Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
Coronavirus Coming Storm Act Now to Protect Yourselves and Family to Survive COVID-19 Pandemic - 19th Feb 20
Future Silver Prices Will Shock People, and They’ll Kick Themselves for Not Buying Under $20… - 19th Feb 20
What Alexis Kennedy Learned from Launching Cultist Simulator - 19th Feb 20
Stock Market Potential Short-term top - 18th Feb 20
Coronavirus Fourth Turning - No One Gets Out Of Here Alive! - 18th Feb 20
The Stocks Hit Worst From the Coronavirus - 18th Feb 20
Tips on Pest Control: How to Prevent Pests and Rodents - 18th Feb 20
Buying a Custom Built Gaming PC From - 1. Delivery and Unboxing - 17th Feb 20
BAIDU (BIDU) Illustrates Why You Should NOT Invest in Chinese Stocks - 17th Feb 20
Financial Markets News Report: February 17, 2020 - February 21, 2020 - 17th Feb 20
NVIDIA (NVDA) GPU King For AI Mega-trend Tech Stocks Investing 2020 - 17th Feb 20
Stock Market Bubble - No One Gets Out Of Here Alive! - 17th Feb 20
British Pound GBP Trend Forecast 2020 - 16th Feb 20
SAMSUNG AI Mega-trend Tech Stocks Investing 2020 - 16th Feb 20
Ignore the Polls, the Markets Have Already Told You Who Wins in 2020 - 16th Feb 20
UK Coronavirus COVID-19 Pandemic WARNING! Sheffield, Manchester, Birmingham Outbreaks Probable - 16th Feb 20
iShares Nasdaq Biotechnology ETF IBB AI Mega-trend Tech Stocks Investing 2020 - 15th Feb 20
Gold Stocks Still Stalled - 15th Feb 20
Is The Technology Stocks Sector Setting Up For A Crash? - 15th Feb 20
UK Calm Before Corona Virus Storm - Infections Forecast into End March 2020 - 15th Feb 20
The Growing Weaponization of Space - 14th Feb 20
Will the 2020s Be Good or Bad for the Gold Market? - 14th Feb 20
Predictive Modeling Suggests Gold Price Will Break Above $1650 Within 15~30 Days - 14th Feb 20
UK Coronavirus COVID-19 Infections and Deaths Trend Forecast 2020 - 14th Feb 20
Coronavirus, Powell and Gold - 14th Feb 20
How the Corona Virus is Affecting Global Stock Markets - 14th Feb 20
British Pound GBP Trend and Elliott Wave Analysis - 13th Feb 20
Owning and Driving a Land Rover Discovery Sport in 2020 - 2 YEAR Review - 13th Feb 20
Shipping Rates Plunge, Commodities and Stocks May Follow - 13th Feb 20
Powell says Fed will aggressively use QE to fight next recession - 13th Feb 20
PALLADIUM - THIS Is What a Run on the Bank for Precious Metals Looks Like… - 13th Feb 20
Bitcoin: "Is it too late to get in?" Get Answers Now - 13th Feb 20
China Coronavirus Infections Soar by 1/3rd to 60,000, Deaths Jump to 1,367 - 13th Feb 20
Crude Oil Price Action – Like a Coiled Spring Already? - 13th Feb 20
China Under Reporting Coronavirus COVID-19 Infections, Africa and South America Hidden Outbreaks - 12th Feb 20
Will USD X Decline About to Trigger Precious Metals Rally - 12th Feb 20
Copper Market is a Coiled Spring - 12th Feb 20
Dow Theory Stock Market Warning from the Utilities Index - 12th Feb 20
How to Get Virgin Media Engineers to FIX Hub 3.0 Problems and NOT BS Customers - 12th Feb 20
China Under Reporting Coronavirus COVID-19 Infections by 66% Due to Capacity Constraints - 12th Feb 20
Is Coronavirus the Black Swan That Takes Gold To-Da-Moon? - 12th Feb 20
Stock Market 2020 – A Close Look At What To Expect - 12th Feb 20
IBM AI Mega-trend Tech Stocks Investing 2020 - 11th Feb 20
The US Dollar’s Subtle Message for Gold - 11th Feb 20
What All To Do Before Opening A Bank Account For Your Business - 11th Feb 20
How and When to Enter Day Trades & Swing Trade For Maximum Gains - 11th Feb 20
The Great Stock Market Dichotomy - 11th Feb 20
Stock Market Sector Rotation Should Peak Within 60+ Days – Part II - 11th Feb 20
CoronaVirus Pandemic Stocks Bear Market Risk 2020? - Video - 11th Feb 20

