At the moment many of us are getting a poor deal with our current accounts. 70% of people in the UK bank with Barclays, HSBC, Lloyds TSB, RBS/NatWest who only pay an incredibly low 0.1% interest on current account balances and all of the big four except HSBC charge extortionate overdraft rates. 

However there are far better rates on offer, the best offer more than 3% in interest for current account balances and charge almost half as much for overdrafts. 

Compare over 300 banks accounts and find the best deals

It's easy to switch current accounts

Switching bank account is substantially easier than it used to be. Banks should now automatically transfer standing orders and direct debits for you.

Research by consumer association Which? found that 95% of those who had switched current accounts found it straightforward.

Compare over 300 bank accounts

If you are one of the many people who have been upset by the massive profits announced by banks then see what else is available, it's never been easier to switch deals.

There is a great deal of choice available and the best way of narrowing down the field is to think about your own needs before you start searching. For example, if your current account slips into the red every month, a cheap overdraft will help you more than good interest rates on balances.

Compare over 300 banks accounts and find the best deals