Customers should research best bank accounts.
Consumers may be reluctant to accept monthly bank account fees.
Bank account holders are being hurt by high overdraft rates.
The number of credit cards in issue at the end of October was 66,555,000, of which 63.6% were active.
Source: British Bankers' Association (www.bba.org.uk)
Having somewhere safe to leave your money is the very least that people expect from their bank account these days although this is still a valuable benefit.Bank accounts form the basis of all manner of personal transactions and so flexibility and the range of features on offer has become more important than ever. Read more...>
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Alliance & Leicester PremierMulti-trip European travel insurance when you open an account |
0.1% | £500.00 |
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First Direct£100 when you switch your banking to first direct. Switch now |
0% | £0.00 |
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| ** £100 if you move to First Direct ** | ||||
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Natwest Current PlusA flexible current account for day-to-day banking |
0.1% | £0.00 |
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HSBC Advance accountFee free cash withdrawals worldwide and family travel insurance |
8% | £1.00 |
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| ** £50 cashback for all new customers ** | ||||
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The high street banks are always competing to attract new customers and they constantly introduce new variations on recognised themes.
At the heart of all bank accounts there are two main rates, the interest rates that you will be charged to borrow money, even if that's as part of an overdraft, and the interest rate that you will be paid if you have savings.
Assessing what you need from a bank account is the first step to choosing the right one. If borrowing money is a priority to you rather than a high rate of return on savings or if access via the internet is more important than a local branch then these are factors you should consider.
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