Wednesday, 13 February 2008
Current Account Interest
They say you're more likely to get divorced than change your bank account. I've been with Natwest since I was 17. That £50 they gave me to join when I was starting Uni basically paid for 7 days drinking in freshers week. Inflation hasn't been kind to that offer since I joined in 1997 and last I saw they were offering about £25 to join the student account. Shows I didn't study economics as that looks like the value has gone down, not up.
Anyway, I think I get an almighty 0.1% interest on any balance in my account. I checked out a price comparison site and found Alliance & Leicester were offering 8.5% (until April 2008) on current accounts. Anything is better than 0.1%. I don't quite understand how Natwest can have any customers when other banks will throw money at you to join.
Anyway, if anyone else fancies joining A&L, they will give us £50 to share as introduction fee. Just let me know and I'll give you the form to complete! :D