09/03/2010 by bill.

Earn a market-leading rate of 5.00% AER (variable) on balances up to £2,500. After one year, 1.00% AER (variable) applies. Balances over £2,500 earn 0.10% AER (variable).Switch to the Alliance & Leicester Premier Direct current account now!

More about bank accounts from moneyjungle.net

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16/02/2010 by bill.

HSBC Advance is available for £6 a month for the first three months from account opening, after which you will pay the full monthly price, currently £12.95. HSBC Advance has an initial 12 month contract and is then renewable monthly. Benefits include:

· Worldwide Travel Insurance for you and your family - Policy terms and conditions apply. Only available for customers under the age of 70 and provided by Aviva Insurance UK Limited.

· Roadside Breakdown Assistance - Policy terms and conditions apply. Underwritten by Mondial Assistance Europe N.V.

· ID theft and personal safety assistance provided by Red24.

· Life Cover of £3,000 – Available for customers under the age of 65. Policy terms and conditions apply and provided by HSBC Life (UK) Limited.

· Text banking only available to UK residents

· Dedicated HSBC Advance specialists on hand 24/7

· Preferential overdraft rate of 17.9% EAR variable. Subject to status

· Preferential terms on savings and mortgages

· Money-saving travel and leisure offers

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More about Bank Accounts from moneyjungle.net

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22/12/2009 by bill.

In the light of the recent Supreme Court Ruling, the Office of Fair Trading has announced that it has dropped its investigation into unfair bank charges including overdraft fees. This is a further blow to the millions of bank customers who have lodged claims.

The Financial Ombudsman says that having considered the Supreme Court’s decision – and its implications – very carefully, its view is that the legal ruling means it will not generally be able to help with cases that involve “template” or “standard letter” complaints about unauthorised overdraft charges.

But in keeping with its usual approach to complaints that are referred to the Ombudsman, it will review each case individually – to see whether there are any one-off circumstances that may apply. For example, it would expect current-account providers to deal positively and sympathetically with a consumer in financial hardship – including where bank charges had added to their difficulties.

So, any bank customer suffering hardship as a result of overdraft charges should contact their bank for help as soon as possible and lodge a complaint with the Ombudsman if they are not satisfied with the reply.

More about UK Bank Accounts

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01/12/2009 by bill.

HSBC has now extended its £50 cashback offer to HSBC Bank Account customers as well as HSBC Bank Account Plus customers.

The HSBC Bank Account boasts the following features:

- Overdraft facility with a rate of 19.9% EAR variable
- Manage your money with free 24/7 Internet Banking*, pay bills and make payments securely.
- Monthly statements (or Go Green to save paper and view your statements online)

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More about selecting a bank account

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30/11/2009 by bill.

New HSBC Bank Account Plus customers will now be able to get £50 cashback when they switch as well as getting the first three months at only £6.47 per month. The HSBC Plus account is packed with benefits including:
• Worldwide Travel Insurance
• Roadside Breakdown Assistance
• Life Cover/Accidental Death benefit with £3,000 benefit
• 8% AER/Gross preferential rate on HSBC Regular Saver
• Preferential Mortgage terms
• Accommodation and travel discounts
• Discounts on entertainment and dining out in UK
• £6.47 for first three months, £12.95 thereafter on 12 month term.

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25/11/2009 by bill.

The Supreme Court has ruled in favour of the banks in their appeal against previous court rulings that allowed the Office of Fair Trading to investigate the fairness of unauthorised overdraft charges.

The ruling will come as a blow to the millions of bank customers who have complained about unauthorized overdraft fees that are generally £30 or more everytime you go over your overdraft limit. Many of them were seeking compensation that could cost the banks billions of pounds.

Prior to the ruling the OFT had said if it lost the case it would seek other ways of investigating overdraft charges and the Supreme Court has stated that the OFT could still scrutinise the charges under other regulations but ruled out an appeal to the European Court of Justice.

It is not clear where this leaves the many bank customers who have already submitted claims and the many more who would have done so had the ruling gone the other way but click here to see our current advice.

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02/08/2009 by bill.

Most banks offer student accounts with various incentives such as free travel insurance, rail cards and gifts but students are advised to compare the full terms offered before selecting the best account for them.

As always the advice is to shop around, don’t go to the first bank you see offering an apparently good deal, and do not be tempted to choose your parent’s bank, if they have not switched recently they could probably get a better deal elsewhere anyway!

The most important things to look for are:

Overdraft facilities, interest and fees - Most student accounts offer limited interest free overdrafts
Charges if you go into the red
Does the account come with a credit card? If so what is the credit limit and other terms?
Interest paid on credit balances (although few students have regular credit balances)

You might also want to consider whether there is a branch near to your university or where you are going to live, but most accounts offer internet banking anyway and you will be able to withdraw cash through ATMs at any bank.

For more advice on selecting the right current account for you see moneyjungle.net

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01/08/2009 by bill.

From the 1st August the HSBC Current Account Plus offer will be improving for consumers with a three month introductory rate of just £6.47 per month for the first three months, followed by £12.95 monthly thereafter.

Get up to £395 of benefits

-Worldwide travel insurance for you and your family

-Roadside breakdown assistance 24 hours a day

-ID theft assistance and Personal safety assistance with red24

-Life cover with £3000 benefit

…all come as standard.

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More Bank Accounts

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29/12/2008 by bill.

For more about Bank Accounts including claims for refunds of unfair charges see moneyjungle.net

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07/11/2008 by bill.

You might have been saving for a holiday or wedding, to pay your mortgage or credit card bills, to fund your retirement or to buy a home, but if you are one of the hundreds of thousands of people who find their money frozen as a result of recent bank collapses, you may be wondering what to do until you get your hands on it again.

The Financial Services Compensation Scheme expects to start repayments to savers with IceSave in mid-November but people with money trapped in some offshore bank accounts or saved via bonds and other financial products may have to wait much longer, if they are repaid at all. You need a plan - so here is some help to get you started.

To find out what our top tips are, click here for the full article.

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