Current Accounts
A&L offers new premier customers bonus rate on PlusSaver account
Alliance & Leicester is welcoming new current account holders with an introductory interest rate of 6.00% gross pa/AER payable on its PlusSaver account until December 2008.
Headline grabbing current accounts – are they what they seem?
A number of key players in the current account marketplace adopt a practice of advertising headline grabbing interest rates but only pay the high rate of interest on a relatively small balance held in each account, leaving customers short changed.
First Direct move highlights poor rates on current accounts
Nearly two out of five current accounts on the market pay just 0.1 per cent to customers in the black, new research from MoneyExpert.com shows. And another nine per cent pay one per cent or less, analysis from the independent personal finance comparison service shows.
Hurry while student bank account deals last
Students should look beyond the freebies, incentives and discounts being offered by most of the high street banks this autumn, and select an account on the basis of a more important feature - which for most will be the size of the interest-free overdraft,
Recommend a friend and earn up to £300 cash with Lloyds TSB
Lloyds TSB has turned up the heat in the current account battle offering customers who recommend their friends to the bank £30 cash for each one who switches, up to a maximum of ten friends which would earn them £300.
Alliance & Leicester to simplify current account fees
Alliance & Leicester has announced it is to simplify the fees on its competitive range of current accounts.
uSwitch.com: A&L's Premier and Premier Direct current accounts
Mike Naylor, personal finance expert at uSwitch.com, the independent online price comparison and switching service, comments on the changes to Alliance & Leicester’s Premier and Premier Direct current accounts:
moneysupermarket.com: A&L restructuring of current account
Commenting on Alliance & Leicester restructuring the terms of its current accounts from October 22, Kevin Mountford, head of current accounts at price comparison site moneysupermarket.com, said: “We are seeing some real innovation in the current account market, and Alliance & Leicester’s new deal definitely qualifies as innovative.
Alliance & Leicester: NatWest’s new ‘adapt’ current account
Andy Bayes, Head of Current Accounts at Alliance & Leicester said: “Tailoring current accounts to specific groups of customers has been an integral part of our strategy for some time, and it is a compliment to see other banks taking our lead and tailoring bank accounts to cater for the needs of individual groups.
uSwitch.com: first direct reshaping its current account
Mike Naylor, personal finance expert at uSwitch.com, the independent online price comparison and switching service, comments as first direct reshapes its current accounts in a bid to improve customer service.
Students vote Pulp Fiction ‘coolest’ film of all time
Students have voted Quentin Tarantino’s ‘Pulp Fiction’ as one of the ‘coolest’ films of all time, and the movie poster they’d most like to plaster on the walls of their student digs.
First Direct scraps credit interest
Samantha Owens, Head of Personal Finance at Moneyfacts.co.uk, comments: “First Direct has become the first current account provider to scrap credit interest on its current accounts, promising to invest this money in enhanced features and savings rates.
NatWest launches new current account for 11 to 18 year olds
NatWest has launched a new current account for young people aged 11 to 18 which enables them to create their own card. The account, called NatWest Adapt, aims to give teenagers a sense of independence in managing their own money and is designed to meet the lifestyle needs of young people with special offers and benefits they frequently use.
first direct reshapes the current account
first direct is to reshape its current account and savings products on 1 November to help customers earn serious money on their savings rather than small change on their current account.
Lloyds TSB overdraft changes: a step in the right direction but with a sting in the tail
Lisa Taylor, analyst at moneyfacts.co.uk, comments: “With overdraft charges already in the spotlight, and undoubtedly a target for the Office of FairTrading (OTF) to intervene and impose reductions, Lloyds TSB has been the first off the mark to announce reductions to its fees.