Britons miss out on up to £1,180 annually by not switching from low-interest current accounts.

Millions of Britons could lose hundreds annually by keeping savings in low-interest current accounts. With average balances over £23,600 in 13 million accounts, switching to easy access accounts or tax-efficient ISAs could earn up to 5% interest. Many over 55 with substantial savings are missing out. Digital banks also offer competitive rates without minimum balances.

2 months ago
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