Millions languish on dire accounts that pay pitiful rates of interest, come with sky-high fees or offer shockingly bad service. But don’t bitch – just switch! Banks are salivating for business, pushing out lucrative perks for switchers.
This is a full guide on how to switch accounts, what the best deals are and what sort of account is right for you.
Important: Rates on in-credit interest accounts have started to dive after the Bank of England cut the base rate from 0.5% to 0.25% on 4 August.
Santander has announced the headline rate on its flagship 123 current account will fall from 3% to 1.5% while Lloyds and Halifax say all elements on their current accounts are under review. So before you apply, double check the rates below and be wary that any variable rate can drop.