Current Accounts

first direct challenges non-switchers to take the plunge

Forty-four per cent of UK adults have never switched their current account and a further 27% have only moved their banking once, according to research by first direct.

The Co-operative bank leading the way in customer service

A new YouGov customer survey released this month has revealed that the Co-operative Bank, along with its internet arm, smile.co.uk, has come out on top of its high street competitors.

Post Office launches current accounts

The Post Office has launched three new current accounts offering customers choice, good value, fair and transparent products with no hidden charges and access to the largest branch network in the UK.

£5.99 wasted on every ATM withdrawal in travel hotspots

British travellers are wasting an average of £5.99 on charges imposed by some debit card providers every time they make an ATM withdrawal in the most popular foreign destinations.

A quarter of Brits check their current account daily

One in four (26%) consumers check their bank account daily in a bid to keep on track of their finances, according to research from M&S Bank. This rises to 27 per cent for 18 - 35 year olds and reduces to 24 per cent for over 55s.

Halifax £100 switching offer returns

Halifax has announced the return of its market-leading switching initiative for people who move their current account to the bank.

Verde customers still have mutual options

Lloyds TSB customers who were expecting to see their current accounts transferred to the Co-Op have been reminded they can still opt for a mutual alternative to the big banks.

How much do I love thee?

More than half (58 per cent) of people have been with their current account provider for more than a decade, with the average bank relationship lasting just over 16 years and one month, according to research from Santander Current Accounts.

New entrants prompt a big switch

With the Post Office announcing last week that it will launch into the current account market, following on from a number of other providers such as M&S Bank, nearly half of Brits (46 per cent) say it has encouraged them to switch their current account, according to MoneySupermarket.

Billions in cash left in current accounts paying no interest

A third of current account customers in Britain are not earning any interest on their balance, and a further 30 per cent don't know how much interest their current account pays, according to research from Santander Current Accounts.

Number of added value current accounts grows by 66% in five years

The number of added value (or packaged) current accounts on the market has increased by two-thirds since April 2008 - and, with the growing choice available, it is critical for people to focus on the benefits offered by these accounts when comparing the different options.