Current Accounts allow individuals to keep on top of their finances and usually come with a debit card, overdraft facility and Cheque Book
Current Accounts Will Typically Offer you an Overdraft Facility, Debit Card, Cheque Book and Can Usually be Accessed at a Branch, Online or Over the Phone.
Current Accounts are offered by most banks and building societies and can be typically be accessed at a branch, online or over the phone. Most Current Accounts will come with a debit card, which will allow you to withdraw your money from ATM’s or use anywhere that accepts chip and pin devices. They will often come with an Overdraft Facility, if you do choose to make use of this then make sure you look out for what the interest rate is as normally Current Accounts will charge you for borrowing money. In addition to offering overdraft facilities and debit cards, Current Accounts will usually a Cheque book in conjunction with your account and sometimes a Credit Card. Current Accounts act as an extremely useful financial tool for everyday banking, allowing you to keep track of your outgoings and incomings in one facility. Online Banking with Current Accounts is particularly useful for keeping track of your finances as it can be accessed 24 hours a day, seven days a week.
What Current Accounts Can Offer You Varies Enormously; Compare the Market to Find the Best Current Account to Suit You!
What a Standard Current Account has to offer has been listed above. If you are considering applying online for a Current Account then it is often useful to shop around in order to make sure that you get a Current Account that is best suited to your needs and requirements. Whilst one Current Account may give you a simple, basic and free service another Current Account, for a monthly fee, will offer you added benefits such as travel and mobile phone insurance, whilst another may give you great interest rates on credit-in balances and cashback on purchases. Below is a comparison of what four different Current Accounts have to offer and the different fees and rates that are implied with this.
Current accounts are the most popular type of consumer bank accounts that banks offer. As such they are very competitive with deals changing all the time as banks vie for new customers. As such, it is a good idea to shop around before you open your current account. Some banks offer higher interest rates on savings, others offer more competitive and lower loan rate to entice customers in, some even offer cash back when you set up and account, although for these you usually have to prove you have a full-time job and have a regular monthly income over a set amount.
Santander’s 123 Santander Current Account Has a Great Cashback Feature and Takes the Hassle out of having to swap between Savings and Current Accounts! Santander have created a Current Account that makes life easier for customers, stripping away the importance of individuals having to continually move their money around from a current to savings accounts. Santander have achieved this through paying in-credit interest on customers balances of up to 3% when they have more than a £1000 in their account. In addition to the high interest that can be earned on plus balances in the 123 Current Account, Santander put real money back in to customers pockets by paying cashback on gas electricity, water, council tax and communications direct debits set up on people’s account all for a monthly fee on £2! Santander offer 1% cashback on water and council tax, 2% cashback on electricity and gas and 3% cashback on mobile, home phone, broadband and paid for TV packages. In order to be eligible for the 123 Santander Current Account you must be 18 years or over and deposit a minimum of £500 in to the account monthly. If you dip in to your overdraft regularly then take note that there is No Daily Arranged Overdraft Fee for the first four months, however after this it is £1 each day, capped at 30 days in each monthly statement period.
Barclays Current Account Has NO Monthly Fees, An Overdraft Facility and Comes With A Contactless Debit Card. Apply Online In Less Than Ten Minutes! If you are looking for a simple Current Account than Barclays Current Account is certainly worth considering. The online application form has been tailored to be quick and easy, typically taking ten minutes in total to complete and once registered you are able to access telephone and online banking, plus you will gain entry to more than 1600 branches. Barclays Current Account comes with no monthly fees and has added benefits such as the option to apply for a Personal Reserve that gives you an extra agreed amount for life’s little emergencies, allows you to draw on cheques pain in before they clear, subject to status and limit and comes with a contactless debit card. If you are prone to being overdrawn then please take note that the interest rate on the overdraft for Barclays Current Account is 19%. In order to be eligible for this Current Account you must be 18 or over, have a regular income that will be paid in to this account and must not have been bankrupt or had a County Court Judgement against you.
Enjoy Award Winning Internet Banking, Identity Theft Assistance and an Overdraft Facility when you apply Online for the HSBC Current Account Apply online today for HSBC Current Account and gain access to their Award Winning 24/7 online banking service, allowing you to make money online, pay bills and make payments securely whenever you want! In addition to offering a great online banking service the HSBC Current Account gives you access to a 4% AER/gross Regular Save, which potentially can save you from £25 to £250 a month at a preferential fixed rate for 12 months. The Current Account also has an Overdraft facility; however please bear in mind that there is a 19.99% AER variable rate on the Overdraft Facility. Another great addition that comes with the HSBC Current Account is that it provides Identity Theft Assistance provided by PrivacyGuard, meaning that you can have complete peace of mind banking with HSBC. The HSBC Current Account comes with no monthly fee but HSBC do require you to be 18 or over and pay a minimum of £500 in to this account a month in order to be eligible.
If you’re looking for an Account Packed with Benefits than the RBS Royalties Gold Current Account could be a Perfect Choice. Offering an Overdraft Facility and Internet Banking, the RBS Royalties Gold Current Account acts similarly too many other Current Accounts. However for £12.95 a month the RBS Royalties Gold Current Account brings you benefits that save you time, money and hassle. The Royalties Gold Account comes with worldwide annual family travel insurance, mobile phone insurance (including iphones), home emergency cover, breakdown cover, an extended warranty and tailored rates on RBS mortgages, loans and credit cards. The features listed above for the RBS Royalties Gold Current Account could save you up to £933 per year! You must be 18 or over in order to apply for this account and in the event that you are not satisfied with the benefits of the account, you are able to have a refund of all the fees you have paid if you cancel within sixty days.