What is the best 'Premier' fee paying High Street current account today?

Camorra

Hi all,

I have a Lloyds TSB Vantage Premier Joint Currrent Account. I currently pay £25 per month for the privilege.

I was wondering if there is anything better out there for less money per month. The current perks I get with this account are:

• AA Roadside Assistance with Relay, Stay Mobile, Home Start and Accident Management Service
• Mobile Phone Insurance and Save What Matters™ (Mobile Phone Insurance on 3 x phones, as it is a joint account)
• Worldwide Travel Insurance including family and winter sports cover
• £500 interest and fee-free Planned Overdraft (subject to application and approval)
• ID Aware
• Home Emergency Cover (which includes free boiler cover between November and April).

They still charge you their usual £5 per month, if you go overdrawn (even a penny). This is standard for all planned overdrafts across all LloydsTsb current accounts.

I like all the perks, but the cost combined with the mandatory £5 per month overdraft fee (and that's on an authorised overdraft) are a bind.

With the current 'bank account war' that is happening on the high street, I just wondered if there was anything similar for less money (with similar perks).

Any opinions appreciated. Thanks.

jinkster

I am a Barclays Premier Life customer and I also pay £25/month for this privilege.

I get Breakdown cover (inc home start), Worldwide travel insurance, Mobile phone and gadget insurance (up to £400? i think). Airport lounge access using Airport angel (included in service), Concierge service, legal cover/ will writing service, access to stockbroking service, ID aware (identity theft issues).

Quite happy with the service.

callum9999

Camorra wrote: »

Hi all,

I have a Lloyds TSB Vantage Premier Joint Currrent Account. I currently pay £25 per month for the privilege.

I was wondering if there is anything better out there for less money per month. The current perks I get with this account are:

• AA Roadside Assistance with Relay, Stay Mobile, Home Start and Accident Management Service
• Mobile Phone Insurance and Save What Matters™ (Mobile Phone Insurance on 3 x phones, as it is a joint account)
• Worldwide Travel Insurance including family and winter sports cover
• £500 interest and fee-free Planned Overdraft (subject to application and approval)
• ID Aware
• Home Emergency Cover (which includes free boiler cover between November and April).

They still charge you their usual £5 per month, if you go overdrawn (even a penny). This is standard for all planned overdrafts across all LloydsTsb current accounts.

I like all the perks, but the cost combined with the mandatory £5 per month overdraft fee (and that's on an authorised overdraft) are a bind.

With the current 'bank account war' that is happening on the high street, I just wondered if there was anything similar for less money (with similar perks).

Any opinions appreciated. Thanks.

How can it be a "fee-free" overdraft if it has a monthly fee?

MME_2

The £5 fee is only paid if you use more than £510 of the overdraft.

pinkdalek

Camorra wrote: »

Hi all,

I have a Lloyds TSB Vantage Premier Joint Currrent Account. I currently pay £25 per month for the privilege.

I was wondering if there is anything better out there for less money per month. The current perks I get with this account are:

• AA Roadside Assistance with Relay, Stay Mobile, Home Start and Accident Management Service
• Mobile Phone Insurance and Save What Matters™ (Mobile Phone Insurance on 3 x phones, as it is a joint account)
• Worldwide Travel Insurance including family and winter sports cover
• £500 interest and fee-free Planned Overdraft (subject to application and approval)
• ID Aware
• Home Emergency Cover (which includes free boiler cover between November and April).

They still charge you their usual £5 per month, if you go overdrawn (even a penny). This is standard for all planned overdrafts across all LloydsTsb current accounts.

I like all the perks, but the cost combined with the mandatory £5 per month overdraft fee (and that's on an authorised overdraft) are a bind.

With the current 'bank account war' that is happening on the high street, I just wondered if there was anything similar for less money (with similar perks).

Any opinions appreciated. Thanks.

Switch to Halifax's Ultimate Reward you get the same benefits as above except the free overdraft is £300.

You can still get the £100 switching incentive.

It's £15 per month, but if you fund it with >£1000 you get a £5 reward back, therefore costing you £10 a month.

The only concern would be if you use the overdraft as over £300 you would be charged £1 per day.

pwuk

See if you can remain with Lloyds - personally I like their service, although I'm aware that there are lots on here who would disagree!

The next time that you are in branch ask to speak to a Senior Personal Banker or the Branch Manager with regard to upgrading to a Priivate Premier Account. This has all the benefits of their Premier Account with extra benefits on top, plus greater flexibility for £15pm.

Subject to their criteria but you might satisfy this. If not I would opt for First Direct.

Good luck.

Biggles

You're paying £300 a year for about £150-worth of 'perks'.

I'd move to the Lloyds Classic a/c (free and pays interest) and buy your insurance on the market.

opinions4u

Halifax Reward Current Account.

Gives you £60 towards buying cheaper cover elsewhere!

Don't go overdrawn though.

[Deleted User]

Halifax's Ultimate Reward is pretty good for the money. Remember if it's a joint account, you can also open a sole free Reward account each too, and cycle your monthly £1000 through them all to get three £5 rewards, effectively making the Ultimate account free.

Camorra

Biggles wrote: »

You're paying £300 a year for about £150-worth of 'perks'.

I'd move to the Lloyds Classic a/c (free and pays interest) and buy your insurance on the market.

Hey thanks for the comment, but i think you have your sums wrong. Yes, it is £300 per year, but I have mobile phone Insurance on 3 phones (most mobile phone insurance is around £10 per phone per month for i-phone). Then I get the 'full monty' AA breakdown cover worth around £100 per year (or maybe more). Then I get afull family worldwide insurance including winter sports (minimum £50). Then I get home emergency breakdown cover, including 24 hours boiler cover during the winter months (this policy on it's own is worth about £150). There are a few more minor perks and I do not pay any interest on an overdraft up to £500.

Now this whole package is worth more than £150.00, for sure....

I am just looking for a way to reduce the £300 per year to £200 or less.... :cool:

opinions4u

including 24 hours boiler cover during the winter months (this policy on it's own is worth about £150

The £150 a year type policies tend to include an annual service. What happens in the summer months?

Nowhere near £150 in value.