Second best in life settled for by many Brits
Published: 10 August 2009 By MoneyhighStreet Staff Leave a Comment
According to Abbey, part of Santander, some 75% of Brits have settled for second best in some aspect of their life, including their current account.
- 30% settle for their second choice career
- 24% settle for their second choice property
- 22% don’t live in their preferred location
- 19% settle for a second best partner or relationship
And 47% of Britons don’t feel they have enough money to get their first choice in many areas of their life.
As Gillian Almond of Abbey Bank Accounts comments ‘Settling for second best is easy when it comes to personal finance, as many current account providers rely on apathy or misplaced loyalty to give you n return on your cash at all.
People should vote with their feet, and hot-foot it to an account which give market-leading interest, at a time whn others are reducing the value they provide.
Abbey’s Preferred In-Credit Rate current account pays credit interest of 6% AER (fixed) on balances up to £2,500 for the first 12 months.
Alliance & Leicester’s Premier Direct current account also pays 6% AER (fixed) on balances up to £2,500 for the first 12 months.
In contrast there are a number of current accounts that currently don’t pay any credit interest, including the Current Account Advance from HSBC, the 1st Account from first direct and the FlexAccount from Nationwide Building Society.