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Current Account Direct

The bank account inspired by you that gives you 2% AER credit interest

Current Account Direct 4% AER interest

We’ve listened to what our customers want

  • 2% AER (1.98% gross p.a. variable) on your credit balances up to £3000. A minimum monthly credit of £1000 (excluding internal transfers) is required
  • Competitive overdraft rate - 9.9% EAR
  • Easy self service access by phone and internet

We've called it Current Account Direct, as you're directly in control of the account 24/7. The account has been created so that for the most common types of transaction there should be no need to visit a branch.



Please note: Current Account Direct has been designed for self service, you must use our phone and internet services to operate your account.

High interest current account


Current Account switch guarantee We want to make sure you’re in control of your money and can manage your account easily.

That’s why we’ve designed Current Account Direct around you, offering:

  • 2% AER (1.98% gross p.a. variable) on your credit balances up to £3000. A minimum monthly credit of £1000 (excluding internal transfers) is required


How to Switch or Apply

Our helpful advisors will help you switch when completing your application

Learn more about Switch

Switch or Apply by Phone
Request a phone appointment
Switch or Apply in Branch
Request a branch appointment Branch locator
Existing customers
Call us on
0800 678 1230

Monday - Friday 8.00am - 8.00pm
Saturday 9.00am - 5.00pm
Sunday 10.00am - 4.00pm

Existing Current Account Plus customers can transfer to Current Account Direct online:

Transfer online
  • Competitive overdraft rate - you benefit from a planned borrowing rate of 9.9% EAR
  • Debit card - withdraw cash and make purchases at home and abroad
  • Internet banking - make payments, transfers, or simply view your balance
  • Mobile banking - stay in control of your money when you’re out and about
  • Telephone banking (including our automated service) - manage your account over the phone.
  • Tax free interest on your account - Use this form R85 to let us know that you qualify for tax free interest on your account.
Representative Example

Rate of interest - 9.48% per annum (variable)
Total amount of credit - £1200
EAR - 9.90% variable
The rate of interest shown is an Effective Annual Rate (EAR) which takes account of the rate of interest charged, the frequency it is levied to the account and the compounding interest.*

* This example is for illustration purposes only.

2% AER (1.98% gross p.a. variable). Interest paid monthly. For account transfers, Current Account Switch Service should be used, subject to eligibility. Subject to status 18+ only. Offer may be withdrawn at any time. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. Gross rate is the interest payable without taking account of the deduction of income tax. For most customers tax will be deducted at the basic rate prevailing at the time of payment, presently 20%. All financial information correct at 14.04.14.

Qualifying Criteria

  • You must register for automated telephone and/or internet banking services to operate your account - check our self service matrix for details. You can still use our call centre or visit a branch if a transaction or service cannot be done through our self service channels.
  • Minimum monthly credit of £1000 required (excluding internal transfers)
  • You can have a maximum of two Current Account Direct accounts, of which only one may be a sole account.

You need to be 18 or over to apply for our Current Account Direct. Overdrafts and debit cards are subject to status. We can provide a written quotation for an overdraft on request. Current Account Direct accounts cannot be linked to a Clydesdale Bank Offset Mortgage for the purposes of offsetting interest.

An online current account that puts you first

More and more of our customers are managing their money online, by phone or mobile. So we’ve given you all these options as part of Current Account Direct.

But you can still use your local Clydesdale Bank branch for services that aren’t available online or over the phone – such as paying in cash and cheques.

Telephone and Internet Banking may be temporarily unavailable during periods of routine maintenance. And we may monitor or record calls to help us improve our service.