Make the most of the best bank accounts in the UK.
Interest rates are what many people consider when looking for a bank account or savings product. But UK banks and fintechs provide other perks and bonuses to win your custom. Make the most of them.
Get perks and boost your savings with best bank accounts in the UK
When it comes to banking, it’s worth shopping around and making the most of the various perks offered by different banks. These perks can range from high interest rates to freebies, cashback rewards, fee-free foreign currency transactions, and bundled insurance products.
As someone who regularly switches banks to take advantage of bank switch offers, I have tried out most banks. In doing so, I’ve sampled the best perks that most banks have to offer. And I like these perks. So, I maintain an account with each bank. I’ve listed the main ones below.
I also got a bit fed up of looking for the highest interest rate accounts to store my savings. So IÂ created a self-updating list that you may find helpful. There might soon be a tool to identify the best bank account for your particular circumstances too (just testing it out at the moment),
Scrimpr's Bank Accounts & Savings Apps
I have a lot of bank accounts and fintech apps. But these are the ones I use most, what I use them for, and why.
Chip
- Market-leading 4.84% interest
- Interest is paid monthly.
- Easy to use app.
- Can only link a single account.
Scrimpr review: Chip is an app-based savings accounts that offers leading easy-access interest rates. You link the app to your bank and can easily transfer money in and out.
Some people don’t like Chip because you can only link a single account. But it is very easy to use, and all savings are protected by the FSCS up to £85k.
Kroo Current Account
- 4.72% interest on current account balance.
- Interest paid monthly.
- Zero-fees on spending abroad.
- Real-time activity notifications
Scrimpr review: Kroo is a relatively new app-based bank. But it offers the highest in-credit interest rate of any bank. So Kroo is where any spare money I have goes.
Functionally, Kroo is very similar to Monzo. It’s from a fintech company, and they seem to know what customers want. All savings are protected by the FSCS up to £85k.
Nationwide FlexPlus Account
- Costs £13 per month.
- Mobile, travel and breakdown cover included.
- Fee-free spending abroad.
- Comes with a old-school card reader
Scrimpr review: I have banked with Nationwide accounts for years. For 9 years, I have had a joint FlexPlus account with my partner. The FlexPlus account costs £13/month (£156/year).
For that price, we both get: 1) mobile phone cover, 2) worldwide travel insurance, and 3) UK/EU breakdown cover. Over the years, we have used the phone insurance and breakdown cover twice, and the travel insurance covered a holiday cancel due to COVID
Monzo Current Account
- Easy to use app.
- Fee-free spending abroad.
- 3.7% interest with linked instant access savings.
- Real-time activity notifications.
Scrimpr review:Â I signed up to Monzo just to get the free fiver. But it is now my main pocket money account, and most of my day-to-day spending is done in this account.Â
Everyone should have a Monzo account. It’s simple to add money from another bank (via Open Banking). And if you are spending abroad, you get instant notification of how much you have spent in GBP. I cannot recommend Monzo enough.
Chase
- 1% cashback on debit card spend (maximum £15/month)
- Fresh, easy to use app.
- 4.1% interest with linked instant access account.
- 1% current account interest, 5% on round ups.
Scrimpr review: Chase burst into UK banking scene with a refer-a-friend promo. I signed up just to get the £20. But I stuck with them for their 1% cashback.
New customers get 1% cashback for a year without any other requirements. But after year 1, customers must deposit £1500 to retain the offer. In addition, chase give 1% interest on your current account balance. And they also have a “round-up” feature that shifts some pennies to a 5% savings account.
Natwest
- Up to £5 rewards each month (£2 fee).
- Free Natwest Rewards credit card (£2/month without)
- Cashback at linked retailers.
- No fee-free foreign spending.
Scrimpr review: The Reward Current account pays £5 a month pays for having direct debits and checking internet banking. Nothing special, but easy month.
You get £4 in rewards for having two direct debits, and £1 for opening the Natwest app. But the best part is that you get the fee for a Natwest reward credit card refunded. We used this credit card for all of our spending and have earned over £500 from it (it gives 1% cashback at supermarkets!).
