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Article: Make the most from your current account Emma Lunn shows you how to work out which offers the best deal for your circumstances
- Article from:
- The Sunday Telegraph London
- Article date:
- October 9, 2005
- Author:
CopyrightCopyright 2005 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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COMPETITION in the current account market has never been fiercer
with banks dangling ever-more generous enticements in a bid to grab
customers from rival providers.
Abbey recently announced that it will pay a headline-grabbing 6
per cent on credit balances, albeit it for a limited time only. Not
to be outdone, Alliance & Leicester announced its own "new and
improved'' current account package offering an overdraft rate of just
5.9 per cent.
With such rates on offer, current account customers can make
substantial savings when compared with the deals on offer from the
"big four'' high street banks.
Barclays, HSBC, Lloyds TSB and NatWest/Royal Bank of Scotland
typically pay just 0.1 per cent ...