The Best High Interest Current Accounts

2 min Read Published: 14 Jun 2024

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

  1. Bookmark this page and regularly check our best buy tables, such as the one below.
  2. 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 Santander Starling* Lloyds Bank
Account name FlexDirect Account Kroo Current Account Santander Edge Up Starling Personal, Joint and Teen Accounts Club Lloyds Current Account
AER 5.00% 4.35% 3.50% 3.25% 3.00%
Minimum opening balance £0 £1 £1 £0 £4,000
How to manage the account Branch, Cash Card, Mobile Banking, Online, Telephone Mobile Banking Branch, Cash Card, Mobile Banking, Online, Telephone Mobile Banking Branch, Cash Card, Mobile Banking, Online, Telephone
How to apply Branch, Online Mobile Branch, Online Mobile

Branch, Online, Telephone

Financial Services Compensation Scheme Own Licence Own Licence Shared Licence Own Licence Shared Licence

Source: Updated 14/06/2024 

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


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.


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.


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.


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.



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