All the updated news related to current account

All the news related to current account updated in real time

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Personal Finance

Santander increasing interest rate on flagship 123 current account

Santander UK is increasing the rate on its flagship 123 Current Account, after previously making a series of cuts. The bank will boost the in-credit interest rate on its 123, Select and Private current accounts by 0.2 percentage points, to 0.5%, on ...

08 Mar 2022 at 13:55

City

Current account switching accelerated in final quarter of last year, data shows

Nearly a quarter of a million current account switches took place during the last three months of 2021, as the number of customers ditching their bank to move elsewhere accelerated. Some 248,902 accounts were switched between October and December. ...

27 Jan 2022 at 01:26

City

High street banks ‘losing vice-like grip on UK’s current accounts’

Around one in 12 (8%) personal current accounts are now held with a digital “challenger” bank, up from just 1% in 2018, according to the City regulator. The Financial Conduct Authority (FCA) said these banks have “attracted customers in part by ...

20 Jan 2022 at 15:55

Personal Finance

NatWest and Nationwide ‘make strongest gains among current account switchers’

NatWest made the strongest gains among customers ditching and switching their current account between January and March this year, according to figures published by a switching service. It was followed by Nationwide Building Society, Starling ...

28 Jul 2022 at 01:01

Personal Finance

Current account customers can get as much as £200 by switching bank accounts

Competition in the current account market is heating up, with HSBC UK launching its biggest switching offer since 2018. The bank launched a new £200 current account switching offer on Monday to eligible customers looking to switch to an HSBC ...

07 Nov 2022 at 13:16

Personal Finance

Current account switching picks up pace in July before interest rates cut

More than 100,000 current account switches took place in July as people locked into better savings deals before the Bank of England cut interest rates, new data has shown. However, the total number of switches slowed between July and ...

31 Oct 2024 at 00:01

Personal Finance

First Direct relaunches its offer of £175 to switch current account

First Direct has relaunched its £175 cash-to-switch incentive on current accounts, at a time when many similar offers have vanished from the market. The bank said it previously saw significant take-up of the incentive when it ...

07 May 2024 at 00:01

Personal Finance

Starling Bank is boosting its current account interest rate to 3.25%

Starling Bank will pay 3.25% interest on current account balances up to £5,000 from October 1. The move will mean that personal and joint account customers of the digital challenger bank can earn interest on their balance ...

28 Sept 2023 at 16:01

Personal Finance

Bank launches offer of £200 to switch to its current accounts

Santander UK has launched a £200 switching offer in a sign that the battle to attract current account customers is heating up. The offer is open to new and existing customers when they switch to a Santander Edge, 123 ...

23 Jan 2023 at 11:29

Personal Finance

Cash to switch offers on current accounts disappear

Current account customers looking to switch their provider will find that several offers of free cash have recently vanished, according to a financial information website. A £175 switching offer from First Direct ...

23 Apr 2024 at 14:11

Local News

From Kilkenny? Switching current account? Your credit union has you covered!

Having a current account with a bank is one of those activities a lot of people don’t give a second thought to once they’re signed up. Sure they’re all the same anyway. Aren’t they? Well, even if they are, who ...

26 Apr 2022 at 09:33

Personal Finance

One in 100 current account applications is fraudulent, says Experian

Around one in every 100 current account applications is now fraudulent, with money muling often being behind such incidents, according to a financial information company. Money mule activity is often behind ...

12 Jun 2023 at 00:01

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