Compare Interest Rates on UK Bank Accounts
The rest of this page provides several lists of UK bank accounts. The list of banks came from the Financial Conduct Authority and Which? Then I trawled the internet for data, and made a big database that automatically updates itself. Most of the information comes from MoneyFactsCompare and MoneySavingExpert – it’s just compiled in one place! And it updates itself frequently.
Bank | Bank | Account | Account Type | Max Deposit (Yearly) | AER (%) | Max Interest | Bank Type | |
---|---|---|---|---|---|---|---|---|
Updated on 2024-04-04 | 99.00 | |||||||
Ulster Bank | Ulster Bank | Loyalty Saver | Variable | 0 | 5.20 | 0.00 | High Street Banks | |
Post Office Money | Post Office Money | Online Saver Issue 72 | Variable | 2,000,000 | 5.06 | 50,600.00 | High Street Banks | |
Paragon Bank | Paragon Bank | Double Access Savings Account - Issue 7 | Variable | 500,000 | 5.05 | 12,625.00 | Challenger Banks | |
Cynergy Bank | Cynergy Bank | Online Easy Access Account (Issue 71) | Variable | 1,000,000 | 5.01 | 25,050.00 | Challenger Banks | |
Skipton BS | Skipton BS | Single Access Saver Issue 3 | Variable | 1,000,000 | 5.01 | 25,050.00 | Building Societies | |
Monument Bank | Monument Bank | Easy Access Savings | Variable | 400,000 | 5.01 | 10,020.00 | Digital Banks | |
Virgin Money | Virgin Money | Defined Access E-Saver Issue 23 | Variable | 250,000 | 5.01 | 6,262.50 | High Street Banks | |
Principality BS | Principality BS | Online Bonus Double Access | Variable | 1,000,000 | 5.00 | 25,000.00 | Building Societies | |
Hampshire Trust Bank | Hampshire Trust Bank | Online Easy Access Account (Issue 21) | Variable | 250,000 | 5.00 | 6,250.00 | Challenger Banks | |
Close Brothers Savings | Close Brothers Savings | Easy Access Account Issue 3 | Variable | 2,000,000 | 5.00 | 50,000.00 | Others | |
Harpenden BS | Harpenden BS | Online Instant Access (Issue 1) | Variable | 250,000 | 4.95 | 6,187.50 | Building Societies | |
Oxbury Bank | Oxbury Bank | Personal Easy Access Account (Issue 1) | Variable | 500,000 | 4.94 | 12,350.00 | Challenger Banks | |
Charter Savings Bank | Charter Savings Bank | Easy Access - Issue 50 | Variable | 1,000,000 | 4.93 | 24,650.00 | Others | |
GB Bank | GB Bank | Wombat Invest - Base Rate Tracker | Variable | 250,000 | 4.91 | 6,137.50 | Challenger Banks | |
Wealthify | Wealthify | Instant Access Savings (powered by ClearBank) | Variable | 0 | 4.91 | 0.00 | ||
Secure Trust Bank | Secure Trust Bank | Access Account (Issue 13) | Variable | 250,000 | 4.90 | 6,125.00 | Others | |
Aldermore | Aldermore | Double Access Account Issue 1 | Variable | 1,000,000 | 4.90 | 24,500.00 | Challenger Banks | |
Leeds BS | Leeds BS | Limited Issue Online Access Account (Issue 56) | Variable | 1,000,000 | 4.85 | 24,250.00 | Building Societies | |
Chip | Chip | Chip Instant Access Account (powered by ClearBank) | Variable | 250,000 | 4.84 | 6,050.00 | Savings Apps | |
Tesco Bank | Tesco Bank | Internet Saver | Variable | 0 | 4.81 | 0.00 | Supermarket Banks | |
Family BS | Family BS | Market Tracker Saver (1) | Variable | 250,000 | 4.81 | 6,012.50 | Building Societies | |
Scottish BS | Scottish BS | Saver Plus - Issue 2 | Variable | 1,000,000 | 4.81 | 24,050.00 | Building Societies | |
Saffron BS | Saffron BS | E-Saver Account (Issue 20) | Variable | 500,000 | 4.80 | 12,000.00 | Building Societies | |
