Banking & Saving - Online banking 'can help with money management'
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Latest News Online banking 'can help with money management'
Online banking 'can help with money management'
Using internet banking could be an effective way for people to keep track of their debts, it has been suggested.
Britons should consider the use of an online bank account in their efforts to manage money.So claims Moneymagpie.com founder Jasmine Birtles, who notes that consumers should make use of internet banking to check their UK account on a regular basis.
By doing so, not only can they keep track of their money management - "to see what's coming and what's coming out" - but they can also ensure that their account has not been compromised by fraudsters.
Indeed, she notes that such crime is becoming increasingly prevalent.
Those looking to get to grips with their finances may also be interested in her points that a household's main monetary objective should be to clear off any debts owed on credit cards.
"If they have got credit card debt then that should be their first focus", she claims, adding that after this people should concentrate on building up their saving account">saving account balances.
Her comments come as research from the Financial Services Authority revealed that around half of families claim they would not be able to survive for more than a month should illness or some other unexpected event see them lose an income.
By Emma North
Monday, 21 December 2009 00:00
| Provider | AER | Min Bal | O/D Rate | O/D Buffer | Apply |
|---|---|---|---|---|---|
| View Full Table > | |||||
 |
A&L Premier Direct Current Account | ||||
|
5%
|
£1
|
0%
for 12 mths
|
£2,000
|
||
 |
Santander In-Credit Current Account | ||||
|
5%
|
£1
|
0%
for 4 mths
|
£5,000
|
||
|
|
Santander 0% Overdraft Current Account | ||||
|
0.10%
|
£1
|
0%
for 12 mths
|
£5,000
|
||
 |
Lloyds TSB Classic Plus Account | ||||
|
2.50%
|
£1
|
No Offer
|
No Offer
|
||
 |
Lloyds TSB Current Account with Vantage | ||||
|
4%
|
£1
|
No Offer
|
No Offer
|
||
- 5.0% Annual Earnings Rate on balances up to £2,500
- **(5.0% is fixed for 1 year)**
- 0.1% AER (variable) on balances over £2,500
- £2,000 0% overdraft facility for 12 months from account opening, then 50p a day (up to £5 a month) if agreed by Alliance and Leicester.
- You have to pay at least £500 per month into your current account
- You must be over the age of 21
- Earn 5% AER on balances up to £2,500 for 12 months
- After 12 months you will earn 1.0% AER on any balance on the account
- 0% EAR on Overdrafts for the first 4 months (up to £5,000 depending on your circumstances), after this it will revert to 19.9%EAR
- Manage your day-to-day money for free with no monthly account fee, no transaction charges and no charges for using account facilities - as long as you remain in credit
- Get a cheque book and a Visa Debit card. You can use your Visa Debit card in shops wherever you see the Visa symbol and at virtually every cash machine in the UK and many worldwide. It also acts as a £100 cheque guarantee card
- Access to your money 24 hours a day 7 days a week through our e-banking service, 750+ branches, 24-hour telephone banking service, LINK cash machine network or even by post
- At least £1,000 a month must be credited to get 5% AER on balances up to £2,500
- If not switching earn 6% AER on balances up to £1,000 for 12 months if £1,000 is credited each month
- 0% overdraft for 12 months
- After 12 months you will pay an Advance Overdraft rate of only 12.9% EAR
- When switching, Abbey will offer to match your previous overdraft up to £5,000. *Conditions apply*
- Earn 0.1% AER on any balance on the account
- Get a cheque book and a Visa Debit card. You can use your Visa Debit card in shops wherever you see the Visa symbol and at virtually every cash machine in the UK and many worldwide. It also acts as a £100 cheque guarantee card
- Access to your money 24 hours a day 7 days a week through our e-banking service, 750+ branches, 24-hour telephone banking service, LINK cash machine network or even by post
- At least £1,000 a month must be credited to benefit from this offer
- 2.5% AER / 2.47% Gross (variable) on balances up to £2,500, when you pay in at least £1,000 per month into your current account.
- 0.1% AER / Gross (variable) on balances over £2,500.
- Free banking – no charge for everyday transactions when you’re in credit.
- Access to one of the biggest banking networks in the UK with over 1,900 branches and 32,000 LINK cash machines.
- A VISA debit card you can use in over 500,000 places in the UK and 18 million outlets worldwide.
- Commission-free foreign currency and non-sterling American Express Travellers Cheques.
- Utilise the speed and control of Internet Banking, if you are registered.
- You can call PhoneBank ® (based in UK) to speak to our advisors or use our quick automated service, 24 hours a day, 7 days a week.
- "Interest paid monthly. AER (Annual Equivalent Rate) – the rate if interest was paid and compounded once a year. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law. PhoneBank® is a registered trademark of Lloyds TSB Bank plc."
- Earn up to 4.00% AER / 3.93% Gross variable on balances up to £7000 when you pay in £1,000 per month.
- 4.00% AER (3.93% Gross) on balances £5,000 up to £7,000
- 3.00% AER (2.96% Gross) on balances between £3,000 and £4,999
- 2.00% AER (1.98% Gross) on balances between £1,000 and £2,999
- 0.10% AER / Gross on balances upto £1,000 or over £7,000
- Free banking - no charge for everyday transactions when you're in credit
- Visa Debit card with access to 1,800 UK Branches and 58,000 LINK cash machines, use in over 500,000 outlets in the UK, 27 million worldwide
- Commission-free foreign currency and non-sterling American Express Travellers Cheques
- Utilise the speed and control of Internet Banking, if you are registered
- Call a UK call centre to speak to our advisors or use a quick automated service, 24 hours a day, 7 days a week.
