Which Current Account(s)?.

CashStrappedTeen89

I need 2 maybe 3 current accounts, im a bit OCD(ish) and like things in order.

I have a Lloyds Silver Account @ £7.95pm, cancelling this eventually.

I've applied and been accepted for the A&L £100 cashback one which will be my Main current account until i receive the £100 cashback and then ill move elsewhere as i've heard there cutomer support is terrible.

I need a second one that can provide me with 2 things i need, breakdown cover as A&L doesnt give me this on theres like Lloyds did although it saves me 7.95 a month now and the ability to do fast transfers in and out this will just be an account for small investments i do that will have money going in and out regularly, thats all i need from that account.

I dont know if i should just downgrade my lloyds account and keep with the A&L when its opened, any suggestions?.

Lokolo

I don't see the point in getting a bank account with breakdown cover when you can buy it through the actual people, like the AA, where it will be cheaper....

£69 for cover with the AA.

Most banks do Fast Payments, but I like HSBC with theirs, but its the only account I have which I use it.

apt

If you want basic breakdown cover you can get RAC, AA etc. via a cashback site for about £10 for a year. If you want bells and whistles like relay you can get RAC via Tesco clubpoints for less than £35. For an additional current account if you have money on instant access you could turn your Lloyds silver account into a Lloyds Classic with Vantage and get 3% on balances £3,000-£5,000, 4% if you can raise a balance of £5,000-£7,000. If you are hunting cashback you could also get £100 from First Direct. Downside you have to pay in £1,500. But First Direct provides a much better service than Alliance and Leicester.

CashStrappedTeen89

Lokolo wrote: »

I don't see the point in getting a bank account with breakdown cover when you can buy it through the actual people, like the AA, where it will be cheaper....

£69 for cover with the AA.

Most banks do Fast Payments, but I like HSBC with theirs, but its the only account I have which I use it.

If i can get it with a bank for free then i have no issues, if not ill go through topcashback and buy it that way i only need roadside so im not to worried.

Ill look into HSBC ta.

apt wrote: »

If you want basic breakdown cover you can get RAC, AA etc. via a cashback site for about £10 for a year. If you want bells and whistles like relay you can get RAC via Tesco clubpoints for less than £35. For an additional current account if you have money on instant access you could turn your Lloyds silver account into a Lloyds Classic with Vantage and get 3% on balances £3,000-£5,000, 4% if you can raise a balance of £5,000-£7,000. If you are hunting cashback you could also get £100 from First Direct. Downside you have to pay in £1,500. But First Direct provides a much better service than Alliance and Leicester.

i've been looking into RAC via tesco but just used my vouchers to pay for another holiday via airmiles, i may just get my dad to put me back on his policy to save me some time.

im not worried about interest rates as it'll be in and out very quickly possibly day to day but i doubt ill reach 5k to 7k until the end of next year with it.
I wasnt hunting cashback just seen it on offer and thought why not, the worst bit will be changing my main income to the account because ill have to change it in a years time again but hey ho free £150 .

I may look into first direct as well, any other suggestions on current accounts?.