Banking customers can take advantage of particularly attractive savings rates if they decide to switch their current account providers now, it has been claimed.
So far in 2007, people who move their current account to financial services provider Abbey can benefit from a 6.3 per cent savings rate on credit balances up to £1,000 from February 1st 2007.
Meanwhile, people who move to a high-interest current account from banking institution Halifax can now take advantage of six per cent interest on the first £2,500, in addition to a £100 introductory bonus.
Andrew Hagger, head of news and press at Moneyfacts.co.uk, argued that it was a good time for people looking to start saving money via their current accounts.
"Current account customers have always been highly sought after by banks and building societies but the battle seems to be intensifying and there are now some really tempting deals out there," he said.
Alternatively, people who wish to boost their savings may wish to consider opening a specialist savings account.
For instance, consumers who open an individual savings account can contribute up to £7,000 per tax year towards the tax free savings vehicle.
Competitive savings rates currently available, analyst suggests
Financial Services > Savings > Savings and Investments News
Competitive savings rates currently available, analyst suggests
Mon, 05 Feb 2007
Recommended links
Find the best rates for UK savings accountsSavings enquiry form
Compare savings providers
Compare UK current accounts
Financial services provider increases savings rates
Financial services provider alters savings rates for savings bonds
| savings news |
|---|
| ISA allowance saves consumers thousands - Fri, 12 Mar 2010 |
| Savings rates falling to fund mortgage cuts - Wed, 10 Mar 2010 |
| Savings accounts hit by latest base rate decision - Mon, 08 Mar 2010 |
| More News |
