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Top Recommendation

Nationwide 4.89% Gross
5% AER
FlexDirect
Visit Nationwide ⇒

Features, Benefits and Eligibility

  • Interest paid monthly on balances up to £2500 provided that you;
    • Pay in a minimum of £1000 a month.
    • Are a UK resident and aged 18 or older.
  • You can hold 1 account in your sole name and 1 in joint names.
  • Eligible for their instant access 'Flexclusive Regular Saver' paying 5% interest fixed for 12 months.

Our Opinion

  • The best rate of interest but it only lasts for 12months.
  • Beware that the rate reverts to only 1% after 12 months.
  • A rather high minimum monthly payment.
  • No monthly account fee
  • No need to set up any Direct Debits.

How much can you make per account?

Keeping £2500 in your a/c could earn you approx £122 a year.

Highly Recommended

Tesco 2.96% Gross
3% AER
Current Account
Visit Tescobank ⇒

Features, Benefits and Eligibility

  • Interest paid monthly on balances up to £3000 provided that you;
    • Reside in England, Scotland or Wales.
    • Are over 18 years old.
    • Pay in a minimum of £750 a month.
    • Set up and pay 3 Direct Debits each month.
  • You can hold 2 accounts.

Our Opinion

  • Good rate of interest.
  • No monthly account fee.

How much can you make per account?

Keeping £3000 in your a/c could earn you approx £89 a year.

Recommended

Bankof Scotland 2.96% Gross
3% AER
Classic with Vantage
Visit Bank of Scotland ⇒

Features, Benefits and Eligibility

  • Interest paid monthly on balances of £3000 - £5000 provided that you;
    • Pay in a minimum of £1000 a month.
    • Are a UK resident and aged 18 or older.
    • Set up and pay 2 Direct Debits each month.
  • You can hold 3 accounts.

Our Opinion

  • Good rate of interest.
  • A rather high minimum monthly payment.
  • No monthly account fee.

How much can you make per account?

Keeping £5000 in your a/c could earn you approx £148 a year.
From June 11th 2017 interest rate will be cut to 2% on all balances up to £5000.
TSB 2.96% Gross
3% AER
Classic Plus
Visit TSB ⇒

Features, Benefits and Eligibility

  • The Interest Rate is Variable and paid monthly on balances up to £1500 provided that you;
    • Pay in a minimum of £500 a month.
    • Register for Internet Banking, Paperless Statements and Paperless Correspondence.
    • Are a UK resident and aged 18 or older.
  • You can hold 1 account in your sole name and 1 in joint names.
  • Get 5% cashback on your first £100 of spending each month, using your contactless debit card or Apple Pay, until 30 September 2017.

Our Opinion

  • Good rate of interest.
  • Low minimum Monthly payment.
  • No monthly account fee
  • No need to set up any Direct Debits.

How much can you make per account?

Keeping £1500 in your a/c could earn you approx £44 a year.
Lloyds 1.98% Gross
2% AER
Club Lloyds
Visit LLoyds ⇒

Features, Benefits and Eligibility

  • Interest paid monthly on balances of £1 - £5000 provided that you;
    • Set up and pay 2 Direct Debits each month.
    • Are a UK resident and aged 18 or older.
  • You can hold 1 account in your sole name and 1 in joint names.
  • Pay in a minimum of £1500 a month to avoid paying £5 monthly fee.
  • Eligible for their instant access 'Club Lloyds Monthly Saver' paying 3% interest fixed for 12 months.

Our Opinion

  • A very high monthly payment needed to avoid monthly fee.

How much can you make per account?

Keeping £5000 in your a/c could earn you approx £99 a year.
Santander 1.49% Gross
1.5% AER
1|2|3 Account
Visit Santander ⇒

Features, Benefits and Eligibility

  • The Interest Rate is Variable and paid monthly on balances up to £20,000 provided that you;
    • Set up 2 Direct Debits.
    • Pay in a minimum of £500 a month.
    • Pay a £5 monthly fee.
    • Are a UK resident and aged 18 or older.
  • You can hold 1 account in your sole name and 1 in joint names.
  • Monthly cashback on selected household bills.

Our Opinion

  • Access to additonal benefits.
  • Low minimum Monthly payment.

How much can you make per account?

(After deduction of compulsory Fees)
Keeping £1000 in your a/c could earn you approx -£45 a year.
Keeping £2000 in your a/c could earn you approx -£30 a year.
Keeping £3000 in your a/c could earn you approx -£15 a year.
Keeping £20,000 in your a/c could earn you approx £238 a year.

Current Accounts are the new Savings Accounts! Most of the big Banks are competing for our business by offering high interest paying Current Accounts. Generally there are conditions attached, and interest is usually only paid on relatively low balance amounts.



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