These days there are many different types of current account including ones that you have to pay a yearly fee for. You may feel that you do not want to pay a fee when there are free alternatives, but it is worth looking into things further. You need to consider that the fee paying account may have advantages over a free account that are worth paying for.
Some current accounts will charge a monthly fee. These come with advantages though over the free accounts and it worth taking a look at what they are offering to see whether it is worth paying for them. You need to find out what it is that they are offering for their fee and it can differ a lot. Some companies will offer free travel insurance or interest on the account. Sime will offer cashback on certain purchases. It differs a lot and you need to have a look and calculate whether it is worth paying for the account to get the benefits on offer. For example, if you do not travel then the insurance will not be of use to you but if you pay out a lot on items that they offer cashback on then the benefits of this could add up to a higher value than the fee paid for the account.
What you will need to do is to not only calculate whether you will profit form the account in the short term but think about the future as well. If you think that your spending habits will remain the same then it is likely that you will benefit from keeping the account for a long time, but if they are likely to change then you may find that you will need to consider whether it is worth signing up to it. Of course, you will always be able to switch to a different one should you think that it is not offering such good value for money as it originally did. However, this may not be that easy. Switching a current account can be quite complicated as you have to move direct debts, standing orders, where your income is paid into and things like that. This means that it is not something that you will want to have to do that often. However, you should not let this inconvenience put you off if you are losing out paying for an account that is not giving you back that much. You should keep a track each month of how well or not you are doing from the account and swap it if you need to.
You may think that keeping an eye of the account all of the time, to see whether it is still worthwhile keeping is too difficult or something that you will not remember to do. If this is the case then it could be better not to switch to this type of account in the first place. Give it some careful thought and make sure that you do the necessary calculations first.