Finding the best current account that offers both ease of access and competitive savings rates is crucial for maximizing your financial returns. Here are some of the top current accounts in the UK for 2024, which offer great savings opportunities:
1. Nationwide FlexDirect
• Interest Rate: 5% AER (on balances up to £1,500)
• Key Features: A popular choice with high interest for the first year. After that, the rate drops, so this is ideal for short-term use.
2. first direct 1st Account
• Interest Rate: Access to a 7% Regular Saver account
• Key Features: Requires regular payments but offers the highest rate when linked with a savings account.
3. Santander Edge Account
• Interest Rate: 6% AER on balances up to £4,000 (with linked Edge Saver)
• Key Features: Includes 1% cashback on household bills, with a £3 monthly fee. Great for those with regular bills and spending.
4. HSBC Advance
• Interest Rate: Access to 7% AER on regular savings
• Key Features: Comes with high savings potential, but you’ll need to meet the regular saver requirements to access the top rate.
5. Lloyds Club Lloyds
• Interest Rate: Access to 6.25% AER with the Monthly Saver
• Key Features: Offers a high interest rate on linked savings, ideal if you can save regularly each month.
6. TSB Monthly Saver
• Interest Rate: 6% AER
• Key Features: A solid option for those who want to save monthly with no linked requirements for other accounts.
7. NatWest Digital Regular Saver
• Interest Rate: 6.17% AER (up to £5,000)
• Key Features: An excellent option for digital banking enthusiasts, offering an easy-to-use mobile app and attractive savings rates.
8. Virgin Money M Plus
• Interest Rate: 2.5% AER (on balances up to £25,000 with linked saver)
• Key Features: Good for those with larger balances and a digital-first banking approach.
9. Chase Current Account
• Interest Rate: 3.75% AER on linked savings
• Key Features: A flexible account with no monthly fees, perfect for those looking for easy access to savings.
10. Kroo Current Account
• Interest Rate: 4.1% AER (on balances up to £500,000)
• Key Features: One of the few accounts offering interest directly on the balance, no savings account required.
These accounts offer varying terms and features, so it’s essential to choose based on your financial habits and goals. Whether you’re looking for a high savings rate, cashback on bills, or fee-free international usage, there’s an option for every type of saver
Our recommendation would be Kroo if you had a very large amount of capital to use, or First Direct’s account offering at 7% which is excellent if you were to save small amounts regulary.
