Tesco Bank calls on industry to provide simple current account comparisons

According to new research from Tesco Bank many consumers don’t understand the value of their bank account, a problem that is preventing them switching to potentially more suitable alternatives. The findings show that the majority of current account customers (55%), for example
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Santander and Halifax still the preferred choice for current account switchers

Santander remains ahead of Halifax as number one choice for current account switchers 4 high street banking giants lose more than a quarter of a million accounts to rivals between them in 2014 Rewards appear to be the main driver for switchers Andrew Hagger  looks at the latest dat
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Current Account Switching – Winners and Losers

The latest current account switching figures show that although more people are voting with their feet and looking for a more suitable banking relationship, the vast majority are refusing to budge from their existing provider despite the array of enticing up front cash incentives on o
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Santander the stand out choice for current account switchers

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
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Is £150 enough to tempt you to switch banks?

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
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Halifax and Santander the big winners in 2014 current account switching war

 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
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New M&S Bank current account hits the shelves

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
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TSB Classic Plus bank account pays 5% on credit balances but is it right for you?

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
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M&S takes on high street banks with new mass market current account

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
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