Best bank accounts if you always stay in credit

Bank accounts

Best bank accounts if you always stay in credit

By Chiara Cavaglieri

Article 1 of 6

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Best bank accounts if you always stay in credit

Not sure which current account would suit you best? We've made it easier for you by analysing all nationally-available current accounts and selecting the best if you stay in credit.

We show the best accounts for credit balances of £1,000. If you're looking for a bank account with extra benefits, such as travel insurance or car breakdown cover, see our online tables to find out which is best.

Find out more: Making the most of multiple current accounts - earn even more interest

Table notes

This table is updated on a daily basis.

  • a) 5% paid on balances up to £2,500 for the first 12 months (1% thereafter). No interest on any part of your balance over £2,500.
  • b) 5% paid on balances up to £2,000. Customers can open a maximum of one account. Rate will drop to 3% from January 2017.
  • c) To earn 5% you must credit your current account with £500 each month, register for internet banking, paperless statements and correspondence.
  • d) Interest paid at 1.5% on balances from £1; 2% from £1,000; and 3% from £3,000. 0% paid on balances above £5,000
  • e) 1.5% paid on your entire balance up to £20,000. Up to 3% cashback on household bills paid by direct debit. A £5 monthly account fee applies. Maximum of two accounts can be held at any one time. These can be held in single or joint names.
  • f) If your balance is: £1 to £1,999.99 earn 1% on it all; £2,000 to £3,999.99 earn 2% on it all; £4,000 to £5,000 earn 4% on it all. From January 2017 balances between £1 and £5,000 earn 2%. No interest paid above £5,000.
  • g) £5 monthly account fee waived if £1,500 or more paid in each month.
  • h) 0.5% paid on balances up to £2,000. You won't get any interest on any part of your balance over £2,000.

Help

Access

Key:

  • Branch
  • Internet
  • Postal
  • Telephone

Back to access in money table

Customer score

General public score based on customer satisfaction and likelihood of recommending company to friend/family member. Customer scores are based at brand level.

Back to customer score in money table

Customer scores are based on a survey of an online panel of respondents from the general public, who were invited to take part in the bank account customer-satisfaction survey during January 2016. The final sample size was 5,939.

How we choose our Best Rate bank accounts

Which? Best Rate current accounts offer the best rates on the market for the scenarios we've used.  They also have to meet the following conditions:

  • The accounts must be available nationally
  • The account provider must be fully covered by the Financial Services Compensation Scheme

We analyse the whole market and calculate the cost of the account so you can see how much you're likely to pay or how much interest you'll earn if you choose that account.

Which? Recommended Providers 

Which? Recommended Providers are companies that are both rated highly and have products that meet our high standards. Which? closely monitors the products and practices of all Recommended Providers and reserves the right to exclude any company that doesn't treat its customers fairly. Follow the link for a full list of WRPs.

Which? Warning Poor Satisfaction

We also understand that for many people, finding products with the best rate is a priority. But where a product from a provider with a poor customer score appears in our Best Rate tables, we'll highlight this with the warning logo. Our customer satisfaction surveys measure overall satisfaction with the provider in relation to bank accounts, not individual bank accounts offered by the brand. The customer score should therefore not be associated specifically with any individual bank accounts. Only customer scores that are significantly below average and fall into our bottom statistical tier receive our warning. Our customer scores are updated every six months.

By naming and shaming providers which customers judge to offer poor satisfaction in these tables, we hope that companies improve their standards.