Current Accounts
Term starting early for student bank accounts
As autumn approaches, the banking industry is gearing up for the start of university. We have already seen the summer introduction from Abbey and HBOS of new products in the hopes of securing the student pound.
Abbey launches new student account
From mid August, Abbey will offer students a new account, which gives £50 cash when they open and pays 4 per cent in-credit interest on balances up to £500 in the account throughout their university education.
Halifax unveils market leading Student Account
Halifax has announced details of its new market leading Student Current Account offering. Applications for the new account can be made from Monday 4th August 2008. The account is available to both new and existing customers.
Bank of Scotland unveils market leading Student Account
Bank of Scotland has announced details of its new market leading Student Current Account offering. Applications for the new account can be made from Monday 4th August 2008. The account is available to both new and existing customers.
Alliance & Leicester offers £100 to switch online
Alliance & Leicester is once again raising the bar for current account switchers by giving £100 to customers who switch online to an Alliance & Leicester Premier Current Account.
Switching incentive from Alliance & Leicester
Commenting on Alliance & Leicester's £100 switching incentive, Kevin Mountford, head of current accounts at moneysupermarket.com, said: "With a current account offering 8.5 per cent, Alliance & Leicester has been attracting people who typically have £1,000 or more in their account.
Get your hands off our wallets
David Kuo, Head of Personal Finance at Fool.co.uk, comments on OFT market study in Personal Current Accounts: "We support the Office of Fair Trading's call to shake up the Personal Current Account market.
MoneyExpert.com: OFT current account report
Sean Gardner, director of MoneyExpert.com, said: "This report is a welcome analysis of the state of the current account market.
BBA: OFT current account study
UK banks offer a wide range of products and services and are committed to providing their customers with high quality service and accounts to meet all their financial needs.
Moneyfacts: OFT current account findings
Michelle Slade, analyst at Moneyfacts.co.uk, comments: "The big named banks have for a long time relied on brand and customer loyalty. As highlighted by the Office for Fair Trading (OFT), the result has been that many consumers find themselves in accounts paying little or no credit interest and/or being charged high fees when they have insufficient funds in their accounts.
moneysupermarket.com: OFT current accounts report
Commenting on today's OFT report, Kevin Mountford, head of current accounts at moneysupermarket.com, said: "This study should be a £4.1 billion wake-up call to over 50 per cent of the UK population languishing on 0.1 per cent interest or no interest at all.
Lloyds TSB: OFT 'Personal Current Accounts in the UK' report
Lloyds TSB is pleased that the OFT acknowledges that there is high consumer satisfaction with current accounts.
Current account market not working well for consumers
The market in personal current accounts is not working well for consumers, the OFT said today in its report 'Personal current accounts in the UK' which looks at the £8 billion industry.
Alliance & Leicester extends 8.5% credit interest offer
Alliance & Leicester is extending the 8.5% AER credit interest offer on both its Premier Direct and Premier 50 Current Accounts until 30th September 2008. It is also extending the 10% AER interest rate on its Premier 21 Current Account for 16 to 21 year olds.
Earning more from your current account
Fool.co.uk reviews the best high-interest current accounts: We are often advised not to leave huge amounts of money in our current accounts. That's because any interest we earn there can be miniscule.