Monmouthshire BS | Monmouthshire BS | Limited Access Saver - Issue 1 | Variable | 500,000 | 4.80 | 12,000.00 | Building Societies | |
Yorkshire BS | Yorkshire BS | Internet Saver Plus Issue 14 | Variable | 500,000 | 4.80 | 12,000.00 | Building Societies | |
Marcus | Marcus | Online Savings Account | Variable | 250,000 | 4.75 | 5,937.50 | Digital Banks | |
Teachers BS | Teachers BS | Teachers for Teachers (Issue 1) | Variable | 100,000 | 4.75 | 2,375.00 | Building Societies | |
RCI Bank UK | RCI Bank UK | Freedom Savings Account | Variable | 250,000 | 4.75 | 5,937.50 | Others | |
SAGA | SAGA | Saga Easy Access Savings Account | Variable | 100,000 | 4.75 | 2,375.00 | Others | |
UBL UK | UBL UK | Raisin UK - High Saver Easy Access Account | Variable | 85,000 | 4.75 | 2,018.75 | High Street Banks | |
Kroo Bank Ltd | Kroo Bank Ltd | Raisin UK - Easy Access Account | Variable | 85,000 | 4.72 | 2,006.00 | ||
Oaknorth Bank | Oaknorth Bank | HL Active Savings - Easy Access Account | Variable | 85,000 | 4.72 | 2,006.00 | Challenger Banks | |
Allica Bank | Allica Bank | HL Active Savings - Easy Access Account | Variable | 250,000 | 4.71 | 5,887.50 | ||
Investec Bank Plc | Investec Bank Plc | Online Flexi Saver | Variable | 250,000 | 4.70 | 5,875.00 | Others | |
Shawbrook Bank | Shawbrook Bank | Easy Access Issue 38 | Variable | 85,000 | 4.70 | 1,997.50 | Challenger Banks | |
Brown Shipley | Brown Shipley | Raisin UK - Easy Access Account | Variable | 85,000 | 4.67 | 1,984.75 | Others | |
Cambridge BS | Cambridge BS | Your Saver | Variable | 2,000,000 | 4.65 | 46,500.00 | Building Societies | |
Furness BS | Furness BS | Raisin UK - Limited Edition Easy Access Account | Variable | 85,000 | 4.65 | 1,976.25 | Building Societies | |
Tandem Bank | Tandem Bank | Instant Access Savings Account | Variable | 250,000 | 4.65 | 5,812.50 | Digital Banks | |
LHV Bank | LHV Bank | Raisin UK - Easy Access Account | Variable | 85,000 | 4.65 | 1,976.25 | ||
Monzo Bank | Monzo Bank | Easy Access Savings Pot (powered by Investec) | Variable | 250,000 | 4.63 | 5,787.50 | ||
Chorley BS | Chorley BS | Easy Access Saver (2 Withdrawals) | Variable | 500,000 | 4.60 | 11,500.00 | Building Societies | |
Ford Money | Ford Money | Flexible Saver | Variable | 2,000,000 | 4.60 | 46,000.00 | Others | |
Tipton & Coseley BS | Tipton & Coseley BS | Double Access Saver | Variable | 100,000 | 4.60 | 2,300.00 | Building Societies | |
Coventry BS | Coventry BS | Triple Access Saver (3) | Variable | 250,000 | 4.58 | 5,725.00 | Building Societies | |
Buckinghamshire BS | Buckinghamshire BS | Single Access Saver | Variable | 500,000 | 4.55 | 11,375.00 | Building Societies | |
Zopa | Zopa | Smart Saver | Variable | 250,000 | 4.54 | 5,675.00 | Digital Banks | |
Newcastle BS | Newcastle BS | Newcastle Double Access Saver (Issue 3) | Variable | 250,000 | 4.50 | 5,625.00 | Building Societies | |
Sainsbury's Bank | Sainsbury's Bank | Bonus Websaver | Variable | 0 | 4.40 | 0.00 | Supermarket Banks | |
Earl Shilton BS | Earl Shilton BS | Progress Account | Variable | 180,000 | 4.35 | 3,915.00 | Building Societies | |
Ifast Global Bank | Ifast Global Bank | Multi-Currency Account | Variable | 0 | 4.25 | 0.00 | ||
Nationwide | Nationwide | 1 Year Triple Access Online Saver 15 | Variable | 5,000,000 | 4.25 | 106,250.00 | Building Societies | |
