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Key Facts

 

Banking Guides

 

Current and Packaged Accounts
What type of Current Account user are you? Are you one of those lucky people that manages to maintain a credit balance on your bank account every month?

Current & Bank Accounts with Overdraft Facility
An authorised overdraft is a pre-agreed facility that allows you to go overdrawn (or borrow) up to a certain limit, normally at a set rate of interest (some also charge a monthly fee).

The Basic Bank Account
It’s quite natural to worry about overspending, particularly if you have got yourself into debt before. There is a bank account where you can make sure you don’t go into debt: the Basic Bank Account.

Banking Tips

 

Are some banks foreign to you?
Have you ever checked our best buy charts and not recognised the names of some of the banks listed?

How to save money at University
Top money saving tips from Moneyfacts.co.uk to help you manage your money at University

Banking Best Buys

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Current Accounts

CompanyAccount% GrossFunding Required
Halifax
Reward Current Account (£1000 per month)0.00%£6.25 paid for each month where £1K pm funding requirement is met, whether account is in credit or overdrawn.
Santander
Preferred In-Credit Rate A/c4.89%Funding of £1K per month required. Interest payable for first 12 months up to £2.5K.
Lloyds TSB
Classic Plus2.47%Funding of £1K per month required. 0.10% paid on portion of balance over £2.5K.
Coventry BSFirst (£1000 per month)1.09%Funding of £1K per month required.
SmileCurrent0.12%-
CitibankCitibank Access0.10%-
Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
 
Oinky the Pig!

Current Accounts Explained

A current account is a bank account which allows you to access a range of banking services. Salary, pension or other benefits can be paid in and bills can be paid by standing order or direct debit.

A current account will typically give you a cash card and a debit card (which will probably be combined), a cheque book and guarantee card and may allow you to have an overdraft facility.

Some current accounts offer a high rate of interest, but this may only be available on high balances. The account may also require a certain amount of money to be paid in each month to obtain the higher rate.

Most accounts can be accessed in a number of ways, such as through a bank branch, internet and telephone.
 

Bank Account News

Current accounts…when staying faithful doesn’t payCurrent accounts…when staying faithful doesn’t pay
On average, Britons keep their current account provider for 16.5 years, longer than the average of 14.1 years that they remain with their partners, according to research from Santander Current Accounts.

Time to join the online banking revolution?Time to join the online banking revolution?
Banks spend millions of pounds to ensure their sites are as safe as possible, with encryption devices and firewalls galore. Even so, you should ensure that your computer has up-to-date security software before you begin banking online.

Join the switching current account revolutionJoin the switching current account revolution
Metro Bank might have recently become the first new bank to grace our high street in one hundred years, but is there any substance behind their swaggering entrance?

RBS delivers half year profitsRBS delivers half year profits
The 84% publicly owned Royal Bank of Scotland (RBS) announced an operating profit of £1.6 billion over the first half of 2010, an improvement on the £3.4 billion operating loss in 2009.