Over a quarter (26 per cent) of adults are stuck on low savings interest rates as they believe rates are so low it isn’t worth looking elsewhere according to a poll by MoneySuperMarket.
Clydesdale and Yorkshire Banks have launched Current Account Direct, a new current account paying 4% interest.
Santander has launched a new Student Smart Card which combines a University student ID card with a Visa Debit card.
The guaranteed bank switching service goes live next week when 46 million current account holders in the UK will be able to switch banks or building societies within 7 working days, and the banks are already gearing up to entice new customers through their doors.
M&S Bank has announced a reduction in the monthly fee of its Premium Current Accounts, ahead of the launch of the Current Account Switch Service on Monday 16th September.
Consumers have already started to respond to the advertising blitz from current account providers, ahead of next week's launch of the new switching service, according to data from uSwitch.com.
With the new Current Account Switch service soon to launch, research by thinkmoney reveals how the 'free in-credit' bank account model is failing millions of customers.
With the new current account switching scheme about to launch on the 16th September, a report out from uSwitch.com, finds that the majority of consumers are aware that they can switch their household service providers, but 42% still make little or no effort to do so.
Bank reforms make progress as new Current Account Switch Service gets ready to launch.
The new Current Account Switching Service goes live on 16 September and a number of banks are offering one-off cash incentives in a bid to attract new customers.
Halifax has taken a further step in challenging the current account market by launching a new cashback programme on its leading range of accounts.
Following the announcement of the Current Account Switch Service's launch date of 16 September, two-in-five people believe they will switch their current account as a result, and 11 per cent will do so for the very first time, according to a poll from MoneySuperMarket.
The Payments Council has announced the official launch date for the new Current Account Switch Service, designed to make switching current account from one provider to another simpler, reliable and hassle-free.
Halifax has confirmed its market-leading £100 switching initiative, which includes no fees on planned overdrafts for six months, will continue until at least the end of 2013.
42% of consumers will be more likely to switch current account when the new Current Account Switch Service is introduced in September, according to research from uSwitch.com.
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