Best Premier Current Accounts Article Discussion Area

thebigbosh

Keen on getting an HSBC premier account for the credit card principally but don't full qualify for any of the criteria. Do they ask for proof of salary or do they base it on what's coming through your account? If the latter, I could get through I think

Kiwekey

I am just wondering please can I have some advice, I have the Lloyds premium account which has all the normal perks of travel insurance, mobile, AA car cover etc but it has AA homecare which is for electricity, pipes etc cover. Now this account is £25 a month and isn't offered anymore I am wondering have I got the correct account is paying £25 a month, £10 more than most accounts worth it just for the AA home cover??
Advice welcome please

Savvy_Sue

Kiwekey wrote: »

I am just wondering please can I have some advice, I have the Lloyds premium account which has all the normal perks of travel insurance, mobile, AA car cover etc but it has AA homecare which is for electricity, pipes etc cover. Now this account is £25 a month and isn't offered anymore I am wondering have I got the correct account is paying £25 a month, £10 more than most accounts worth it just for the AA home cover??
Advice welcome please

As I think Martin says in his article, do you need the perks, and what would you have to pay to get them separately? I'm afraid I don't know what you'd have to pay for AA homecare, or what's covered, but that's your starting point.

traveller57_2

hi , we have held a nationwide flex plus for two years ( I have held one for four)We have declared all our medical history for annual world wide travel and have paid an extra £230 for a couple, which was cheaper than other companies and that gave us an extension of 10 days and no excess to pay. We had to claim last year and everything went smoothly ,and the cost this year hasn't risen. Originally I was sole account holde , but realised the vechicle breakdown cover didn't include both of us so we made it a joint account. We travel to lots of different places and only once,( in Bhutan) have had to pay a fee for an ATM. We value this service, its great and saves having to change at the airport for 'closed currencies. You can also take out small amounts on a daily basis whcih suits us .hope this was helpful , this is really new to me !!!!:money:

brodev

I have a Nationwide Flex Plus joint account. My wife and I are both in our early 70s and have preexisting medical conditions. We have taken medical extensions up to 92 days and this costs us £350 per year for this and the conditions. Last year our car broke down in Spain and took 2 weeks to fix. Ins covered our accommodation costs and various taxis back and forth to garage. 2 months later, still in Spain, I had to go to Hospital 3 days before I was due to go home. Again ins. covered my hospital costs as well as extra expenses getting home. They were not perfect but they did take a lot of the strain off me. I would recommend them

paultaylor77

I have a Co-op Bank paid account which costs £11 per month and works for us. Both me and my wife have pre existing medical conditions, which we have declared and are covered for. Some of these are serious and we have had quotes from specialist insurers which start at over £400 per trip. The Co-op cover is for as many trips per year as you like but a maximum of 45 days for one holiday. It also has mobile phone cover and up to 4 airport lounge passes per year.

ajmcg_2

I've been happy with the free Nationwide Current Account up until now but with an impending trip to Brazil I've costed getting worldwide travel insurance and have come to the conclusin that it will be cheaper to go for the Flexplus account costing £10 per month. By keeping £2,500 in the account I will get at least 1.5% more interest that I would get elsewhere on an instant access savings account and I'll save around £40 on my UK breakdown cover. These alone will pay for about £80 of the annual fee of £120. The £40 shortfall will be more than covered by the savings in my additional travel insurance. The other items on offer will be a bonus to me as I might be taking the car to France (European Breakdown cover comes for free). I

welbentryer

Sorry but there is a 'Top Packaged Bank Accounts' section, then a 'Best Buy Packaged Bank Accounts' section. I don't understand the difference. Also why is the word 'null' against Mobile (phone) and I can't figure out where the '£600 of high end travel' figure is derived. Am I being thick today?

grumbler

welbentryer wrote: »

Sorry but there is a 'Top Packaged Bank Accounts' section, then a 'Best Buy Packaged Bank Accounts' section. I don't understand the difference.

What I see is "Top Packaged Bank Account Analyser" that is a tool, not a 'section'.

Also why is the word 'null' against Mobile (phone)

Where?

and I can't figure out where the '£600 of high end travel' figure is derived.

It's an estimation of the total yearly cost of worldwide travel insurance, mobile insurance and a breakdown cover for a family (for those who really need all of them).

welbentryer

A Paid Package Account can be a very useful tool in adjusting your 'bank account portfolio'. I've just used my Nationwide FlexPlus account to switch to an M&S current account to reap the M&S benefits. I intend reapplying for the FlexPlus account immediately because I want all the insurances. As the FlexPlus account is a paid account there should be no problem in being accepted again; no silly D/Debit or minimum income requirements. This is an advantage of having one of these 'isolated' accounts if you can justify the cost. You can easily turn them on and off again. I note Lloyds do a Silver account for the same fee, but to qualify it may require the usual current account conditions such as a monthly income, so why mix 'em? One other point, I note that the AA is sticking to its usual standards by excluding Home Start from its cover. LV (Nationwide) includes Home Start and it is a very useful thing to have!