Family Health Insurance Plan - Saving Money Is Becoming Easier Every once in awhile there will be front page news about the health care crisis. The escalating costs for hospital and physician services are making it more difficult for the insurance companies to stay competitive and at the same time take care of the ... Money Making Internet Site There is much money to be made on the internet; and there is a market available. After searching the internet, I found many ways to start a business, but nothing compares to simultaneously launching five avenues of income producing websites to receive ... Save money on UK household utility bills In the UK the home utility market has been deregulated. This allows home and business consumers to choose their energy, home phone and broadband provider. Gas In 1986 British Gas, the only company providing gas to homes in the UK, was privatised. ...
How To Earn More Money On Your Current Account & Pay Lower Charges When You Are Overdrawn
If you are banking with one of the big four UK banks - Barclays, Natwest, Lloyds TSB or HSBC then you will be earning very little interest on your hard earned cash that is sitting in your current account. Typically you will be earning just 0.1 % interest through these banks. If you shop around, you will find that you could be earning between 2% to 5% which is up to 50 times more interest! Some good rates can be found at Alliance & Leicester, First Direct, Abbey National, Cahoot, Intelligent Finance and Halifax.
If you find that you go overdrawn quite a lot of the time, then rather than looking for the highest interest rate, you should concentrate on finding the lowest overdraft rate. Again if you shop around, you can find much better overdraft interest rates sometimes less than half of what you might currently be paying. Also some banks or building societies will even give you a 0% overdraft for switching to them, now it can't get any better than that! Also watch out for special deals that some banks do from time to time where they will give you anywhere between £25 to £100 just for moving your account.
Of course you may well be thinking that this is all very well, but its going to be such a hassle changing banks with my standing orders, direct debits etc.. Well the good news is that it is much easier these days to move your bank account as the banks will automatically move your standing orders and direct debits for you.
One thing that you must remember to do is let your employer know your new bank details so that your salary can be paid in to your new account. Most banks will expect you to pay in a minimum amount in each month usually between £1000 to £2000 a month.
Another way to lower your overdraft charges is to never exceed your overdraft limit as this is definitely going to cost you a lot, just stay within the limit or ask for an increase in your limit if you need it.
About the author:
Jose Miguel Poza runs several financial websites and if you would like to read more about saving money and where to get good deals on bank accounts, please visithttp://www.uk-bank-acc ounts.com
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