Current Accounts
Do you have a creaking joint account? asks Abbey
Over 5 million joint account holders (20 per cent) use their (joint) account to make purchases for themselves without telling their partner, according to research from Abbey Current Accounts. Yet, this is still less than the 24 per cent of people who suspect their partner of doing so.
Halifax's cash bonuses for those who switch current accounts
Commenting on the launch of Halifax’s cash bonuses for those who switch current accounts, Kevin Mountford, head of current accounts at price comparison website moneysupermarket.com, said:
From high school to high flier
The profile of the average teenager is changing – today’s younger generation is a financially ambitious group with almost a quarter (24%) 16-21 year olds in employment expecting to be earning over £40,000 in as little as 10 years time – this could be over double the national average wage of £23,244, according to research by Alliance & Leicester.
Young bankers embrace mobile banking
Today’s young bankers are embracing new technology to keep track of their finances, with more than half (54%) of 16-21yr olds willing to use their mobile phones to check the balance on their current account, according to research from Alliance & Leicester Current Accounts.
uSwitch.com: Lloyds TSB to increase authorised overdraft rates
Lloyds TSB’s announcement to increase authorised overdraft rates for the third time in just nine months will generate an additional revenue of £24 million in a year.
NatWest launches 2007 Student Package
NatWest, leader in Student Banking, is today launching its 2007 Student Package offering both competitive financial benefits and market leading incentives such as the 5-Year Young Persons Railcard, worth £100.
From Doctor to Diva
Alliance & Leicester Current Accounts launch celebrity mentor programme for under-21s choosing careers over university.
Alliance & Leicester comments on new NatWest Graduate Package
Helen Palmer, Current Account Manager at Alliance & Leicester comments on the launch of the NatWest Graduate Package:
Bank on nothing as current account rates lag
Average credit interest rates on current accounts have increased by just 0.29 per cent since October last year despite the Bank of England increasing the base rate by 0.5 per cent over the same period, new research from MoneyExpert.com shows.
Brits keep a current account secretly hidden from loved ones
New research from Abbey Current Accounts reveals that 7.5 million Brits – that’s twelve per cent – keep a sneaky CASHFLO or Current Account Secretly Hidden From Loved Ones. That equates to one-in-seven current accounts held in the UK.
moneysupermarket.com: Alliance & Leicester's Premier 21 Account
Commenting on the launch of A&L's Premier 21 Account, Kevin Mountford, head of current accounts at moneysupermarket.com, said: "The launch of A&L’s Premier 21 Account is a clever way of securing customer relationships from a product designed to fit in with a change in life circumstances.
uSwitch.com: Alliance & Leicester’s current account for 16-21 year olds
Mike Naylor, Personal Financial Expert at independent price comparison and switching service uSwitch.com, comments on Alliance & Leicester’s new 10% AER current account for 16-21 year olds:
Alliance & Leicester launches Premier 21 Account
Alliance & Leicester is extending its market-leading Premier current account range to recognise the needs of 16-21 years old with the launch of the Premier 21 Account. The account, which launches on Monday 30th April, has been designed to make the hard-earned cash of those who are just starting out on their career go further with an unbeatable credit interest rate of 10.00% AER.
OFT launches market study into personal current accounts
The OFT has today launched a market study into personal bank current account pricing, alongside a formal investigation into the fairness of charges for unauthorised overdrafts and returned items.
Lloyds TSB launches account for new arrivals to the UK
Lloyds TSB has today launched a new current account with a range of benefits, ideally suited for people who have recently moved to the UK, particularly the growing Polish community. The Silver account is the latest addition to a range of initiatives launched by the bank, including the opening of a number of stores that cater for the needs of customers from overseas.