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Compare Junior ISA (JISA)
Compare Junior ISA (JISA)

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Child Tax-Exempt Savings Plans

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Did you know that Children's Tax-Exempt Savings Plans (TESPs) also provide a long-term, tax-free way to save for your children's future?


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to find out more about a tax-efficient way to build up a nest-egg for your child in addition to a Junior ISA, and compare providers.



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Compare Current Accounts

 

 Hannah Ricci from

 

Research from Abbey has revealed that although 86% of us are dissatisfied with our bank, a third of us have banked with the same institution for more than 20 years, and almost half of us have had the same account all our working lives. According to Halifax, keeping an account with one of the big banks has cost customers £2.2 billion in low rates of interest on balances and high rates of interest on overdrafts in the last five years.

But banks are not just offering us a poor deal, many are also providing a disappointing service. The Banking Code Standards Board (BCSB), which monitors banks that subscribe to the banking code, received 3,500 complaints in 2005 - an increase of 50% on the previous year.

Despite the level of dissatisfaction, one of the main reasons people don't switch banks is that they are concerned about the amount of work involved. This, however, is a misconception. "It's actually much simpler than people think, as the new provider will sort everything out for you," says Sue Hannums of AWD Chase De Vere. In order to authorise the transfer you simply have to sign a form detailing any direct debits or standing orders that are paid out of your account, and your new bank will look after the rest.

Another reason people don't switch is a presumption that one bank is as bad as the next. However, the current account market is more competitive than ever, meaning the difference between the best current accounts and the worst is enormous.  

 

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Current Account Provider

Account

AER

Product Reviewed

Info

Alliance & Leicester
Current Account

5.00%

16 Reviews from
the Review Centre

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Alliance & Leicester
Current Account
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£10
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Barclays Bank
Current Plus

0.10%

1 Review from
the Review Centre

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MyEggNest on 
Barclays Bank
Current Plus
 and 
receive
cheque for
£10
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HSBC Advance

N/A

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HSBC Bank
Bank Account
and
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cheque for
£10
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to a
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Barclays Bank
Bank Account

N/A

18 Reviews from
the Review Centre

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Barclays Bank
Bank Account
and
receive
cheque for
£10
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a
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Notes: All rates subject to change without notice. Please check all rates and terms before investing or borrowing.

CLICK HERE TO COMPARE THE BEST SAVINGS ACCOUNTS

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MyEggNest's Recommendations

Greasypalm.co.uk
Boost your children and grandchildren's Child Trust Fund and Children's Savings.  MyEggNest has teamed up with Greasypalm - the UK's first online rewards programme to pay you in cash, to save for your children's future. It is a free savings club which earns cashback on your shopping from hundreds of different shops.  

Selected Retailers:

 

 

 

Radcliffe & Newlands
Lump Sum Investments

Puzzled by lump sum investing? Get help from qualified investment professionals. Click here for more information.

Chick
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Interesting Fact

Current Account


Nearly 70% of us have a current account with one of the big four traditional banks; NatWest, Lloyds TSB, Barclays and HSBC.

However, in most cases, they don't provide the best rates. The good news though, is that there are a variety of choices available from local banks to building societies and Internet providers. They all have their pros and cons depending on your circumstances so it's best to search around.

Here's are some of the things you should be looking out for:
  • The fee applicable to the account and what you get for your money
  • A breakdown of charges
  • How the account operates – can you pay bills online, is it a 24/7 phone service



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