Best Current Account. Finance Tips Surviving the Credit Crunch, Top Tips for surviving the credit crunch

Alliance & Leicester Premier Current Account

Offers 0.5% interest, paid monthly, on balances between Ј1- Ј2500 (0.1% on anything over Ј2500). The account also offers free European annual multi-trip travel insurance. Free banking if the account remains in credit. Other incentives include Ј100 for account opened online and account holders take advantage of the free switching service for their direct debits and standing orders. Competitive rates on a linked PlusSaver account and preferential deals on mortgages and investment products/services. Overdraft available of up to Ј2,000 (subject to status) with no usage or interest fees for 12 months, from account opening, if you stay within the agreed limit. Customers must deposit Ј500 per month into the account.

The Abbey Account (Preferred In-credit rate)

This account offers 5% interest (per annum) on balances between Ј1- Ј2500 (1% per annum on anything over Ј2500) if the account is switched to Abbey using the Account Transfer Service. Also, offers free banking if the account is in credit. Those who credit their accounts with Ј1000 or more per month have the option of a preferred in-credit rate or a preferred overdraft rate. An overdraft facility is available and does incur interest charges if used. Customers must deposit at least Ј1000 per month into the account.

Lloyds TSB Classic Account with Vantage

The Classic account with Vantage allows you to earn up to 4% interest on balances up to Ј7000 using a tier structure starting from a Ј1 balance. Free banking if account is in credit. Fee free overdraft facility (subject to application and approval) and does incur interest charges if used. Text alert service to your mobile to help avoid unauthorised overdraft fees. Must deposit Ј1000 per month into the account. Click logo for more information.

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