Abbey: People could do more to improve finances by Finance News Bulletin

Published: 14/12/07

Moving accounts from one bank to another is "simple", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents insurance, warns NFU MutualAxa is initiation My financial plan Day on November 21st in an attempt to encourage people to take control of their moneySome 57 per cent of Britons have had their present account for ten or more years, which could mean they are missing out on the option of more competitive rates

According to new research from Abbey, the bulk of adults in the UK believe they are managing their finances well, although 18 per cent were found to have never switched current financial recordsConsequently, the bank states, people may not be taking benefit of various offers on the high road that could help them take charge of their financesThe research also found that 73 per cent check their account equilibrium at least once a week, while 63 per cent believe they be acquainted with each transaction that goes through their present accountIn addition, 72 per cent said they used the internet to do this, serving them to stay aware and keep a check on their equilibrium

"It is clear that modern British society is more sure about managing its money," said Steve Shore, head of banking at Abbey, while emphasising the importance of searching for the most suitable explanation"Some present accounts now offer more competitive interest rates to customers with the best rates contribution up to 60 times better than the worst," he addedAbbey offers a number of present

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