Do not put up with bad current account interest rates, urges uSwitch.com expert

www.moneynews.co.uk > Banking > Do not put up with bad current account interest rates, urges uSwitch.com expert

Do not put up with bad current account interest rates, urges uSwitch.com expert

Thu 14th Oct 2010

People do not have to deal with low interest rates or poor service from their current account provider, an expert from uSwitch.com has opined.

According to personal finance expert at the firm Stefan Maryniak, it is not just a better banking experience that people may be missing out on, but some impressive incentives as well.

He highlighted the £100 switching bonus being offered by Santander as an example of the sort of options that exist on the market.

But Mr Maryniak stressed that people should consider the whole proposition offered by a new provider - not just the perks - in order to decide where they should keep their money.

"We won't put [up] with bad service or a poor deal in other areas of our lives, so why do we do it with our banks?" asked the uSwitch.com spokesperson.

The British Bankers' Association recently stated that financial institutions are committed to making it as easy as possible for consumers to change current account providers.

Click here for more banking news

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'