Private Banking Accounts, which would you choose ?

Anthorn

Ryan101 wrote: »

Its not £25 its free...........

Monthly charge if you have a
Private!Banking!Premier Current account
If the cleared balance on your current account
is at least £10,000 in credit throughout the
monthly charging period or if you maintain
a managed portfolio with Private Banking of
£250,000 or more – there is no charge.

If the cleared current account balance falls
below £10,000 at any time during the monthly
charging period and you do not have a managed
portfolio with Private Banking of £250,000 or
more – £25 a month.

So you get interest up to £5k of 4%, and the remaining £5k earns you nothing, but saves you £25 per month if you used all the benefits (You need to keep £10k in it to get the £25 fee waived).

Even with the best savings rates you would not make £25 in interest a month on £5k

Oh right, there ya go.

awolo1

You're being extremely sensitive. I'm on topic and I am replying to the points made. This forum is about comparing with others all money things related and writing real life experiences to help other people.

My point remains that people on this forum always judge regarding those who have private banking and it frustrates the hell out of me that people who cannot quality for it have so much to say, such as yourself.

I don't need to disclose who I bank with as I don't want to.

awolo1

op said in his own words: I am just looking for feedback on the product based on your actual or Perceived view of the account or bank itself,

eskbanker

awolo1 wrote: »

You're being extremely sensitive. I'm on topic and I am replying to the points made. This forum is about comparing with others all money things related and writing real life experiences to help other people.

My point remains that people on this forum always judge regarding those who have private banking and it frustrates the hell out of me that people who cannot quality for it have so much to say, such as yourself.

I don't need to disclose who I bank with as I don't want to.

I don't know if those comments are aimed at me (you don't make it clear who the 'you/yourself' is) but for the record I wasn't judging anyone's access to private banking per se, just finding the arrogance and pomposity of the superiority complex amusing, as it's exactly the attitude lampooned by Harry Enfield with his 'Considerably Richer Than You' character....

eskbanker

awolo1 wrote: »

op said in his own words: I am just looking for feedback on the product based on your actual or Perceived view of the account or bank itself,

Yes, 'the product' being three specific named accounts rather than the principle of private banking....

Veils1

Ryan101, why dont you contact them all and make their client managers fight for you for a while?