Best Bank Accounts
852°Expired
84
Found 15th Nov 2013
See Post 5 for details.

This week's special: £47.25 TopCashBack on the Santander 123 Current Account.
topcashback.co.uk/san…er/

16/11: Citibank Plus account added

17/11: Best introductory overdraft and overdraft interest rates added

84 Comments

Appreciate the effort.

Sorry, probably like those who voted cold, I thought this 'deal' would be a waste ;), but I've benefited from it (wasn't aware of Yorkshire Bank's 4%), so thanks.

I know Santander usually have a bad rep but we took the chance of opening a couple of 123 accounts in January after getting a bit fed up of not earning any interest at all with the Halifax over the previous years. It was a smooth, seemless transition and so far haven't had any issues. Can't fault them and have earned quite a bit of interest and cashback over the 2 accounts in that time.

For my Nieces it is the bank of Donaldduck2.

Take out as much as you like and never have to pay it back.

OP you might want to make a post that formats it as you can make things bold italic and underlined to highlight key points. Otherwise it's hard to read. Great for the effort but sadly HUKD makes every deal with more than a brief amount of text impossible to make sense of. Also as you go through it might be a good idea to list a "best of the rest" for people who say might not like Santander but would like cashback elsewhere.
Edited by: "Astec123" 15th Nov 2013

Original Poster

Here is a list of all the best bank accounts, which I aim to update every few days. It doesn't include 'exclusive' accounts like HSBC Premier, as this post aims to be accessible to most people.

Best for interest:

Nationwide FlexDirect* (5% for 12 months): nationwide.co.uk/cur…htm

Yorkshire Bank Current Account Direct* (4% interest on balances up to £3000): ybonline.co.uk/per…ct/

Santander 123*^ (3% on balances £3000-20000): santander.co.uk/csg…tor

Lloyds/TSB/BoS Vantage (3% on balances £3000-5000):lloydsbank.com/cur…asp

Halifax Reward (£5 a month)*: halifax.co.uk/ban…nt/

Best for cashback:

Santander 123*^ (3% on mobile phone, home phone, broadband and paid-for TV packages; 2% on gas and electricity bills; 1% on cashback on water, council tax bills and Santander mortgage payments (up to maximum monthly mortgage payments of £1,000): santander.co.uk/csg…tor

Best for spending abroad:

N&P Gold Classic* (fee-free usage abroad): nandp.co.uk/cur…nt/

Cumberland Plus* (fee-free usage abroad): cumberland.co.uk/cur…lus

Metro Bank (fee-free usage abroad, London only): metrobankonline.co.uk/Per…ts/

Best for permanent fee-free overdraft:

Citibank Plus* (£500 interest free): citibank.co.uk/per…013

First Direct 1st* (£250 interest free): www2.firstdirect.com/1/2…unt

Smile (£260 interest free): smile.co.uk/cur…nts

Best authorised overdraft interest rate:

Citibank Plus* (9.9% after £500): citibank.co.uk/per…013

Yorkshire Bank Direct* (9.9%): ybonline.co.uk/per…ct/

Cumberland Plus* (9.9%): cumberland.co.uk/cur…lus

Best for benefits:

N&P Gold Classic* (free Sentinel cover, Gold Regular Savings, cheaper share dealing): nandp.co.uk/cur…nt/

Nationwide FlexAccount* (free European travel insurance): nationwide.co.uk/cur…htm

Best introductory bribe:


Halifax Reward* (£100 for switching): halifax.co.uk/ban…nt/

First Direct 1st* (£100 for switching, £100 for leaving): www2.firstdirect.com/1/2…unt

Best for introductory overdraft:

Nationwide FlexDirect* (interest free for 12 months): nationwide.co.uk/cur…htm

Smile (interest free £500 overdraft for 12 months, £260 thereafter): smile.co.uk/cur…nts

* Minimum funding requirement
^ Monthly fee

Edited by: "ollie317701" 17th Nov 2013

Voted cold. Sick of these "mega deals" that are just posting crap from comparison sites.....

Banned

ChrisUK

Voted cold. Sick of these "mega deals" that are just posting crap from … Voted cold. Sick of these "mega deals" that are just posting crap from comparison sites.....


tell me about it everyone is making a mega thread just for the heat bet he wants a badge lol.
so so so so many mega threads now.
I'll make one Aldi mega thread

Best bank is First Direct, no need for Mega threads.

thank you op

mclovin9091

Best bank is First Direct, no need for Mega threads.


Best bank in what respect? What benefits do you get?

sofiasar

tell me about it everyone is making a mega thread just for the heat bet … tell me about it everyone is making a mega thread just for the heat bet he wants a badge lol.so so so so many mega threads now.I'll make one Aldi mega thread



I'm going to make a mega thread of mega threads & rate them 1-10........

