Which current account to change to

Smiley_Mum

My income is under £1,000pcm and I wondered which current account to change to. Currently with BoS and they pay piddling interest. Always in credit, never use overdraft etc. Excellent credit rating, no problems at all. Any suggestions. Thought about A&L PP but they knocked me a few years ago, perhaps due to partner at time having a total [email="cr@p"]!!!!!![/email] credit rating perhaps. Anyone got any suggestions. Thanks for any info. Had a look on site but...

BenL

A&L do have a good account, I've got one myself but I also have had an Abbey A/c, Nationwide & Smile.

I never had a problem with any of them.

I currently have a sole A&L and the joint smile account.

Out of the two I prefer Smile but the interest is a little lower.

Ben

tanith

I have an A & L Premier Direct Acc you only need to pay in £500 per month and it pays 5% interest , I have never had any problems and find the online banking with them to be excellent they will also link a saving acc to it and that also pays a good rate of 5.15%

innovate

Cahoot's not bad - good interest rates on current account, and sensible saving accounts, too.

Nationwide if you manage to move your money to their saving accounts regularly - current account interest rate is the pits.

Both recommendations on the assumption that you'd want no minimum monthly deposit requirements, and instant transfers to/from savings account.

innovate

Also check who pays you (directly or indirectly) most for opening an account with them

• A&L - I believe the £125 offer is still on (check referral board)
• Cahoot - I believe £20 for current account and £25 for savings account via Quidco
• Citibank - £60 via Quidco (don't know much about the account)
• First Direct - £50 (again, I don't know much about the account)

M_Thomson

https://www.smile.co.uk

innovate

Use moneysupermarket to compare the interest rates of the accounts - and of course refer to Martin's article on current accounts . Also, there's no compelling reason for having only one current account - just make one your primary one so you don't lose control



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