3 months ago 01st Oct 16:39
Lloyds TSB is the only high street bank to offer a fee-free current account which pays high credit interest on account balances over £5,000. The industry average gross AER on current account balances of £5,000 is just 0.97 per cent, for a balance of £7,000 this falls to 0.84 per cent3.
Interestingly, whilst two in five couples have some reservations when it comes to sharing their money with their partners, 90 per cent say they would happily “share information on their debts”.
However, it appears these reservations come second to an opportunity to make more money - as nearly half (46 per cent) of those without a joint account, say they would get one if they could earn a better rate of interest.
Phillip Hodson, a Fellow of the British Association for Counselling and Psychotherapy, comments: “I think some couples get married with their fingers crossed when it comes to that bit about ‘endowing thee with all my worldly goods’ and they want to keep enough cash for themselves to escape if necessary.”
The Lloyds TSB research also revealed many things that couples have no issues sharing with their partners:
- 90 per cent would share information on their debts
- 83 per cent would share information on previous relationships
- 95 per cent would share household and domestic bills
- 93 per cent would share an inheritance
- 80 per cent would share their secrets
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