How about a current account that pays some interest or has a credit card that has cash back.
but does not need a certain amount paid in each month.
Currently with hsbc and 0 interst and zero cashback

The money saving expert program on TV suggeted the lumia? credit card for the cash back any body used it?

Nationwide feel direct account gives 12 months fee free overdraft, then only 50p per day charge. I just switched to save some money :-)

Also if you take their select credit card it 0% on purchases for 12 months and 0% on balance transfers for 26 months.

nice thread, needs to get hot, so this subject gets discussed

p.s please 'like' OP's list of bank accounts, a lot of effort gone into that, ta



Edited by: "hotmik" 16th Nov 2013

jans

Best bank in what respect? What benefits do you get?



£500 over draft fee free, (normally only £250 for 1st direct) not aware of any other bank that allows this.
6% savings account (not ISA but you'd still get more money compared with a 3% ISA).
Never had any delay in getting through to a UK based customer service team.
£125 for switching at the beginning of April.
and a (new to me) Directory benefits, basically a list of discounts avaliable to card holders.

There are other benefits but none that i make use of.

hotmik

nice thread, needs to get hot, so this gets subject discussedp.s please … nice thread, needs to get hot, so this gets subject discussedp.s please 'like' OP's list of bank accounts, a lot of effort gone into that, ta



What he said

Really good informative thread, thanks OP I am sure some people will benefit from it.

Theres some clowns on this site.Thanks for the effort.

Cookey

Theres some clowns on this site.Thanks for the effort.



http://stream1.gifsoup.com/webroot/animatedgifs1/2044846_o.gif

Banned

What film is that from?

Looking for a high interest savings account and this has given me some food for thought so thanks OP

Thanks Op; lot of effort in this post.
Hopefully give you enough heat to push this where it belongs - into the 'hot' deals section

GILLFREEBIE

Looking for a high interest savings account and this has given me some … Looking for a high interest savings account and this has given me some food for thought so thanks OP

no such think as high interest anymore im afraid

Killer Klowns from outer space. The gif

I dislike these current accounts as I would have to pay my wages in. I prefer to stick to my bank to pay them in.

Heat for the effort though op

More deals like this please, 2 thumbs up!

im sure all this info is on mse

You do need a bank account...

You should put "megathread" in title then your guaranteed 10x more heat.

youngy7

I dislike these current accounts as I would have to pay my wages in. I … I dislike these current accounts as I would have to pay my wages in. I prefer to stick to my bank to pay them in.



Isn't that the whole point of a current account? Why pay into one that has no (or worse) benefits when you can stick with one that pays interest, gives cashback etc. Loyalty is worth nothing to these corporations, if your bank isn't moving with the times, move on.

Good idea.

Will take a lot of work keeping it updated though, but good luck.

I can't believe interest rates are still so low, hardly worth saving at the moment, was supposed to only be a temporary drop wasn't it, been a few years now... Personally I think it's been a huge mistake, and has led to house prices going up again.

I am concerned that when interest rates do go up, to a more natural rate of say 5% a lot of people buying homes now will get stuffed somewhat.
Edited by: "DonkeyKonk" 16th Nov 2013

I would like to state that Santander is best for interest if you have £3,000 to £20,000.

No issue with these being posted, but these should be in Misc IMO rather than clogging up the main deals board with "mega-thread" informational posts...

nationwide only up to £2500
Santander 123*^ (3% on balances £3000-2000): should read 20,000 not 2000


all this info and more available on moneysavingexpert

Lloyds tsb vantage I have 3, which is the maximum. I just shunt the money back and forth with standing orders.

I would not go near santander.

GeorgeJungle

Lloyds tsb vantage I have 3, which is the maximum. I just shunt the … Lloyds tsb vantage I have 3, which is the maximum. I just shunt the money back and forth with standing orders. I would not go near santander.



more fool you, then. past history is no reason to shun them... at 3% on 20k, plus cashback on everything from council tax to petrol, i figure i've made more than i have on my own 3 lloyds accounts put together, just on the cashback.

but then, horses for courses...

richyb808

More deals like this please, 2 thumbs up!



not really a deal, as such, as they've been like this for yonks!

Great work appreciated thanks OP

GeorgeJungle

Lloyds tsb vantage I have 3, which is the maximum. I just shunt the … Lloyds tsb vantage I have 3, which is the maximum. I just shunt the money back and forth with standing orders. I would not go near santander.



Past history would be all the reason I need to shun them, and you'd be wise to as well
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