Current Accounts

Three out of four people (75%) believe their supermarkets offer them value for money on groceries, almost half believe supermarkets sell value for money financial products too, according to a survey by Fool.co.uk. It seems that many of us deem that supermarkets can be as good at providing ISAs as they are at selling ice cream.

The 2007 student package from Yorkshire Bank offers a range of competitive benefits in a simple and accessible format, taking the hassle out of finance for students from their first year to their final exams.

Alliance & Leicester is urging its savvy current account customers to make the most of their friends with the last few days of Alliance & Leicester popular Recommend a Friend offer of £50.

Customers paying cheques into nearly half of all current accounts have to wait three working days before earning interest on their cash, new research from MoneyExpert.com shows. And some accounts make you wait five working days, analysis shows.

Working Brits who are unable to stay in the black, cross into their overdrafts on the 20th of each month and 2.1 million never come out of the red.

Short-term interest rate offers are no more than "headline-grabbers" , according to new research by Halifax.

Michelle Slade, Analyst at Moneyfacts.co.uk, comments: “Perhaps as a response to the growing competition in the current account market, more recently from the likes of Halifax and Abbey, Alliance & Leicester has increased its ‘recommend a friend’ incentive to £50.

Michelle Slade, Analyst at Moneyfacts.co.uk, comments: “This is a great idea. Not only is it simple, non intrusive and free, it looks to address the cause rather than throwing money at a symptom.

HSBC has launched the UK’s first ‘green’ options for current accounts giving its customers an opportunity to cut their paper use, support a number of environmental causes and get some great green discounts.

Despite good environmental intentions, the UK remains addicted to paper, according to survey results released today to co-incide with the launch of HSBC’s green options for their current accounts.

Alliance & Leicester is giving its customers two reasons to celebrate this summer by increasing its ‘Recommend a Friend’ offer, and also providing free mobile banking for new and existing customers until 31st December 2007.

Nationwide Building Society responds to the National Consumer Council's (NCC) report about the current account market being a 'jungle' for consumers.

As unfair banking charges cripple Britain’s most vulnerable current account holders, the National Consumer Council (NCC) is today calling on banks to be transparent and provide better, clearer and more upfront information to their customers.

Halifax has announced details of its Student Current Account for the academic year 2007/08. The account will continue to offer the most generous interest-free overdraft from any bank, offering up to £2,750 from year 1 of study.

Michelle Slade, Personal Finance Analyst at Moneyfacts.co.uk, comments: “The launch of Abbey’s 8% current account takes the battle to another level. But you need to be aware that this 8% is short lived, after a year this will fall to 2.50% and it’s sadly not available to existing Abbey customers.