Top Packaged Bank Accounts

Are packaged accounts worth it?

Banks make money from these accounts – they want you to have them. But this doesn’t mean that they’re a waste of money for all – quite the opposite.

For those who are savvy enough to check policies and work out costs, they can SAVE you money. There’s a simple way to work it out:

If you don’t need the added extras, or can insure cheaper elsewhere, don’t bother with a packaged account.

Start by multiplying the monthly cost by 12 – for example, £25/month is £300/year – then see if you can buy the ‘freebies’ for less. If you can, either ditch and switch to a fee-free accountor shift for better value.

Packaged accounts DOs & DON’Ts