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The Independent UK
The Independent UK
Business
Siobhan McNally

Is there any point to bank loyalty? Signs you should switch accounts and why it may pay to stay

Remaining with the high-street institution your parents used, or the provider that handed you a student loan for takeaway kebabs, could be needlessly costing you money.

Multiple major UK banks are currently offering £200 or more in cash to persuade consumers to switch current accounts, paired with improved interest rates on savings, and moving accounts has never been simpler.

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