Tuesday 18 May 2010

How to choose the best current account for you - MoneyWeek

How to choose the best current account for you - MoneyWeek: "Your current account is the bank account you use the most. And yet it's the one most of us spend the least time selecting. Odds are your parents took you into their local bank to open an account when you were a child and you haven't given it a second thought since.
It is time you did. The banks know that most of us are entirely apathetic about our accounts and they use that knowledge to rip us off. If you are usually in credit the chances are you are getting an absolutely paltry rate of interest – think 0.1%. And if you are usually in the red, then in all likelihood you are paying an extortionate rate of interest on your debt of up to around 20%."

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