Quote:
Originally Posted by Bob Dobson
I present another aspect. My wife & I have a joint account with Alliance & Leicester. It is only for over-50s. I pay £10 a month for using it and keep very little in it. However, it gives both of us free travel insurance world-wide. For me to have to buy that would cost a lot more than £120 a year. I was paying more than £120 before I took this account on. There are also some other benefits, but I have forgotten what they are - perhaps credit card protection is one of them. Another is a free ( 1 per year) private medical examination. How much would that cost? The insurance will last until we reach 79yrs of age. Most travel insurance only covers up to 70yrs of age before you pay very high premiums. It is certainly worth looking at.
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Hmm, I was recently offered a 'Signature' account by my bank.....pay £120 per year.......get green Flag breakdown cover, credit Card cover, gadget cover and travel Insurance........and the girl said it was a good deal.......and so it is if you want those benefits.
We have breakdown cover on our car......with the RAC......it was 'free' when we bought the car.......I have credit card cover, my gadgets are covered on my house insurance policy.....and as for the travel insurance,well, that was only for a maximum of 28 days.......which is Ok unless like you want to travel long haul.......we wouldn't go long haul for anything less than 42 days.......so when I considered it, I felt that it didn't really offer us anything we
really wanted......and I am loathe to get into the pay for banking situation unless it is really forced on me.
I don't think it is fair to charge folk who have never gone into the red.....or taken an unauthorised overdraft.
The bank has the use of my money.....and I get very little interest on either the savings or current account......so much for being prudent eh?