Savers could make hundreds by switching accounts - but it won't last forever, experts warn
Best savings perks to grab before they disappear – including how to get £200 in cash when you open an accountIt comes as providers to look to entice new business, following an increase in competition in the market.
Several providers also offer cashback perks on spending such as Chase, Halifax, Lloyds Bank, The Co-operative Bank and Virgin Money. For example, last time Nationwide offered a £200 deal they gained nearly 147,000 switchers, the highest ever recorded by the Current Account Switching Service. “Although [Bank of England Governor] Andrew Bailey stated that he believes interest rates will remain flat for some time after they peak, with the top savings rates on longer term bonds paying a little less than the shorter term, it’s a clear indication that rates areAndrew Hagger of Moneycomms said: “I think these are here to stay for a good while yet – the bar has been raised though the recent £200 switch offer from Nationwide.
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