For the last couple of years the Santander 123 current account has been the stand out option for beleaguered savers – paying 3% with instant access up to £20,000 – it was too good to be true in the current depressed savings market – the Read More
Santander net new switcher figures fall off a cliff in Q4 2015 – could explain the introduction of the new Santander 123 lite current account Halifax, Nationwide and TSB all benefit with upsurge in new accounts Andrew Hagger of Moneycomms.co.uk comments on the latest participant Read More
TSB is a popular choice for customers who keep their accounts in the black due to its Classic Plus current account paying 5% AER (4.89% gross) on credit balances up to a ceiling of £2,000. (max interest of £97.80 per year – paid monthly). On top of Read More
As part of its review into the retail banking market the CMA is looking closely at unauthorised borrowing charges for overdrafts. Whilst forcing banks to clearly show a Monthly Maximum Charge (MMC) for unauthorised overdraft charges will enable consumers to see which banks are cheaper in Read More
Latest figures released by Bacs show that 257,638 current account customers moved their bank account via the current account switching service in the last three months of 2015. That’s an increase of 11% on the previous quarter, whilst looking at the year as a whole, Read More
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