Premier bank accounts... are they worth it?
Discussion
My bank balance continously fluctuates between a few thousand for a few months and then upto a small six figure sum for a few months (long story!). I currently bank with Cahoot although I'm considering getting a new premier style account which offer various benefits. I run my own busness and my income fluctuates a lot between approx 50k and 120k pretty randomly so not sure if I'd be excluded from certain accounts.
Have any of you folks found a premier bank account that you can recommend with a good "cost/benefit ratio" lol!
Your experiences please...
Have any of you folks found a premier bank account that you can recommend with a good "cost/benefit ratio" lol!
Your experiences please...
Edited by Sarah_W on Tuesday 19th May 22:46
Most premier accounts don't seem to pay much (if any) interest whilst in credit. Personally I'd be seeking out an account that does, even if you don't get the fancy plastic with it!
My Barclays premier account doesn't give me any discernible 'benefits' at all - I've only got it as a mate works for them and set it up as part of a mortgage application and waived the monthly fee.
Where it does come in handy though is you're generally dealing with staff who aren't 100% reliant on what the computer tells them!
My Barclays premier account doesn't give me any discernible 'benefits' at all - I've only got it as a mate works for them and set it up as part of a mortgage application and waived the monthly fee.
Where it does come in handy though is you're generally dealing with staff who aren't 100% reliant on what the computer tells them!
I use barclays premier for my day to day banking and its, well..ok. There's a 24hr tel # with a real person at the end (or very convincing robot) and they usually sort things out straight away. There have been a few occaisions where they've p1ssed me off with their inflexibility over moving larger sums of money around (ie when buying selling flats etc). 10 pounds a month i think.
Interest in basically 0 regardless of what the base rate is but its easy to use the online banking to keep money in an e-savings account. I think you get access to slightly better products too.
Their international banking and wealth management is limited with only USD and EUR accounts I think.
The missus uses HSBC premier and that seems good. I considered changing recently.
Have heard good things about Coutts and their card looks the best, which, in the end, is the most important thing.
HTH
Interest in basically 0 regardless of what the base rate is but its easy to use the online banking to keep money in an e-savings account. I think you get access to slightly better products too.
Their international banking and wealth management is limited with only USD and EUR accounts I think.
The missus uses HSBC premier and that seems good. I considered changing recently.
Have heard good things about Coutts and their card looks the best, which, in the end, is the most important thing.
HTH
Natwest one (Advantage something) is good in my experience - the Green Flag recovery and travel insurance means it pays for itself.
They did try and send me a new credit card, which had pretty much the same benefits as the bank account, and wanted to charge me another £250 per year for it. Needless to say it got sent back immediately !
They did try and send me a new credit card, which had pretty much the same benefits as the bank account, and wanted to charge me another £250 per year for it. Needless to say it got sent back immediately !
swerni said:
NDA said:
Private banks tend to require a fairly substantial income and/or assets. Those banking there are not generally looking to save on the cost of cashing a cheque - it's more the ability to be £150k overdrawn occasionally without being made to feel like some guilty schoolboy.
Having said that, I used to be with the same bank as you.Clearly they don't always get it right
i have a lloyds premier account and do get use out of it i have home emergency cover, AA cover (everything bar euro cover), phone ins on 2 phones (mine an SWMBO),travel ins, regular experian credit reports, identity theft protection, somthing that cancels all my cards if i loose me wallet (rather then ringing loads of differant companys they do it for you) and some other stuff i dont use
but surely youd be better off with a buisness account?
but surely youd be better off with a buisness account?
ShadownINja said:
Working Class said:
Worst i earn 50-120k a year thread ever
And a cunning way of finding all the rich guys who have cash (yes, you could look at our cars but an F430 on HP is hard to spot I'd have thought).Hey - maybe this is the worst "I've got a boyfriend" thread ever lol!
Sarah_W said:
ShadownINja said:
Working Class said:
Worst i earn 50-120k a year thread ever
And a cunning way of finding all the rich guys who have cash (yes, you could look at our cars but an F430 on HP is hard to spot I'd have thought).Hey - maybe this is the worst "I've got a boyfriend" thread ever lol!
PS Damn, you've got a bf.
Edited by ShadownINja on Wednesday 20th May 10:27
ShadownINja said:
Sarah_W said:
ShadownINja said:
Working Class said:
Worst i earn 50-120k a year thread ever
And a cunning way of finding all the rich guys who have cash (yes, you could look at our cars but an F430 on HP is hard to spot I'd have thought).Hey - maybe this is the worst "I've got a boyfriend" thread ever lol!
PS Damn, you've got a bf.
Edited by ShadownINja on Wednesday 20th May 10:27
Sarah_W said:
ShadownINja said:
Sarah_W said:
ShadownINja said:
Working Class said:
Worst i earn 50-120k a year thread ever
And a cunning way of finding all the rich guys who have cash (yes, you could look at our cars but an F430 on HP is hard to spot I'd have thought).Hey - maybe this is the worst "I've got a boyfriend" thread ever lol!
PS Damn, you've got a bf.
Edited by ShadownINja on Wednesday 20th May 10:27
Vee said:
Natwest one (Advantage something) is good in my experience - the Green Flag recovery and travel insurance means it pays for itself.
I bank with NatWest and have a perfectly ordinary (free) account, but still have access to "Private Banking". As someone else mentioned, the key thing is that you get to speak to people who aren't complete muppets.I looked at their Advantage account and at first thought it would be worth it just for the mobile phone insurance for the kids iPhones - but it only covers ordinary mobile phones.
The travel insurance had some holes in it too.
For someone with chunky amounts of money in their current account then,, assuming they have a mortgage, surely an offset account of some sort would be an absolute no-brainer?
Edited by Deva Link on Wednesday 20th May 13:28
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