Earn 7% If You're Over 50 - Published:30/10/07
One thing that's bound to get my notice is the launch of an account paying a market most important rate After all, we work hard for our money, so the least we can do is put it in an account so it can do the same for usSo, unsurprisingly, the new coalition & Leicester (A&L) Premier 50 current account piqued my interest It's offering a headline rate of 7%AER set until 30109) to anyone aged over fifty, on balances up to £2,500 What's more, it also offers a 0% EAR overdraft facility for the first 12 months And if you're thinking that this sounds attractive similar to its Premier Direct account (paying 65%AER), it is and it isn'tOn the plus side, different the Premier Direct account you don't need to pay in a set journal income (the PD account requires at least £500 to be paid in each month) The prime minister 50 also offers a figure of benefits, including worldwide travel insurance (up until age 79) and health benefits, counting access to up to two private out-patient consultations and up to £750 towards out-patient diagnostic difficult per year as well as access to 24/7 Health at give helplineInterestingly, account holders can also use the Post Office, in addition to A&L branches, the telephone and internet to carry out transactions on their accounts, which could save a trip or two for many into townSounds pretty good doesn't it So what's the no-win situation Well, as you've probably guessed this doesn't all approach for gratis; indeed the Premier 50 account, unlike the Premier Direct is a supposed packaged account, meaning that it's not free - you'll need to disburse £10 per month to take one outWell, usual readers will know my usual opinion of packaged accounts -- why disburse for banking when you can still get it for free Although banks will argue that their benefits package far outweighs the cost, many people put on't use all of the extras, or with a bit of effort could find that they can get similar cover for far less than £120 per yearHowever, while this can be the case for young, comparatively healthy adults, things can change radically once we start to get older -- and insurers know this Indeed, most older travellers (in exacting those with pre-existing circumstances can find the cost of travel insurance rises significantly with age, and can surely be far more luxurious than £120 per yearAnother issue that I've found with packaged accounts offering yearly travel insurance policies is that they often only insure combined account holders if they're travelling together -- should you need to take a trip alone you'd find you'd have to take out alternative wrap I gave Alliance & Leicester a quick call to inquire about this and found that it isn't the case here: combined account holders are still covered if travelling unconnectedly In addition, the insurance will cover a figure of pre-existing conditions, but you'd require to have this determined on an individual basisIndeed, I grudgingly have to confess that, for a packaged account this isn't a awful one Joint account holders in particular could get pretty good worth -- especially as each holder would be entitled to the two private out-patient checkup consultations What's more, if you know someone with an coalition & Leicester bank explanation already, by making use of the "Recommend a Friend" endorsement you could both get a free £40If you're over fifty and keen to button current account, I would therefore say to obviously check out the free financial records first If you're receiving an income of more than £500 a month and are in pretty high-quality health, the A&L Premier Direct account offers a great rate with no journal chargeHowever, it could be well worth also checking out the A&L Premier 50 account It's hard to create a sweeping generalisation as we all have dissimilar needs (and health issues) but if you're a eager traveller (and have found travel cover policies expensive in the past), would use the health benefits, and tend to keep a high equilibrium in your current explanation, it could be a good explanation for youGive them a call, tell them your situation and get them to do the hard labor and check how useful it could be for you - and most importantly work out whether you would be economy money by paying the £120 per year (if necessary, call for some cover quotes to see now how much an annual policy would cost) Indeed, as this is the only current account meant specifically at the over-fifties, we may just find it's the first of many to approach© Copyright 1998-2007, The Motley Fool Limited All rights reserved This material is for personal use onlyput of Reg: England & Wales corporation Reg No: 3736872 VAT Reg No: 735 7818 01 Registered Office: 30 Great Pulteney road,.
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Brits urged to shop around for travel insurance - Published:29/11/06
UK holidaymakers should be more cautious when selecting a travel insurance rule, an expert has claimedTravellers could run the risk of being underinsured or having their claims discarded, warned James Harrison, chief executive of insurancewidecomA number of UK people are looking for the cheapest travel insurance rule, which may not offer an suitable level of cover, Mr Harrison claimedAdditionally, the expert asserted that this is chiefly relevant for holidaymakers heading for a winter sports education holiday, as a number of expenses such as medical bills, loss of ski kit and piste closure could occur"What’s more, persons still do not realise that travel agents often accuse well over the odds for a standard policy that contains small relevance to the individual holidaymaker’s wants," he remarked"Savvy travellers will take a few minutes online to compare who offers what across the marketplace before making a choice"Post Office recently claimed that one in three travel cover claims for winter sports holidays are for medical bills.
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Post Office cuts credit card commission - Published:07/11/06
praise CARDS LOW RATE praise CARDSSTUDENT praise CARDS0% APR praise CARDSCREDIT CARDS ONLINEBALANCE TRANSFERSBritons by a Post Office Credit Card overseas will not be charged commission, after the company revamped its offeringThe provider states that the changes to its praise card will let travellers to have a better deal while awayFurthermore, Post Office has extended the interest gratis period on the credit cards to eight months, from six, while consumers will also pay no interest on new purchases for three monthsAfter the interest-free period has broken, the credit card will feature a rate of 149 per cent, although Platinum clientele can take advantage of a cheaper rate at 139 per centGary Fitton, head of Post Office Credit Card, said: "Most credit cards charge 275 per cent on every transaction made abroad"People become frustrated when they see it is costing them more to use their credit card abroad"We have listened to this and we have acted – now our customers have got one of the most excellent deals going"Moneysupermarketcom warned earlier this year that UK consumers could disburse around £335 million in credit card charges while holidaying this summerCredit Cards | commerce Credit Cards | Balance Transfers | Low speed Credit Cards.
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