MSE News: Dump Barclays fee-paying accounts after rate hike

book12

brookerbabyisababy wrote: »

At the very least to justify the overdraft rate increase Barclays should increase the rate on their savings products. That way Barclays could be seen to be fair and reasonable. But that has not happened.

I agree with you on that.

Most banks have savings rates that are similar to Barclays these days, due to the recession. Hopefully, after the recession, the interest rates will be better.

wizk1

book12 wrote: »

I agree with you on that.

Most banks have savings rates that are similar to Barclays these days, due to the recession. Hopefully, after the recession, the interest rates will be better.

...Or until the BOE raises the base rate again.

jambosans

book12 wrote: »

Hopefully, after the recession, the interest rates will be better.

Haven't you heard?
http://www.guardian.co.uk/business/2010/jan/26/uk-recession-over

[Deleted User]

Wendy Alcock, MoneySavingExpert.com money analyst, says: "Anyone with a fee-paying account, regardless of provider, should switch and pay for any services included in the package separately. This will almost always work out cheaper."

OK, Wendy Alcock. I challenge you to find me somewhere that will provide all the following:

• Insurance for my iPhone
• Insurance for my partner's iPhone
• AA Roadside Breakdown cover for myself
• AA Roadside Breakdown cover for my partner
• European multi-trip Travel Insurance for myself
• European multi-trip Travel Insurance for my partner
• Sentinel Card Protection for the whole household

for better than £7.95 a month from Lloyds TSB (Silver joint account).

Tried it, couldn't do it. Even after Quidco et al.

Eric_Pisch

I pay £10 a month to Barcs for 2 accounts, both have £2500 free overdraft and then an additional £5,000 and £2,500 facility, I can also increase the facility online instantly if needed.

I have a permanently approved £25,000 loan which i can call off online in about an hour and have done so in the past.

I also have a real person who I can speak to who knows me and my situation and i get excellent service.

And then there's the other bits n bobs like the insurance.


If you go to a restaurant you pay extra (than doing it yourself ) for the service.


Bargain in my book.