12 February 2007
With Valentine's Day around the corner, it could be time for many people to divorce from their existing current account and look for a better deal elsewhere.
Research from Alliance & Leicester Current Accounts reveals that 41% of couples fail to keep their fingers on the pulse of financial news, with some sticking to the same account for 20 years, meaning they could be missing out on more competitive offers.
The study also shows that not all couples are happy to share a current account with their loved one, preferring instead to retain an element of personal responsibility over their finances.
Nearly a third of single people would not have a joint account in their next relationship, while 56% would prefer the flexibility of having their own account and a joint account.
Helen Palmer, Current Accounts Manager at Alliance & Leicester, said: "There are benefits of having both independent and joint accounts. It's always worth couples shopping around to make sure the account they opt for matches today's competitive deals.
"Far too many people - both singles and couples - have stayed wed to the same bank for far too long."
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