Thursday 19 January 2012

Next up is Current Accounts!

The current account market is on fire at the moment, banks are so desperate to get new customers that the deals they are offering are awesome!

Just like with savings accounts you can rake in the advantages by doing research and switching to right account at the right time. Most bank accounts are now offering £100 or even more just for switching over to them!
There are lots of other benefits including higher interests rates usually up to 5% on a balance up to £2500. All you have to do is fill a form online and your account will be transferred automatically. The best thing is the banks understand that as it your current account it has a lot of activity, so they will also transfer across your balance, standing orders, direct debits and any payments going in like your salary. This makes it so simple and no reason not to do it. Some accounts will give you the money after a few weeks, some 3 months. Lots of accounts are also offering free overdraft for the first year. This is good if you are not always in the black.

If you want to make this really profitable you can keep on switching accounts as soon as you have got the bonus, this is only if you can put up with having a new card and pin every couple of months.
Lastly my warning is check all the details of the accounts as everyone is different and might not suit your current financial situation.

1 comment:

  1. Urgent! First Direct are offering £125 bonus to sign up to their account, but it must be done by the end of January and you must pay in a salary of £1500 a month!

    First Direct also has a huge 8% savings offer for its 1st Account customers if you can save something every month!

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