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  • Banks trusted most to provide basic bank account services - 4th November, 2009

    While high street banks have traditionally dominated the UK basic bank account sector, the likes of Sainsbury's and Tesco now also offer alternatives as they move into the financial product market.
    However, research conducted by moneysupermarket.com shows the overwhelming majority of consumers would still rather have their money looked after by the traditional high street elite than a company more renowned for selling fruit and vegetables...

  • Personal bank accounts for students offered - 10th July, 2009

    Lloyds TSB has announced that its new student account for those entering university in September will help them to save money while receiving an education.
    The product comes with a National Union of Students Extra card, providing discounts at the stores of 60 UK retailers, and the personal bank account also comes with an interest-free overdraft...

  • Santander launches business banking - 1st July, 2009

    Alliance & Leicester and Abbey are today (July 1st) merging under the business banking brand Santander.
    The firms' 20 regional branches will be rebranded under the move, which sees both companies, along with Bradford & Bingley Savings, join their expertise to provide services in the business banking sector...

  • 1.8m Brits open first bank account since 2003 - 29th June, 2009

    Some 1.8 million Brits opened their first bank accounts in the past six years, according to new data.
    Figures from the British Bankers' Association (BBA) highlighted that a total of 3.6 million accounts were opened over the period, with half of these being opened by people with no previous banking experience...

  • Tesco offers bank accounts 'consumers can trust' - 26th June, 2009

    Supermarket giant Tesco has revealed it is branching out into banking and will provide a current account product that consumers can trust.
    Bennie Higgins, chief executive of Tesco Personal Finance, explained that the firm's personal bank accounts would shake up the industry by operating around its customer-focussed ethos...

  • Business banking account announced by Alliance & Leicester - 22nd June, 2009

    Small companies with a turnover of more than £1 million may be interested in a new business banking account from Santander member Alliance & Leicester.
    The Free Business Current Account offers a market-leading interest of six per cent annual equivalent rate which is fixed for the first year, alongside no-fee cash deposits and day-to-day banking...

  • Nationwide announces new overdraft rate - 2nd June, 2009

    One basic bank account from Nationwide will soon charge customers less for going overdrawn, the building society has announced.
    Nationwide's FlexAccount - a basic bank account which includes features such as access to internet banking - will charge those who dip into their authorised overdraft interest at a rate of 18.9 per cent.
    Those who go over their authorised limits will not see this rate increase...

  • Internet banking security systems updated - 1st June, 2009

    NatWest and the Royal Bank of Scotland (RBS) have announced changes to their internet banking security systems which they claim will help reduce the potential for breaches.
    The two financial service providers, which are both part of the RBS group, are introducing an online security system called the Rapport, from software provider Trusteer.
    Rapport will be used on all basic bank accounts offered by the banking groups. In a statement, the banks quoted research which revealed that more than half of online malware attacks go undetected...

  • Best basic bank accounts recommended - 29th May, 2009

    Basic bank accounts come in all different shapes and sizes. Now one financial magazine has compiled a shortlist of the best basic bank account providers in the UK for its annual awards.
    Moneywise has rated the banks on their levels of customer service, claiming that this is one of the most important aspects of banking during the credit crunch...

  • Alliance & Leicester basic bank accounts offer 'running out' - 22nd May, 2009

    Basic bank account customers who switch their current accounts to Alliance & Leicester have just seven days to go if they want to take advantage of the bank's £100 cashback offer.
    The offer, which is available to customers who open a new Premier Current Account of Premier 50 Current Account, pays £100 into the account within four months of it opening...

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