A current account is an account used for everyday banking. You can use it to:
Explore: Benefits of a current account
Most banks offer standard current accounts and current accounts with extras. Current accounts with extras are sometimes referred to as packaged, or reward current accounts.
A standard current account provides:
They don't usually charge a monthly account fee.
A current account with extras may offer additional features such as:
access to higher interest savings accounts
mobile phone insurance
There are several types of savings account available. The one that will suit you will depend on your savings goals, how long you want to put your money away for and whether you have a lump sum to save. Here are some of the different types of accounts:
regular savings accounts - give you the opportunity to put away some money each month
easy access savings accounts - give you access to your money whenever you need it
notice accounts - require you to give notice when you want to take money out
fixed-rate savings accounts - are suitable if you can put a lump sum of money away for a fixed period of time
Individual Savings Accounts (ISAs) - enable you to earn tax-free interest (up to a certain amount)
Once you’ve decided which one you need, take some time consider the different types of accounts - to find the best one for you. You may want to think about what’s important to you and why. This can help you compare the different benefits and focus your search.