Market Oracle FREE Newsletter

Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Britain's Best Bank for Personal Banking, Current Account Services Poll Results

Personal_Finance / Current Accounts May 12, 2007 - 12:05 AM GMT

By: Shahla_Walayat


The poll conducted by the shows that out of a selection of 29 choices the highest votes cast for the best bank for UK personal banking services, (primarily current account and linked products) are for the Abbey National.

In total 617 votes were cast between 26th April and 11th May 2007. The top 8 financial institutions for personal banking services are -

  1. Abbey National (60)
  2. Nationwide (56)
  3. Halifax (53)
  4. First Direct (47)
  5. Alliance and Leicester (46)
  6. SMILE (44)
  7. Cahoot (37)
  8. Intelligent Finance (36)

For the full results click here

To analyse why Abbey National was voted the best bank, we have to take a look at the services offered by the Abbey National.

Apart from the usual facilities available from all of the top financial institutions in the poll such as, free online banking, debit card and cheque book. What seems to have set the Abbey National Apart are -

  • 6.3% on Account transfers on the first £1000 for the first 12 months
  • Optional sweep facility
  • Preferred 10.9% overdraft rate
  • Variety of linked products
  • Abbey National good branch service with extended opening times over other banks.

Even though the Abbey was placed first, the runners up were not far behind and do deserve an analysis of key benefits offered.

Nationwide Building Society - Flex account

  • Earn 4.25% interest (when paying in more than £1000 per month)
  • Low authorised overdraft rate of 7.75%
  • Commission free purchases abroad using the Debit or Credit card.

Halifax - High Interest Current Account

  • 6.17% interest on credit balances (up to £2,500)
  • Large branch network
  • Good online banking facilities

Another factor to consider is the size of the bank and the size of the existing customer base that has likely helped a relatively larger bank such as the Halifax come out ahead of say the Alliance and Leicester.

Therefore when looking into a choice for a current account and linked services, one should look to evaluate all 8 of the top financial institutions to fine tune which bank's services fits in with individual needs.

Please feel free to add your comments below.

By Shahla Walayat

Copyright © 2007

The is a FREE Daily Financial Markets Forecasting & Analysis online publication. We present in-depth analysis from a range of experienced market analysts on their views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on probable market direction.

Disclaimer - does not guarantee the accuracy of the information provided, and does not accept any liabiliity for its accuracy, which is for general information purposes only as a starting point for your own research.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


12 May 07, 11:23
Halifax Review

I bank with the Halifax and I am happy with their service.

There online banking is good with instant transfers between accounts.

Though if you are a longstanding customer you need to call them up to swtich your curent account to the high interest account. They have done a bit of a dirty trick on existing customers, as your interest rate dropped and unless you swtich to the high interest your rate of interest will be poor. You CANNOT do this online, but you can swtich to the ultimate accoutn online and NEW customers can open the high interest account online

As I say this is a dirty trick on existing customers, so I recommend all existing halifax current account customers call the bank and get thier account swtich to high interest !

14 May 07, 08:42

I have been with the Abbey for over 10 years now and am happy with their service.

Any problems have been resolved by a quick call to their 24 hour call centre.

07 May 08, 19:02
HSBC Review

i'm switching to abbey now after 6 years with HSBC i'm tired of there slow lackluster and inefficient service. they don't offer alot of optional extras and seem to make a bit of a fuss when i ask them for somthing that most other banks offer anyway, when i couldn't order somthing with my card they actually asked me if i could pay for it with somone elses card and give them the money!!! i've been trying to re register my acount to my new adress for the last month or so and it still isn't sorted out. just thought i should share my experiance and have a bit of a rant about it.

17 Oct 08, 15:20
HSBC - probably the worst service of all the banks

I agree with Kim. HSBC really make a big deal out of everything. They make is sound as if they are doing you a favour by offering services (which are standard of every bank). I found this site since I was looking for an alternative. I have tried Barclays Premier. The Premier bank manager offers a great service. But is let down by the rest of the organisation. I cant pin my entire hopes of a good service on just one guy. Hence my search for an alternative provider.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules