Idea
Compare High Interest Current Accounts in the UK
by
iFAST Global Bank
Most UK current accounts pay no interest on everyday balances, despite the Bank of England base rate sitting at 4.5%.
A small number of accounts do pay meaningful interest on current account balances. But the conditions attached to each from minimum monthly deposits, introductory periods, monthly fees, to eligibility restrictions mean the headline rate is rarely the full story.
Here is an honest comparison of what is currently available.
Bank | Account | Interest | Balance Limit | Fees / Subscription | Eligibility Criteria | Notes |
iFAST Global Bank | Multi-Currency Current Account | 2.65% AER (GBP) | No Cap | No Fee | UK & International Customers | Multi-currency account with 9 currencies |
Kroo | Current Account | 2.65% AER | Up to £500,000 | No Fee | UK Residents Only | Interest paid monthly |
Nationwide | FlexDirect | 5.00% AER | Up to £1,500 | No Fee | UK Residents Only | Introductory rate for 12 months |
Santander | Edge Up | 2.10% AER | Up to £25,000 | £5 / month | UK Residents Only | Monthly account fee applies |
Lloyds | Club Lloyds | 3.00% AER | Up to £5,000 | £5 / month (waived if £2k paid in) | UK Residents Only | Conditions apply |
Interest rates and product features are subject to change. Information correct as of 19/05/2026. Please verify current rates directly with each provider. iFAST Global Bank FSCS protection up to £120,000 per eligible depositor. Please refer to our website for full terms and conditions.
iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS).
iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 716167. We are registered in England and Wales, our company number is 4797759.
Please note that the provided details serve as general information and should not be considered as financial advice or endorsements. We strongly advise customers to diligently carry out their own research and consider seeking expert guidance for tailored financial choices.