Dudley BS | Dudley BS | Easy Access Saver Issue 5 | Variable | 500,000 | 4.25 | 10,625.00 | Building Societies | |
Melton BS | Melton BS | Limited Access Saver | Variable | 500,000 | 4.25 | 10,625.00 | Building Societies | |
Plum | Plum | Easy Access Interest Pocket - Premium | Variable | 0 | 4.21 | 0.00 | Savings Apps | |
Halifax | Halifax | Reward Bonus Saver | Variable | 9,000,000 | 4.20 | 189,000.00 | High Street Banks | |
Loughborough BS | Loughborough BS | Access X3 | Variable | 250,000 | 4.15 | 5,187.50 | Building Societies | |
Atom Bank | Atom Bank | Instant Saver | Variable | 100,000 | 4.11 | 2,055.00 | Digital Banks | |
Cahoot | Cahoot | cahoot Simple Saver (Issue 3) | Variable | 2,000,000 | 4.10 | 41,000.00 | Digital Banks | |
Chase | Chase | The Chase Saver Account | Variable | 500,000 | 4.10 | 10,250.00 | Digital Banks | |
The Co-operative Bank | The Co-operative Bank | Select Access Saver 2 | Variable | 1,000,000 | 4.09 | 20,450.00 | High Street Banks | |
Al Rayan Bank | Al Rayan Bank | Everyday Saver (Issue 3) | Variable | 1,000,000 | 4.00 | 20,000.00 | Others | |
RBS | RBS | Advantage Saver | Variable | 9,000,000 | 4.00 | 180,000.00 | High Street Banks | |
First Direct | First Direct | Bonus Savings Account | Variable | 0 | 4.00 | 0.00 | Digital Banks | |
HSBC | HSBC | Online Bonus Saver | Variable | 0 | 4.00 | 0.00 | High Street Banks | |
Lloyds Bank | Lloyds Bank | Club Lloyds Advantage Saver | Variable | 9,000,000 | 4.00 | 180,000.00 | High Street Banks | |
Moneybox | Moneybox | Simple Saver Account (powered by Santander) | Variable | 85,000 | 4.00 | 1,700.00 | Savings Apps | |
Nottingham BS | Nottingham BS | Four Access Saver | Variable | 750,000 | 3.90 | 14,625.00 | Building Societies |
Bank | AER (%) | Account | Bank | Account Type | Max Deposit (Yearly) | Max Interest | Image URL | Notes | Bank Type | |
---|---|---|---|---|---|---|---|---|---|---|
Updated on 2024-04-06 | 99.00 | |||||||||
The Co-operative Bank | 7.00 | Regular Saver Issue 1 | The Co-operative Bank | Regular Savings | 3,000 | 105.00 |
|
High Street Banks | ||
First Direct | 7.00 | Regular Saver Account | First Direct | Regular Savings | 3,600 | 126.00 |
|
Digital Banks | ||
Nationwide | 6.50 | Flex Regular Saver Issue 3 | Nationwide | Regular Savings | 2,400 | 78.00 |
|
Building Societies | ||
Lloyds Bank | 6.25 | Club Lloyds Monthly Saver | Lloyds Bank | Regular Savings | 4,800 | 150.00 |
|
High Street Banks | ||
Royal Bank Of Scotland | 6.17 | Digital Regular Saver | Royal Bank Of Scotland | Regular Savings | 1,800 | 55.53 |
|
High Street Banks | ||
Natwest | 6.17 | Digital Regular Saver | Natwest | Regular Savings | 1,800 | 55.53 |
|
High Street Banks | ||
TSB | 6.00 | Monthly Saver | TSB | Regular Savings | 3,000 | 90.00 |
|
High Street Banks | ||
West Brom Building Society | 6.00 | Fixed Rate Regular Saver (Issue 7) | West Brom Building Society | Regular Savings | 3,000 | 90.00 |
|
Building Societies | ||
Bank Of Scotland | 5.50 | Monthly Saver | Bank Of Scotland | Regular Savings | 3,000 | 82.50 |
|
High Street Banks | ||
Halifax | 5.50 | Regular Saver | Halifax | Regular Savings | 3,000 | 82.50 |
|
High Street Banks | ||
Principality Building Society | 5.50 | 1 Year Regular Saver Bond (Issue 33) | Principality Building Society | Regular Savings | 3,000 | 82.50 |
|
Building Societies | ||
Gatehouse Bank | 5.30 | Regular Saver Account (Issue 2) | Gatehouse Bank | Regular Savings | 3,600 | 95.40 |
