‘Free money’ and 10% interest: carrots UK banks are dangling to get you to switch

Money, Consumer affairs, Banking, Virgin Group, Banco Santander, HSBC, Business Business | The Guardian

​Better deals are on offer in the battle to tempt new current account customers. But, be warned, there are a few strings attachedThe battle to attract current account customers is hotting up, with two banks offering £175 “free money”, and a third tempting people with a 10% interest rate.The payments from Santander and First Direct, and the inflation-busting interest rate offered by Virgin Money, are the latest carrots being dangled in front of potential customers in an attempt to persuade them to switch current accounts. Continue reading… 

Better deals are on offer in the battle to tempt new current account customers. But, be warned, there are a few strings attached

The battle to attract current account customers is hotting up, with two banks offering £175 “free money”, and a third tempting people with a 10% interest rate.

The payments from Santander and First Direct, and the inflation-busting interest rate offered by Virgin Money, are the latest carrots being dangled in front of potential customers in an attempt to persuade them to switch current accounts.

Continue reading… 

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