Current Accounts
Current accounts the new switching battleground
The number of people leaving their bank has soared by 453,000 in the past quarter as current accounts become the new switching battleground, new research from MoneyExpert.com shows.
HSBC’s Passport goes multi-lingual
HSBC’s Passport account customers can now tap into local knowledge of the UK - from information on healthcare and employment to transport or finding a plumber - in their own language, with the introduction of a new 24-hour multi-lingual advice service as part of their account.
Premier direct current account further enhanced
Alliance & Leicester is increasing the credit interest rate on its award winning current account, Premier Direct, to 6.5% AER up from 6.1% AER with immediate effect.
HSBC branch exclusively for its 'Premier' customers
Commenting on news that HSBC is to operate a branch exclusively for its ‘Premier’ customers, Kevin Mountford, head of savings and current accounts at moneysupermarket.com, said:
Current accounts - an alternative home for your savings
Andrew Hagger, head of news and press at Moneyfacts.co.uk, comments: “Over the last couple of years we’ve seen the emergence of more current accounts offering high credit interest rates, some of which are on a par with the top paying savings accounts.
uSwitch.com comment on Citibank's latest move
Nick White, Director of Financial Services at price comparison and switching website uSwitch.com comments on Citibank’s latest move to automatically upgrade their Sterling current account customers to a Citibank Plus £10 a month packaged account:
Halifax's new Ultimate Reward Current Account
Halifax's new Ultimate Reward Current Account, believed to be the best value packaged current account from a major High Street bank, launches on Monday 19th February.
Love me not my bank account
Nearly one in three (31%) of singletons pledge to remain financially independent in their next relationship and have no plans to sacrifice their autonomy by opening a joint account, according to research by Alliance & Leicester Current Accounts.
Switch to Alliance & Leicester’s premier current account and receive 7% on a linked premier ISA
A new Alliance & Leicester Premier ISA account paying 7.00% pa gross/AER is being launched for customers opening an Alliance & Leicester Premier Current Account and will be available for a limited period only.
Internet only current account customers urged to get the best deal
On average, internet only current accounts pay 2.27% per annum less than the most competitive current account deals on the high street, according to uSwitch.com.
Abbey welcomes take-off in current account switching
With news from MoneyExpert.com that more than 1.38 million customers plan to switch their current accounts over the next six months, people switching to Abbey can now benefit from a market leading 6.30 per cent AER.
Banks under pressure as customers switch current accounts
More than 1.38 million customers plan to ditch their bank over the next six months as current account switching takes off, new MoneyExpert.com research shows.
Halifax ups the stakes in the battle for current accounts
Andrew Hagger, Head of News and Press at moneyfacts.co.uk, looks at the incentives being offered to customers to switch current accounts.
Double win for switchers
Customers of the Big 4 High Street banks now have two more reasons to switch their current account to Halifax.
HSBC ups regular saver for plus, premier and passport customers
HSBC customers are set to benefit from the launch of the bank’s new 10 per cent Regular Saver, available to Bank Account Plus, Premier and Passport customers from Monday 5 February. The bank is also offering six per cent credit interest on balances up to £2,500 fixed for 12 months to new Bank Account Plus customers opening an account before 1 April, 2007.