All the updated news related to current account

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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 Bank, ...

28 Jul 2022 at 01:01

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%, ...

08 Mar 2022 at 13:55

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 says that your current account has ...

26 Apr 2022 at 09:33

City

HSBC breaches competition rules after admitting ‘bundling’ tactics

More than 200 of HSBC’s small company customers were wrongly told they had to take out a business current account to be able to access a loan, the UK competition watchdog has revealed. The Competition and Markets Authority (CMA) found that ...

30 Mar 2022 at 14:25

Personal Finance

Challenger banks beat high street rivals in current account survey

Four in 10 (41%) current account holders have been with the same bank for more than 20 years, according to Which? This is despite newer challenger banks outperforming traditional names in its current account survey of consumers. Which? ...

09 Feb 2022 at 01:26

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 ...

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 ...

20 Jan 2022 at 15:55

Personal Finance

Santander unveils new current account with cashback and linked savings interest

Competition in the current account market is heating up as Santander has launched a new deal which comes with cashback on spending as well as a linked savings account paying 4% interest. Customers with the new Santander ...

22 Nov 2022 at 01:01

Personal Finance

HSBC raises rate on savings account from 1% to 5%

Savers will see the rate on a fixed-rate account jump from 1% to 5% from December, HSBC UK has announced. The rate on HSBC’s Regular Saver account is fixed for 12 months from the time of opening the account, under the ...

28 Nov 2022 at 14:45

Personal Finance

More than 8m current accounts moved under ditching and switching service

More than eight million current accounts have been switched since a service making it easier for customers to swap their banks or building society easier was launched. The Current Account Switch Service (Cass) was ...

28 Apr 2022 at 01:25

Personal Finance

73% surge in current account switching numbers in first three months of 2023

Current account switching levels surged by more than 70% in the first three months of this year, compared with a year earlier, according to a service that makes it easier for banks’ customers to ditch and switch. ...

27 Apr 2023 at 00:01

Life

Could switching your bank account make you better off right now?

The number of current account customers ditching and switching their bank or building society has jumped recently. Some 341,075 switches took place between January and March 2023 – marking a 73% increase when ...

05 May 2023 at 10:12

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