Current Accounts allow People to Keep Track of Their Incomings  and Outgoings in One Facility

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.

What Kind Of Bank Account Is Right For You?

Having a current account ensures that your money is safe and if you are trying to save money a bank account is a good way of putting funds aside. A bank account can benefit you by making your life easier in terms of managing your finances, paying bills and receiving money from elsewhere. There are a number of different types of bank accounts, all which can suit your needs and requirements. These include current accounts, packaged accounts, savings accounts and joint accounts. It is advisable that before opening a bank account you make sure it is right for you. For instance if you are saving money a savings account may be your best option as your money collects interest and therefore value. If you are married then a joint account might be best.

If you opt for a current account, which is most common, you will receive a debit card which is used for withdrawing money and with your debit card payments can also be made online. With a current account you will most likely be offered overdraft facilities. An overdraft can be useful in some cases as if you find yourself struggling to make ends meet an overdraft can help you pay bills and with any urgent payments. However there are risks involved as often interest is charged for the amount overdrawn. It is important to remember to look at the terms and conditions laid out by your bank for whatever bank account you choose to open and make sure you are notified of any changes the bank makes.

Bank accounts – the only way to keep money safe

Times are over when people put money in a stocking or under the mattress – nowadays most adults have a bank account. The money on a bank account is safe – and on a current account it is easy to receive one’s salary and wages and pensions. Bank accounts are also used to make payments, withdraw cash, and to set up standing orders or direct debits. All this, except withdrawing cash, usually can be done 24 hours a day online without having to leave the house.

If one wants to save some money to either put aside for later or getting closer to making a wish come true there are different kinds of savings accounts available. The purpose of a savings account is not to move money but to leave it for a while and benefit from interest which on a current account will not be paid. Depending on one’s needs, one can choose a savings account on which the money cannot be touched during an agreed-upon a time and which benefit from high and fixed interest rates, or one can keep money on a savings account with daily access which still will gain interest and make one’s money grow.

Bank accounts – what type does one need?

Current accounts are provided by banks and building societies and are often offered with an overdraft facility. One usually will get a debit card, which makes it possible to withdraw cash and make payments in shops and restaurants. Sometimes a credit card will be offered as well, depending on your situation. Current or Checking accounts are needed to receive salary, benefits and pensions and to set up direct debits and money transfers. A basic bank account which will be offered is one’s credit history is not good enough for a current account.

Savings accounts are bank accounts which give the opportunity to make one’s money grow. Money is not moved around on a savings account and may not be accessed during an agreed-upon time. For this, the bank will pay you interest rates. A savings account is an ideal account on which to put money aside for the future. Before opening a savings account one should first compare the different types and find out which suits one’s personal situation best.

High Interest Bank Accounts Here! Be Sensible And Get A Savings Account

A savings account is probably the first account you will ever have. Savings accounts allow you to keep your money in a safe place while it earns a small amount of interest each month. Suppose you are given £1000 and you’re not going to use the money for another 3 months. You could do server things with the money. You could carry it around in your pocket, you could put it under your mattress or you could put it into a bank savings account. Putting money in savings account is a way of keeping your money safe. If you carry the money around with you, you might lose it, if the money is under your mattress you could get robbed and lose it but if the money is in a savings account it is safe! On top of this you are less likely to spend the money and the money in the savings account is insured. If you home is robbed or catches fire and is burnt down your money will be gone. However banks and credit unions keep your money safely locked away in fireproof safes.

Moreover savings accounts offer easy access to your money, your money becomes what is known as liquid which means you can withdraw it quickly. Furthermore when you have money in a savings account a great advantage is that savings accounts grow your money and your money earns interest. What happens is your bank savings account pays a rate of return on all the money in the account. That means that you technically get ‘paid’ for keeping your money in the savings account.