- Interest rates are correct as at 02/02/09
AER (Annual Equivalent Rate) – the rate if interest was paid and compounded once a year. Gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law.
PhoneBank® is a registered trademark of Lloyds TSB Bank plc.
Account opening is subject to our assessment of your circumstances; you must be 18 or over to apply.
PhoneBank® is a registered trademark of Lloyds TSB Bank plc.
Account opening is subject to our assessment of your circumstances; you must be 18 or over to apply.
- Free day-to-day banking without subscription charges
- Overdraft available subject to eligibility, giving your finances some breathing space
- Chequebook available subject to eligibility; handy when cash or cards aren't convenient
- Monthly statements with all your transactions and your balance - by post or online. Or pick up a mini-statement from our cash machines
- A carbon neutral debit card (subject to status).
- Online Banking – do your banking from home (subject to registration).
- Telephone Banking – pay bills and more (subject to registration).
- A network of over 1,700 branches.
- Draw on cheques paid in before they clear (subject to status and limit).
- An overdraft: 19.3% EAR typical variable*. Subject to status and application. Overdrafts are repayable on demand.
- Barclays £2,500 Overdraft Reserve Option:
- - One Reserve Usage Fee of £22 for each five consecutive working day period from the day you start using your Reserve.
- - No interest payments on your Reserve balance. 0% EAR typical.
- - The Reserve is repayable on demand. The maximum Reserve is £2500, subject to status.
- - One Returned Transaction Fee of £8 for each returned transaction where you exceed your Reserve.
- - One Guaranteed Transaction Fee of £8 for each guaranteed payment made where you exceed your Reserve.
- Halifax will give you £5 each month you pay in £1,000, whether you're in credit or overdrawn.
- This account offers a flexible 0% Overdraft facility:
- - £1 per day - if you use an 'Arranged' overdraft up to and including £2,500
- - £2 per day - if you use an 'Arranged' overdraft up to and including £2,500
- - £5 per day - if you use an 'Un-Arranged' overdraft
- A Halifax Visa debit card
- Access to the extensive branch Network
- 24/7 Online Banking Access
- YOU NEED TO PAY £12.50 PER MONTH FOR THIS ACCOUNT
- **Customers will now be able to get the first three months at only £6 per month (instead of £12.50)**
- How to get 10% AER on your savings with this account...
- Step 1: Open your HSBC Plus Account and agree to pay £12.50 per month for at least 12 months.
- Step 2: Open a joint Regular Saver Account (as a Plus Customer you will be given a higher interest rate of 10% rather than 8%)
- Step 3: You can move between £25 - £250 per month from Plus Account to the Regular Saver Account
- Step 4: If you invest £250 per month, a total of £3,000 will be paid into your account during the 12 month term. At 10% interest, you will earn approximately £163 interest (gross).
- WARNING: Partial withdrawals are not permitted from a Regular Saver Account. If you decide to close your account before the first anniversary HSBC Flexible Saver rate will apply (Currently 0.10% AER).
- Overdraft facility at 17.9% EAR variable is available, however this is on a case-by-case basis.
- Fee free cash withdrawals worldwide
- Worldwide family travel insurance (inc. winter sports cover - up to aged 70) - Worth £180 per year!
- ID Theft Assistance- £80 per year
- Life Cover - £43 per year
- Roadside Breakdown Assistance - £92 per year - Price based on RAC Solution 1 cover before any discounts.
- YOU MUST BE 18+ & PAY AT LEAST £500 PER MONTH INTO THIS ACCOUNT
- HSBC
- Automatically transfer your Direct Debits and standing orders to your new account
- New cheque book & Debit Card within a week of you opening your account...or HSBC give you £10
- Enjoy a 0% overdraft for two months, while HSBC transfer your account After this time the overdraft rate will be 19.9% EAR variable
- Make the most of your savings with a linked HSBC Regular Saver Account
- Sleep easy knowing you're supported by Identity Theft Assistance, which includes one free online credit report per year
- If you're on the move, keep tabs on your balance and transactions with Monilink Mobile Banking
- Manage your money with free 24/7 Internet Banking*, pay bills and make payments securely.
- Telephone and branch banking are also available
- Free HSBC Bank Debit Card to pay for goods and services at home and abroad**
- Get up to £50 cashback at various UK outlets when you pay with your free HSBC Bank Debit Card
- Monthly statements (or Go Green to save paper and view your statements online)
- Free everyday banking - no monthly subscription charges.
- No arrangement or renewal fees - on overdrafts up to £15,000. And pay no interest on agreed overdrafts of up to £100.
- Save on your mortgage - use your Interest Paying Current Account balance to save money with our Offset Service.
- Easy access to your money - your debit card gives you access to almost every cash machine in the UK. You can also pay for goods and services wherever you see the logo shown on your card.
- Online banking - manage your money 24 hours a day, 365 days a year with our telephone and internet banking services. (Except for short periods of essential maintenance.)
- Overseas money - get money in local currency at cash machines and buy goods wherever you see the logo shown on your card.
- Statements - monthly statements list all transactions and your current balance. You can also get mini-statements from any cash machine.
- Earn interest - we pay interest on your account; it's calculated daily and credited once every month.
- CardOneBanking offers the following:
- Guaranteed Acceptance
- Sortcode & Account Number
- Prepaid MasterCard card
- 24 hour account management by Phone, Text and Online Banking
- Dedicated Account Manager
- NO OVERDRAFT FACILITY – No risk of going overdrawn
- NO EXTRA CHARGES – No charges for bounced standing orders
- NO CREDIT CHECKS! – Guaranteed to be accepted, regardless of your past credit
- YOU must be 18+ and UK resident
- £30 account opening fee and £12.50 monthly management fee
