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“There are lots of good offers” on the market for bank accounts, say experts

March 20, 2008 by admin  
Filed under News, News-Banking

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Due to the effects of the credit crunch meaning banks are having difficulty finding funds, “there are lots of good offers” on the market for bank accounts for UK consumers, one expert has said.

Fool.co.uk said there are differences to be found between bank accounts but to spot them consumers will have to keep their eyes peeled.

David Kuo, head of personal finance at fool.co.uk, said: “There are no ‘one size fits all’ when it comes to current accounts. So thanks to the plethora of choices, consumers can find one account that most suits their lifestyle.”

He added, as an example, if you regularly go overdrawn then a current account that provides an overdraft buffer will probably be best.

Meanwhile, a survey by Mintel has previously found that British people are more likely to get divorced than to change their bank accounts.

Up to one in two respondents were rated as being either ‘dissatisfied or extremely dissatisfied’ with their bank’s service, according to the survey.

Tags: bank, United Kingdom, uk, Head of Personal Finance, Mintel, plethora, suits

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