Make up to £300 free - switch your current account

Interest rates on many current accounts are almost zero, and overdraft rates are rising. We shop around for credit cards, insurance and electricity suppliers, so why not for current accounts? Switching is fairly straightforward, and you could even make some free cash. Ruth Jackson explains how.

Shopping around for the best deal on credit cards, mortgages and insurance has become the norm, but few of us stop to consider whether we have the best current account.

This is a mistake. Interest rates on some current accounts are at almost zero. Meanwhile, overdraft rates are rising on a number of accounts. A switch to another current account is fairly straightforward to organise and could even make you free cash.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.