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Follow on Google News | Lloyds TSB Announce that Coy Couples are missing out on Current Account CashLloyds TSB has revealed that over a quarter of British couples could be missing out on higher credit interest rates by not pooling their current account cash
By: LLoyds TSB Of those couples who don't have a joint bank account (http://www.lloydstsb.com/ Those couples who do have a joint bank account (http://www.lloydstsb.com/ Catherine McGrath, director of current accounts at Lloyds TSB said; "In these testing financial times, it's never been more important to make your money work as hard as it can for you. But, up until now, there has been no real financial incentive for couples to pool their current account cash. The Lloyds TSB Vantage account (http://www.lloydstsb.com/ 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 current account (http://www.lloydstsb.com/ 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." About Lloyds TSB: Lloyds TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated by the Financial Services Authority and signatories to the Banking Codes. Lloyds TSB offer a full range of financial services including savings and investments, insurance and fee free current accounts (http://www.lloydstsb.com/ Lloyds TSB Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Notes to editors: Research was conducted by ICM between 5-7 September 2008 online with 584 married or cohabiting couples. * Vantage can be added to Classic which has no fee and Silver, Gold, Platinum and Premier which offer customers a range of benefits for a monthly fee. ** If a customer doesn't pay in £1,000 that month, goes overdrawn or uses their overdraft during the month, they will earn the standard interest rate of 0.1% AER that month. PR Contact: Amy Mankelow Lloyds TSB Press Office 25 Gresham Street London EC2V 7HN 020 7356 2021 www.lloydstsb.com End
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