Abbey current account tops take the top spot

Samantha Owens, Head of Personal Finance at Moneyfacts.co.uk comments: “Abbey now pays 8% credit interest to new customers up to £1K and switcher customers £2.5K on it credit option current account.

“This is a market leading deal, paying 1.5% (AER) higher than its closest competitor. However you do need to be aware that it is only paid on balances up to £1K, unless you switch your account, when it is paid up to £2.5K.

“There are several current accounts offering great interest rates at the moment, better in fact than many savings deals to be found. Switching is easy, so don’t let your money sit in an account earning 0.10% interest. Take action and bag yourself one of these competitive deals.”