On Saturday morning the BBC’s Breakfast programme had a feature on current accounts and the bonuses they are currently offering. Here are the findings:
Alliance and Leicester (A & L) are offering £100 bonus if you sign up to its Premier Current Account. However this does come with charges. An authorised overdraft costs 50p per day, whereas an unauthorised overdraft costs £5 per day. You can sign up for an Alliance and Leicester Premier Current Account here
The HBOS Reward Current Account offers a £5 monthly cash bonus but with similar overdraft charges – £1 a day for an authorised overdraft and £5 per day for an unauthorised overdraft. You can learn more about the HBOS Reward Current Account here
The Abbey Travel Reward Account and the Abbey Family Reward Account offer incentives such as travel insurance and discounts on hotels and shopping. However, there is a monthly fee for these current accounts of £15 per calendar month. You can apply for an Abbey Travel Reward Account or Family Reward Account here
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