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Cheque it out

Article Abstract:

Interest bearing accounts and a variety of high interest cheque accounts are being offered by banks and building societies as alternative accounts to private customers. These accounts seek to attract private customers through an offer of higher interest rates. For interest bearing accounts, interest is computed in tiers, ranging from about 2.01% for a balance of less than 500 pounds sterling to 7.5% for a balance of over 10,000 pounds. Cards are offered along with the cheque books, and can be used to obtain cash from automated teller machines and as a means of guaranteeing cheques. High interest cheque accounts are most useful to customers who keep substantial account balances and generally require a minimum balance of 5,000 pounds sterling, and as such can offer higher interest rates then interest bearing accounts. Offshore accounts serve as another viable personal finance option.

Author: Dunham, Robin
Publisher: Institute of Chartered Accountants in England & Wales
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
Commercial Banks, Savings Institutions, Banking industry, Usage, Services, Personal finance, Savings and loan associations, Checking accounts

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Plenty of plans: but take care

Article Abstract:

Individuals are given a wide range of options when choosing on a private medical insurance plan. The diversity of variables and excesses included through these plans can thus makeit difficult for them to compare costs. In order to get a clearer picture of what are on offer, it is recommended that customers closely study the brochuresof the medical insurers. Beyond the differences in policies, the common thread uniting providers of private medical plans, both the provident associations andthe insurance companies, is their drive to decelerate the rising cost of claims. The insurance plans of Ambassador Insurance, BCWA, BUPA, Exeter Friendly Society, Norwhich Union, OHRA, Prime Health, Provincial Insurance and Sun Alliance are described in detail.

Author: Dunham, Robin
Publisher: Institute of Chartered Accountants in England & Wales
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1993
United Kingdom, Evaluation, Health insurance, Insurance

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