0% current account launchedJulian Hodge launches 0% current account
15 December 2008
Current account holders with Julian Hodge should consider moving their cash elsewhere. The Cardiff-based bank has responded to the Bank of England's 1% cut in the base rate by removing all interest on some of its accounts.
Customers with less than £4,999 in a Julian Hodge eight-day notice deposit account will earn 0% interest. Savers with between £5,000 and £10,000 will earn 0.4% interest (net) AER. Customers who have a Julian Hodge high interest cheque account will earn 0% on savings under £50,000.
Which? would recommend anyone with a Julian Hodge current account that is paying 0% move their money to a Which? Best Buy current account, such as the Alliance and Leicester Premier Direct account, paying 6.5% interest.
For the latest money saving news direct to your inbox sign up the weekly Which? Money email to receive top money saving tips, product reviews and the latest news every Wednesday.