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Twitching & Birdwatching0 min ago
Which Current Account Do You Have
29 Answers
and do you pay a fee. I am looking to transfer from halifax to a different one, but don't know where to go. I dont want to pay a monthly fee for the account and will transfer all direct debits to it. thanks
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Phleb,
I only consider current accounts that pay me to run them! I operate two to maximise my 'take' from the Banks annually. I have a 'Reward' account with HBOS (needs to be funded with a minimum of £1000 per month but that money can be taken out the day after it goes in!), which pays me £60 per year after tax (as a standard rate taxpayer). I also have a Santander 123 account which pays a series of Cashbacks for monthly direct debits on Council Tax, Communications bills (Telephone & Internet + Cable or satellite TV) and utilities (Gas & Electric). If you can afford to put anything up to £3000 in the account and leave it there it will pay 3% interest, which is pretty good these days. With both accounts I get back about £220 per year, which I consider is adequate recompense for the Banks having access to my money!!
Hope this helps your decision making.
I only consider current accounts that pay me to run them! I operate two to maximise my 'take' from the Banks annually. I have a 'Reward' account with HBOS (needs to be funded with a minimum of £1000 per month but that money can be taken out the day after it goes in!), which pays me £60 per year after tax (as a standard rate taxpayer). I also have a Santander 123 account which pays a series of Cashbacks for monthly direct debits on Council Tax, Communications bills (Telephone & Internet + Cable or satellite TV) and utilities (Gas & Electric). If you can afford to put anything up to £3000 in the account and leave it there it will pay 3% interest, which is pretty good these days. With both accounts I get back about £220 per year, which I consider is adequate recompense for the Banks having access to my money!!
Hope this helps your decision making.
Dont understand phleb why you are paying a fee with the Halifax. I have current account with them. £5 a month from them is a gift each month. I think its called a reward account. All transactions free and £1000 overdraft facility. This is fee free up to £300 and above that £1 a day. They do have a current account which you pay a fee but I wouldnt go fo that one.
