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Old 02-08-2004, 16:26   #1
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Bargainiforous Bank Account. 5.5% on current account, 0 % overdraft, £25 free!!

Considering so many people liked the cahoot offer on the savings account, I don't doubt some will be interested from the latest offer from Alliance & Leicester on their current account.

Provided you can pay in over £1000 a month (ie. salary) then you can benefit from the following:
  • 5.5% interest on credit balances (up to £2500 until Dec 2005)
  • 0% overdraft up to £2500
  • Free Worldwide Travel insurance
  • Free £25 for online signups

Seems a good deal to me and they seem to do all the leg work in switching your account from your existing bank.

www.allianceandleicester.co.uk
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Old 02-08-2004, 17:04   #2
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Thanks for that. I have wanted to change my current account for a while, so this latest offer has pushed me over the edge. The only trouble is 5.5% of nothing is nothing if you see what I mean.
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Old 02-08-2004, 17:42   #3
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I'd sign up now if I saw £1k a month
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Old 02-08-2004, 17:58   #4
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What is the online banking like with these ? wanna leave the HSBC due to them outsourcing and ripping me off with charges
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Old 02-08-2004, 19:11   #5
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Thanks for this,

I've signed up as i'm also sick of HSBC at the moment for various reasons.
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Old 02-08-2004, 19:18   #6
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Quote:
Originally Posted by blobberTHEjobber
[*]5.5% interest on credit balances (up to £2500 until Dec 2005)
What? you can't have more than £2,500 in it?
Or you can't earn more than £2,500 in interest?
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Old 02-08-2004, 19:20   #7
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What's their online banking service like?

I've been with Barclays for years and keep toying with changing but never get round to it, and Barclays online service is pretty good..
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Old 02-08-2004, 19:28   #8
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Just been messed around by Cahoot so may go with this

Cheers
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Old 02-08-2004, 19:29   #9
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alliance & leicester online banking is a bit of a joke i'm afraid. Also if you make it joint then u get joint travel insurance..
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Old 02-08-2004, 19:37   #10
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Quote:
Originally Posted by Much
What? you can't have more than £2,500 in it?
Or you can't earn more than £2,500 in interest?

Basically they only pay the 5.5% interest on the first £2,500 in your account, after that you get a lower rate.



byronsp - why is their online banking crap? Not made the final decision to switch yet and this would be an influencing factor. Has it got full functionality such as easy management of payments, transfers etc?
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Old 02-08-2004, 19:45   #11
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Quote:
Originally Posted by byronsp
alliance & leicester online banking is a bit of a joke i'm afraid. Also if you make it joint then u get joint travel insurance..
That's good to know. Is it a full travel insurance package? Oyurs i up for renewal soon and this would save us a few quid
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Old 02-08-2004, 19:52   #12
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Quote:
Originally Posted by internetuser
What is the online banking like with these ? wanna leave the HSBC due to them outsourcing and ripping me off with charges
That is a very good point, I've been with HSBC for ever, but they have let me down a few times lately and I'm thinking of leaving.

However, their online banking is simply excellent. Theirs was the first online banking system I've used, and I thought all online systems would be very similar. Since then I've been very dissappointed by other companies' crappy systems. One thing that is essential to me is the ability to download your transactions, in CSV format too.

So what other banks have good online support?
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Old 02-08-2004, 20:19   #13
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Quote:
Originally Posted by byronsp
alliance & leicester online banking is a bit of a joke i'm afraid. Also if you make it joint then u get joint travel insurance..
Oi, I wrote loads of that!!! It was state of the art 6 years ago.
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Old 02-08-2004, 20:22   #14
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Alliance and Leicester internet banking is no-frills and functional, but not crap. Transfers, standing orders and payments are dead easy to set up.

Also bear in mind that A&L are quite strict on the overdraft limit they set for you (expect to be offered £500-£1000) but will match any existing overdraft you already have (with a bit of arm twisting). You'll have to send a statement with your application form.
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Old 02-08-2004, 20:33   #15
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natwest has the best online system i've used and i've tried hsbc, co-op, smile and barclaycard's.
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Old 02-08-2004, 23:50   #16
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Quote:
Originally Posted by jonathan_d
NatWest has the best online system i've used.
I'm more than satisfied with Royal Bank's too (probably very similar as they are part of the same group).

You can take a look at 'Interactive Demos' here :

http://www.rbs.co.uk/Personal_Financ...ne/default.asp

The best bit about RBS is that your account is branch-based and when you telephone any branch you actually speak with a real person in that branch, never a machine and never a call-centre automated response thingy.

OK, the interest rates on the current accounts are pants but their online savings rates are reasonable. Why keep much money in your current account anyway?
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Old 03-08-2004, 00:00   #17
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If anyone is unhappy with HSBC - you should give First Direct a go.

+ if you sign up via their website you get £25 to join

Regards
Sunil
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Old 03-08-2004, 06:44   #18
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If anyone is unhappy with HSBC - you should give First Direct a go.

First Direct *IS* HSBC - however FD are excellent, no complaints and if you ever need to phone them you get through to a human straight away.
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Old 03-08-2004, 06:48   #19
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Quote:
Originally Posted by GregB
That's good to know. Is it a full travel insurance package? Oyurs i up for renewal soon and this would save us a few quid
It is worldwide insurance with optional winter sports
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Old 03-08-2004, 06:56   #20
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Quote:
Originally Posted by blobberTHEjobber
byronsp - why is their online banking crap? Not made the final decision to switch yet and this would be an influencing factor. Has it got full functionality such as easy management of payments, transfers etc?
I have always found it hard to do the simplest of things and I use other accounts such as citibank, first direct fine. I found it incredibly flaky in that some operations caused it to crash fatally , but maybe it has improved. The functionality is there though.

On their website there is a flash demo on top right corner, click on Log In for internet banking and the next screen you will see the flash demo.


Also remember first 2500 for 5.5 interest then transfer out the rest to perhaps their online saver
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