The Best High Interest Current Accounts

The best High Interest Current Accounts from the whole UK Savings Market!

SavingsChampion.co.uk monitors the whole UK savings market (that's over 4,000 accounts) to bring together the best buys available.

The following savings best buy tables are also available:

Two ways to always ensure you get the best savings rate

Bookmark this page and regularly check our best buy tables, such as the one below.
You can also sign up to the FREE rate tracker email alert which will monitor savings account rates for you. You simply enter your email address and the names of the savings accounts you currently have. Then, not only will the system tell you if you are getting a good deal, but it will continuously monitor the market for you and email you when there are better deals out there than your existing account. When using the tool make sure you enter the correct balance for each of your accounts as some deals out there offer tiered rates - whereby the interest rate paid is dependent on your account balance.

Best High Interest Current Accounts

Below we list the top 5 high-interest current accounts. It is worth checking the account summary for each account accounts (listed below the main table) as it explains the qualifying criteria and when the interest is paid.

	Nationwide	Kroo	Starling*	Lloyds Bank	Santander
Account name	FlexDirect Account	Kroo Current Account	Starling Personal, Joint and Teen Accounts	Club Lloyds Current Account	Santander Edge Up
AER	5.00%	4.10%	3.25%	3.00%	3.00%
Minimum opening balance	£0	£1	£0	£4,000	£1
How to manage the account	Branch, Cash Card, Mobile Banking, Online, Telephone	Mobile Banking	Mobile Banking	Branch, Cash Card, Mobile Banking, Online, Telephone	Branch, Cash Card, Mobile Banking, Online, Telephone
How to apply	Branch, Online	Mobile	Mobile	Branch, Online, Telephone	Branch, Online
Financial Services Compensation Scheme	Own Licence	Own Licence	Own Licence	Shared Licence	Shared Licence

Source: SavingsChampion.co.uk: Updated 15/11/2024

Below we list the account summary for each of the bank accounts.

Nationwide

Interest rate reverts to 1.00% AER after the first 12 months. Rate also falls to 1.00% AER if a minimum of £1,000 is not deposited each month during the first year. Interest is only paid on balances up to £1,500. Interest is paid on the first day of each month. New customers can apply online but will be required to bring ID into a Nationwide branch to complete their application process. Existing customers may also be required to do this. Existing customers can apply in a branch, online or via a mobile banking app.

Kroo

A digital current account that does not charge a fee. Interest rate is paid on balances up to £500,000 and tracks the Bank of England base rate minus 0.9%. Interest is paid monthly. No charges for spending in the UK or abroad wherever Visa is accepted.

Starling

Starling* Personal, Joint and Teen account holders can earn 3.25% interest on balances up to £5,000 in their main account (including Spaces and Kite)

Club Lloyds

This account has a monthly fee of £3 which is waived if you pay in at least £2,000 every month. The 3% interest applies to balances above £4,000. Otherwise, 1.50% is paid on balances up to £4,000.

Santander

The account has a monthly account fee of £5. A minimum of at least £1,500 must be paid into the account each month and have at least two active Direct Debits to qualify for this interest rate. Interest rate is only paid on balances up to £25,000. Balances above £25,000 do not receive any interest. Interest is paid monthly.

If a link has an * beside it this means that it is an affiliated link. If you go via the link Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. But as you can clearly see this has in no way influenced this independent and balanced review of the product. The following link can be used if you do not wish to help Money to the Masses or take advantage of any exclusive offers - Starling Bank

Article Contents

The best High Interest Current Accounts from the whole UK Savings Market!Two ways to always ensure you get the best savings rate Best High Interest Current Accounts Nationwide Kroo Starling Club Lloyds Santander

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**51% of consumers could save £523.47 on their Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next six cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from August 2024 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier. 51% of consumers could save £222.30 on their Home Building & Contents Insurance. The saving was calculated by comparing the cheapest price found with the average of the next fourteen cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from August 2024. The savings you could achieve are dependent on your individual circumstances. You could pay from £3.35 per month for Pet Insurance. Price per month for cover based on a dog, Penelope, aged 4 months, no known medical conditions, up-to-date vaccinations, and microchipped. Based on quote data provided by Seopa Ltd during August 2024. The quote price you could achieve is dependent on your individual circumstances.

Leadenhall Learning Limited (trading as Money to the Masses) is an introducer appointed representative of Seopa Limited which is authorised and regulated by the Financial Conduct Authority.

Leadenhall Learning Limited (trading as Money to the Masses) is an appointed representative of Wealthify Limited which is authorised and regulated by the Financial Conduct Authority. Money to the Masses acts as an appointed representative for the purpose of promoting Wealthify products and introducing customers to Wealthify.

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The Best High Interest Current Accounts

The best High Interest Current Accounts from the whole UK Savings Market!

Two ways to always ensure you get the best savings rate