Banking #banking#bank account
Bank Switching Incentives Hit £220 as Loyalty Costs UK Savers £12bn
More than five UK banks are offering up to £220 to switch current accounts. Hargreaves Lansdown research finds nearly two-thirds of savers have stayed over a decade, costing £12bn in missed interest annually. Experts say compare service, fees, and savings rates, not just bonuses.
Aug 16, 2026 1 source