Best Current Account?

OMAR

I have been with Alliance and Leicester for about 3 years now.....and fancy a change.....any recommendations for a new current account.

Pay in 1700 per month and have a 2400 overdraft.

simon_templar_2

Any reason for a change? A&L have had one of the best interest paying current accounts for a while now.

OMAR

cos my interest rate is base rate minus 1% and I fancy a new card!

simon_templar_2

Abbey current account is 6% they can even seamlessly switch the account for you!!

OMAR

wat about 1st direct or nationwide

ShelfStacker_3

simon_templar wrote: »

Abbey current account is 6% they can even seamlessly switch the account for you!!

...to Abbey. Which might be something of a dealbreaker.

opinions4u

simon_templar wrote: »

Abbey current account is 6% they can even seamlessly switch the account for you!!

In my limited experience, supported by numerous other posts on these forums by others, Abbey are incapable of doing anything seamlessly.

They are one of a handful of companies who I wouldn't touch with a bargepole - even if they were a clear best buy.

Inactive

Same here, I wouldn't touch them with a barge pole.

OMAR

so what about the 2 i just mentioned!

opinions4u

OMAR wrote: »

so what about the 2 i just mentioned!

First Direct have a high service standard (according to MrsOpinions4u and other posters on here).

Nationwide are mid-range on service with the advantage of charge free transactions overseas as a nice perk.

Neither have particularly good rates.

apt

Lloyds seem to be paying relatively high rates on current accounts - 3% up to £2,500 on Plus accounts, 5% on balances between £5,000 and £7,000 with Vantage. But how long these rates will last is uncertain. The Vantage rate hasn't changed since summer.