Abbey are a fantastic bank that offer a lot of products under one roof.
Abbey offer a wide range of bank accounts, they have a current account which i have with them where i have a visa debit card, a cheque book and an overdraft on the account of £1000 although i have never used the overdraft and havent used a cheque for ages, you can pay in most stores through chip and pin with your debit card and use it all over the world at cash machines so this for me is a great account.
Abbey offers a specialised account for people aged 11 to 15 years which has a cash card for
with drawals and has an interest payment of 6%pa but you do have to make a payment into the account once a month but there is no fixed amount you have to pay in so you could pay as little as £1, i think this is a great way of giving a teenager the chance to be responsible for there own money all be it a small amount.
They also have an account specifically for 16 to 18 year olds to have your first wages paid into which payed 6% but has to have a minimum of £50 a month paid into the account, this has a visa debit card and cheque book.
Abbey offer a student account for 18 years and over which has a debit card, overdraft and cheque book but only pays 1.5%.
The other option of a bank account with abbey is a basic account which has a cash machine card only, no debit card, overdraft or cheque book, this is the only option abbey offer to anyone on benefits or with a poor credit rating. This was the account i first started with with abbey when i first turned 18 as they didnt have a students account then, i was told they would monitor how i handled the money in my account for 6 months then would upgrade if apropriate, they upgraded after the first 6 months, to do this you will need to leave at least £50 a week of what is payed into your account in your account and not miss any direct debits as they judge this as good money management.
Abbey are currently offering 0% on credit card balance transfers for 13 months and cash back on shopping for a limited time, there credit card interest is charged at 15.9%apr but most of you will already have seen the adverts for this.
Abbey do personal loans with a flexible repayment plan offering loans from £1000 to £25,000 at 7.9% apr
Abbey offer a lot of options for mortgages which include, flexible years, trackers, fixed rates, mortgages with no deposits, first time buyers and mortgages for propertys abroad so if you are looking to buy a property there is a lot of choice at Abbey.
I have abbey house insurance, they offer buildings and contents insurance, i have £280,000 of buildings insurance and £100,000 of contents insurance with them which is an old for new policy and has accidental damage cover included on most household items, for this i pay a year as 10 monthly direct debits, i pay by direct debit as they dont charge you any extra for this like other companys do so the money may as well sit in my account earning me interest as in theres. I have had to put in two contents clains with them which they paid out on both times with no problems unlike another company i could mention.
Abbey also offer life insurance which is provided by phoenix life but i dont actually know anything else about this service.
They used to offer car insurance which i used to have but since they sold this part of the buisiness to another company i dont use them anymore.(the company they sold to is the same company i had problems with over a content insurance claim)
Abbey offers investment oportunities, stake holder pensions and isas but i will have to be a bit blond on this bit and say i know nothing about them.
finaly they offer child trust fund accounts which i have 2 of, they do a stake holder and a non stakeholder option, me not realy being into finance took the option of non stake holder which allows me to pay in upto £1200 a year in each account, gives us an interest rate of 5.25%pa and wont allow my children to squander there money untill they are 18 years old.
In all the years i have used abbey i have never had a bad experience with them, there staff are always polite and friendly even though they are always buisy, there are queues at buisy times like dinner time in the branches so i avoid going at mid day but all in all they offer me a fantastic service.
For more info on my blond areas you can use there web site or call them on 08457654321.
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Good summary. I'm with them too and haven't had any problems.
Shoka 31.08.2008 07:44
Good coverage of the banks product range, and your experience with them.
I have to say I am with Abbey for most things these days. My main mortgage, credit card and curent accounts are with Abbey and Cahoot which is their online company. I havent had any complaints.
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Aug 30th, 2008
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