounts there’s more to weigh-up than simply who you bank with – Features like a better overdraft, higher interest rate or cashback can add extra mileage to your balance, keeping you in the black for longer.
We analyse current accounts from the major high street banks, to new digital banks – Meaning you’ll have more options to choose from when you compare with QuoteSearch.
Popular current account options
Online
An app-based bank account which lets you manage your account through a smartphone, tablet or computer. Most high street banks also offer this type of account if you’d prefer to bank in branch.
High interest
Interest is paid based on an annual equivalent rate, meaning you’ll receive a slightly higher interest payment each year, however there’s often a minimum deposit required each month.
Joint account
A joint account is an account shared with a partner, friend or family member. An ideal solution if you share household or other bills and want a single account to manage them from.
A few things to know about current accounts
- Your credit score will be considered and may be affected when applying for a current account
- If you have other outgoings like insurances, a packaged account may be better suited for you
- Whilst it’s tempting to go for the highest interest rate, other account types may be more suitable
- If you’re a regular traveler be sure to check for any foreign transaction fees before going abroad
Your common current account questions, answered
What do I need to apply for a current account?
To apply for a current account in the UK you must be able to provide documents to prove your identity and address. A passport or drivers license as well as a recent utility bill, bank statement or tenancy agreement are the most commonly requested.
Why do some accounts have a monthly fee?
Accounts with a monthly fee generally come with optional extras, such as reward points, cashback on your spending, a larger overdraft or even gadget insurance.
What is the Current Account Switch Service?
The Current Account Switch Service (CASS) is a free service that most banks offer, making it easy to switch your current account to a new one. Everything is managed for you, from moving your balance and setting up direct debits, to closing your old account.
What is an overdraft?
An overdraft lets you borrow money using your current account. You’ll typically agree a limit to the amount that can be borrowed with your bank or account provider.
Finding the right current account is quick and easy with QuoteSearch
Our cutting-edge technology compares accounts and features directly from leading providers. We also have experts just on the other side of the phone to discuss your individual needs.
Our service is completely free and there’s no pressure to take out a policy. We’re 100% independent and FCA regulated, meaning you can proceed with confidence.
