29-04-2008
Expert claims private bank accounts are accessible
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Private bank accounts - aimed at small businesses and tradesmen - should be taken out for the "whole banking experience" rather than just the attractive interest rate alone, an industry expert has urged.
Extras such as investment advice and access to dedicated bank managers can be essential to those in small businesses in order to get a proper hold of their finances, Moneyfacts claimed.
Samantha Owens, head of personal finance at the financial website, stated that the tailored aspects of private bank accounts can help businesses flourish more than just a high interest rate.
She added: "When people take out bank accounts with private banks it's more for the package that they receive. There's going to be additional benefits which are going to be tailored to the individual and it's part of the whole banking experience."