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Current accounts:
Best Buys
All Which? Best Buy current accounts provide great interest rates and service. They offer free banking when you are in credit and receive at least an average satisfaction rating in our customer survey of more than 6,000 people. All Which? Best Buy banks are signed up to the Banking Code.
Great current accounts whether you're in credit or have an overdraft
We pick Best Buy current accounts in three scenarios. The first scenario (in credit) is for customers who are never overdrawn. The second (small overdrafts) is for people who occasionally overdraw by up to £100. The last scenario (larger overdrafts) is for those of us who need an overdraft of up to £500.
Which? Best Buy current accounts
In-credit and small-overdraft Best Buys current accounts must offer at least 0.5 per cent interest on balances of £1 and above when you're in credit. Small-overdraft Best Buys charge £1 or less per year if you're overdrawn by £100 for one week each quarter. Large-overdraft Best Buys charge less than £25 a year if you run a £500 overdraft for two weeks every month.
| Best Buy current accounts | |||||
|---|---|---|---|---|---|
| Issuer account  | Monthly funding | Credit interest on £1 | Annual overdraft rate (%) | Customer satisfaction | Find out more |
| Alliance & Leicester Premier Direct  | £500 | 8.5% | 0% |  |  |
| The best credit and overdraft rates. The 8.5% credit interest is for balances up to £2,500 for a year. Internet and phone access only. | |||||
| Cahoot Current Account | None | 2.15% | 11.8% |  | |
| This internet-only account is even better if you say no to a chequebook - it then pays 2.25%. | |||||
| Nationwide FlexAccount | £1,500 | 1.5% | 12.9% |  | |
| The only branch-operated Best Buy (plus internet too). | |||||
| Smile Current | Seea | 0.28% | 15.9% | | |
| The highest customer satisfaction rating of any bank, with internet and phone access. | |||||
Table notes
- Smile current account no longer requires £1,000 funding each month, however, you must receive a regular payment (i.e wage, salary, pension) which you must pay into your account.
- Products based on your requirements
- High street and internet rates
- 5,808 Which? members surveyed
- How little the 'Big Four' really pay
