Need a new current account? How to pick the right one

Halifax comes out ahead with its revamped current account, but some may be better off elsewhere

Halifax bank
(Image credit: Shaun Curry/AFP)

Halifax is winning the current account war, according to figures released last week by the Payments Council. The bank attracted 66,401 new current account customers between 1 October and 31 December last year.

It isn't hard to see why so many people switched their current account to Halifax. The bank offers new customers £100 when they switch plus £5 a month on their Reward Current Account. In contrast, most of the high street stalwarts offer no interest and very few account benefits.

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