|
Islamic Banks | ||
Yorkshire Building Society | 5.25 | Regular Saver | Yorkshire Building Society | Regular Savings | 3,000 | 78.75 |
|
Building Societies | ||
Aldermore | 5.25 | Regular Saver Account Issue 1 | Aldermore | Regular Savings | 3,600 | 94.50 |
|
Challenger Banks | ||
Leeds Building Society | 5.25 | Regular Saver (Issue 51) | Leeds Building Society | Regular Savings | 3,000 | 78.75 |
|
Building Societies | ||
Hinckley & Rugby Building Society | 5.25 | Regular Saver 30 Day Notice Account | Hinckley & Rugby Building Society | Regular Savings | 6,000 | 157.50 |
|
Building Societies | ||
The Stafford Building Society | 5.15 | Regular Saver - Issue 1 | The Stafford Building Society | Regular Savings | 12,000 | 309.00 |
|
Building Societies | ||
Chorley Building Society | 5.15 | Regular Saver (31.03.2025) | Chorley Building Society | Regular Savings | 3,600 | 92.70 |
|
Building Societies | ||
Kent Reliance | 5.10 | One Year Regular Savings Account - Issue 12 | Kent Reliance | Regular Savings | 6,000 | 153.00 |
|
Building Societies | ||
Coventry Building Society | 5.05 | First Home Saver (2) | Coventry Building Society | Regular Savings | 12,000 | 303.00 |
|
Building Societies | ||
HSBC | 5.00 | Regular Saver | HSBC | Regular Savings | 3,000 | 75.00 |
|
High Street Banks | ||
Loughborough Building Society | 5.00 | One Year Fixed Rate Monthly Saver | Loughborough Building Society | Regular Savings | 6,000 | 150.00 |
|
Building Societies | ||
Bath Building Society | 4.89 | Homestart Regular Saver | Bath Building Society | Regular Savings | 3,000 | 73.35 |
|
Building Societies | ||
Furness Building Society | 4.75 | 1 Year Regular Saver (Issue 5) | Furness Building Society | Regular Savings | 3,000 | 71.25 |
|
Building Societies | ||
Monmouthshire Building Society | 4.75 | Regular Saver - Issue 3 | Monmouthshire Building Society | Regular Savings | 3,600 | 85.50 |
|
Building Societies | ||
Earl Shilton Building Society | 4.60 | Regular Monthly Saver | Earl Shilton Building Society | Regular Savings | 12,000 | 276.00 |
|
Building Societies | ||
Mansfield Building Society | 4.50 | Regular eSaver 30 (1st Issue) | Mansfield Building Society | Regular Savings | 6,000 | 135.00 |
|
Building Societies | ||
Dudley Building Society | 4.40 | One Year Regular Saver Online Issue 3 | Dudley Building Society | Regular Savings | 10,200 | 224.40 |
|
Building Societies | ||
Beverley Building Society | 4.25 | Monthly Savings | Beverley Building Society | Regular Savings | 24,000 | 510.00 |
|
Building Societies | ||
Ecology Building Society | 4.25 | Regular Savings | Ecology Building Society | Regular Savings | 3,000 | 63.75 |
|
Building Societies | ||
Newbury Building Society | 4.25 | Home Saver | Newbury Building Society | Regular Savings | 6,000 | 127.50 |
|
Building Societies | ||
Buckinghamshire Building Society | 4.10 | Regular Saver | Buckinghamshire Building Society | Regular Savings | 12,000 | 246.00 |
|
Building Societies | ||
Virgin Money | 3.00 | Home Buying Coach Regular Saver Issue 23 | Virgin Money | Regular Savings | 3,000 | 45.00 |
|
High Street Banks | ||
Hanley Economic Building Society | 2.20 | Branch Regular Saver | Hanley Economic Building Society | Regular Savings | 6,000 | 66.00 |
|
Building Societies |
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