The established high street banks are haemorrhaging accounts whilst lack of data from ‘Challenger’ banks is disappointing Andrew Hagger of Moneycomms looks at the latest Payments Council data on current account switching. (Payments Council latest figures are Q2 2014 but I have

The battle between the banks to attract more current account customers moved up a level this week when Yorkshire Bank (and Clydesdale bank) launched a market leading £150 switching incentive. Halifax, First Direct and The Co-operative Bank already offer a £100 ‘golden hello’ (th

 Andrew Hagger reflects on the latest current account switching data released by the Payments Council today. Figures for the first quarter of 2014 show that Halifax and Santander are faring way better than the rest of the market. Both banks have advertised heavily on TV and offer at

Today M&S Bank launches its new mass market current account, another example of challenger banks offering customers a credible alternative to the often criticized high street banks. The likes of Metro Bank and Post Office may still be in the early throes of rolling out their bank

Barely a week after the details of the new M&S bank current account were published, TSB has joined the bank switching fray with its new Classic Plus account , available from the end of March, paying a headline 5% interest rate on credit balances. The 5% rate is restricted to balan

Andrew Hagger of Moneycomms.co.uk looks at the new M&S Bank account planned for launch this summer. Since the current switching service and guarantee was launched last September there’s been a slight uptick in the number of people moving banks, but that could all change this sum

With the new Current Account Switch Service four months old and running smoothly there’s even less of an excuse to up sticks and move your bank account if you’re fed up with your current provider. Too many people have put up with sub-standard service for too long, but now it’s

Hopefully the combination of the quicker switching process and the new customer guarantee launching on 16th September will be the catalyst to get more people to ditch their bank account in search of something more suitable. However, although increased speed of transfer will be the pus

We’re barely a week into the New Year and already the battle for consumer credit is in full swing with a flurry of new deals and rate cuts from personal loan and credit card providers. Tesco Bank has taken top spot in the best buys for personal loans with its new rate of 5.2% APR fo