And there are one or two other issues with the Barclays offering: the interest free overdraft facility and the interest free Barclaycard for ten months will probably appeal to people who want interest free borrowing. But with UK consumers now in the red to the tune of around 1 trillion pounds, we feel concerned that lenders are inviting account holders to rack up yet more debt.”If you do borrow money via this account, the sensible option is to clear the debt within the 10 months’ time frame.

Moneynet chief executive Richard Brown.www.moneynet.co.uk* * * * * * * * * * * * * * * * * * * * * * * *Press enquiriesRichard Brown, Moneynet Chief Executive, 020 8313 9030Cathy Tully, David Andrews Media Ltd 01273 774109cathy@davidandrewsmedia.co.ukConsumer enquiries: info@moneynet.co.ukhttp://www.moneynet.co.uk Editor’s notesMoneynet.co.uk is the UK’s most established personal finance research and data website.

Moneynet.co.uk is an ethical, impartial and comprehensive source of consumer finance information, covering the whole of the personal finance sector. Moneynet was founded in 1997 by Chief Executive Richard Brown to simplify the personal finance market and provide consumers with impartial and interactive information on financial products and services.* * * * * * * * * * * * * * * * * * *Online distribution by bigmouthmedia.