Clydesdale Bank

By: EconomyWatch Content   Date: 4 November 2009

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Clydesdale bank is the third largest clearing bank in Scotland and has a branch network in the north of England and in London. Clydesdale bank is a subsidiary of National Australia Bank. It is one of those few banks that issue its own notes for use. These notes are in circulation in Scotland.

Clydesdale Bank: Products and Services

Clydesdale bank offers a gamut of financial products that cover personal as well as business requirements. Right from saving accounts for individuals to corporate current accounts, The bank offers some great finance management solutions and benefits for its members along with robust online internet banking products. Let’s look at a few of them in detail

·        Mortgages: Clydesdale offers a variety of mortgages that can be paid off before term or in a predefined time of 2 to 5 years. The bank also offers ‘buy-to-let’ housing loans, mortgages for business owners and self-employed individuals. The overall cost of comparison varies from 4.6% to 5.8% APR.

·        Cash ISA Fixed Rate Bonds: Clydesdale offers as much as 3% tax free /AER on savings. It also offers ‘Step up’ bonds, which pay an increased rate of interest with every passing year. Fixed rate bonds can be opened for as low as £10 (instant access cash ISA account)

·        Current Accounts: Clydesdale is one of the rare banks that offer student current accounts, besides the regular current accounts. Account holders also get family travel insurance, car breakdown cover and identity theft protection for extra payment.

·        Credit Cards: With an interest-free period of six months on purchases and balance transfers and no annual fee, their Gold master card is an attractive credit card.   

·        Insurance: Be it home, travel, automobile or life insurance, the bank offers some of the most attractive and best insurance policies going. 

·        Travel: With fast and free delivery to the home and buy back service, travel solutions such as traveler checks beside prepaid travel cards are provided by the bank.

The real highlight of these products is their integration with each other. One can combine the current account, personal loan, overdraft and mortgage into one Clydesdale bank account that can be managed efficiently. With bigger balances the earned interest can be used for paying towards the mortgage thus facilitating early payments.

 


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