Moving away from RBS, bot sure which bank?

Kraezae

Hi guys,

Not made many posts here but ive decided that its time to change banks and ditch RBS due to a number of things and poor offers on loans, savings etc i get from them. Their only saving grace is the Smartphone App which is excellent.

I am considering a switch to First Direct as i meet the criteria of earning over £1000 per month. Not really had experience with any other banks besided HBOS than my current bank.

Can anyone advise which is best and gives exisiting customers good rates on Loans etc if needed?

Thanks

grumbler

Kraezae wrote: »

Can anyone advise which is best and gives exisiting customers good rates on Loans etc if needed?

I think most banks give good rates depending on the credit history in the first place, not to existing customers.
IMO, generally there is no point in switching the bank for getting a loan.

Kraezae

grumbler wrote: »

I think most banks give good rates depending on the credit history in the first place, not to existing customers.
IMO, generally there is no point in switching the bank for getting a loan.

Im not inteserted in getting a loan at the moment i just mean that i feel my exisiting bank dont offer good value more than anything.:A

grumbler

For a 'good value' see MSE article: Best Bank Accounts
If you need a loan in the future you can get it from any bank, not necessarily from the one you have your current account with.

rb10

Since a smartphone app seems to be important, you might want to read First Direct's mobile app page, noting that it is 'free until December 2013', and doesn't allow you to make payments from the app.

Nationwide, Santander and Halifax all have excellent mobile apps and better rewards/interest than most other accounts.

mrmajika

rb10 wrote: »

Since a smartphone app seems to be important, you might want to read First Direct's mobile app page, noting that it is 'free until December 2013', and doesn't allow you to make payments from the app.

That's not true.

http://www2.firstdirect.com/1/2/banking/ways-to-bank/mobile-banking-app?WT.ac=FSDT_BA_MSC1509

FD app for both IPhone and Android allows full, free, indefinite access and allows you to make payments from the app.

I think you may be referring to the old Monilink service which was very limited and always had the threat of charging for future use.

pb8770

Have you thought about the Co-operative bank. They too have an app but you can't transfer money or do other things that you can do on on-line banking

pinkdalek

rb10 wrote: »

Nationwide, Santander and Halifax all have excellent mobile apps and better rewards/interest than most other accounts.

Personally the three mentioned above would be worth considering, it depends on what services you like from your bank. All these 3 like RBS offer branch services too.

If you were looking for a loan some banks won't offer them unless you bank with them. Rates these days are personalised and you would get a good rate based on credit history rather than customer loyalty.