Clydesdale Bank and Yorkshire Bank have announced plans to reduce the rate on their Current Account Direct to 1.98% gross/2% AER for new accounts opened. Customers who have opened the account prior to Monday 14th April will continue to receive the 3.93% gross rate that is currently available. Accounts can be opened online, so you still have time to grab one before the rate changes. For more information, please refer to our best buy table.
However, if you are looking at opening a high interest current account to take advantage of the excellent rates they are paying ,the Nationwide FlexDirect is still the best rate. It pays 4.89% gross/5% AER on £2,500.
If you have considerably more to deposit the Santander 123 account pays 2.96% gross/3% AER on total balances between £3,000 and £20,000.
You do not need to switch your existing current account to open any of these, but please make sure you are happy to meet the requirements of the accounts before opening. These requirements can been seen by clicking on any of the links provided above.
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