Banking giant Halifax is set to launch what it claims will be the best value personal current account in Ireland, which pays a competitive interest rate of 10% on credit balances and comes with a 9.5% overdraft rate.
The new current account offer is the first for Halifax in Ireland and will be available to customers from May 21, 2007.
The main product features include an easy switch process, full online and telephone banking and a free 0% ‘switcher’ overdraft of up to E1,500 for three months.
The new account presents strong competition against the current account offers of Allied Irish Bank and Bank of Ireland, the main rivals in the country. According to Halifax, by switching to a Halifax current account, collectively, the customers of both its rival banks can save up to E160 million.