You can do better (Intelligent Finance)

Member Name: Trishajs

Product:	Intelligent Finance
Date:	06/06/09 (30 review reads)
Rating:

Advantages: If you need a second chequing account- but still wouldn't go for this one

Disadvantages: VERY very low interest

If you did choose to open an account with Intelligent Finance it shouldn't be viewed as a standalone current account you do need a high street branch account as well. I used to have a current account and a deposit account with this bank, the offer being that as long as you had money on deposit you would earn the same amount of interest on your current account- which was a good deal. But without telling me or to give them the benefit of the doubt, by telling me in small print- this stopped. Once I realised, I closed the savings account and now the benefits of having a cheque account as a back up earning interest are gone. I got my statement this morning and I had earned 2p interest on just under £400- so I think this account is about to get it's marching orders. There are many accounts out there better than this one so I would not recommend it.

Summary: Not to be recommended