Current Accounts
Spotlight on current accounts
Despite the spotlight shining well and truly on current accounts thanks to the ongoing OFT court case, the majority of Brits are still to take action when it comes to finding themselves the best deal on their account.
10,000 Credit Union Current Accounts
Jackie Arnott from Portsmouth has become the 10,000th person to open a Credit Union Current Account.
Current accounts: competition aids consumer - in the short term
David Black, Principal Consultant of Banking for Defaqto.com says: "The current account market is very competitive at the moment and there are some good deals available as providers seek to attract new customers and retain existing ones.
Alliance & Leicester scoops current account awards
Alliance & Leicester Current Accounts has scooped double honours in the prestigious annual Moneyfacts Awards, winning both the Best Current Account Provider (Credit Interest) and Best Current Account Provider (Debit Interest).
Banks raise credit interest rates - but not fast enough
Customers are winning from the banks' current account wars - but too many are still receiving pitiable rates for staying in credit, according to new analysis by MoneyExpert.com.
Lloyds TSB's Plus Account
Emma Walkley, Current Account Manager at Alliance & Leicester comments on the recent change to the Lloyds TSB's Plus Account: "The penny seems to have finally dropped. This rate increase for Lloyds TSB's Plus current account customers is a sign that at least one of the Big Banks is starting to recognise the importance of giving something back to customers.
MoneyExpert.com: Barclays current account changes
Sean Gardner, founder of MoneyExpert.com, said: "Reducing a £35 fee to a £22 fee is a welcome but hardly earth-shattering move by Barclays, particularly if you can still theoretically incur multiple fees over a short period of time.
Lloyds TSB responds to Barclays' overdraft changes
In November 2007, Lloyds TSB was the first high street bank to overhaul its approach to overdrafts with the focus on helping customers keep on top of their finances and avoid slipping into the red.
Barclays current account overhaul
Kevin Mountford, head of current accounts at price comparison site moneysupermarket.com, said: "Barclays says its new current account will cause a stampede of applications, but it's far more likely to be nothing more than a damp squib.
Barclays to make banking simpler and clearer
Barclays is responding to customer feedback by overhauling its current account offering, replacing the unauthorised overdraft with a fundamentally new approach to overdrawn accounts, which significantly reduces the charges for customers who go beyond their agreed overdraft limit.
Current account customers feel the pinch
On 10 April the Bank of England announced a 0.25% cut in interest rates. Since that time the current account market has seen plenty of rate changes but some lenders have used the opportunity to tweak their rates by more than the 0.25% cut.
Brits in the dark when it comes to current accounts
Ignorance and disinterest are costing Britons dear when it comes to earning extra interest by banking with the most competitive current account providers.
Alliance & Leicester's Premier 21 current account comes of age
Alliance & Leicester's Premier 21 current account for 16 to 21 year olds is still offering a market-leading rate of 10% AER, a year on from its launch. This is despite the Bank of England Base Rate of interest being cut three times during the same time period.
Alliance & Leicester extends credit interest offer
Alliance & Leicester has announced that it is extending the 8.5% AER credit interest offer on both its Premier Direct and Premier 50 current accounts.
The great private banking myth
Britons are failing to take advantage of the superior service of traditional private banks because they over-estimate the minimum investment level required to become a customer, according to new research issued today by Cater Allen Private Bank.