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Uswitch comments on anniversary of current account seven day switching service

Commenting on the three year anniversary of the Current Account Switch Service Tashema Jackson, money expert at Uswitch.com, says: “Over three million people have switched their current account in the last three years and, given the range of switching incentives currently on offer, we could see another month of record switches.

“Our research shows that more than half of current account customers have been with the same bank for the last ten years. There is a huge opportunity for banks and building societies to attract new customers if they focused on creating products meeting the needs of the modern consumer – such as finger print ID to access mobile banking.

“Customers could also benefit from a better deal on their savings – with some providers offering up to 5% interest on in credit balances – and better overdraft rates which could save regular users hundreds of pounds. Undoubtedly more can, and must, be done to educate consumers about the benefits of switching, but for those prepared to make that change there are real benefits of doing so, including some extra cash in your pocket.”

Find out how you could save over £1,000 a year with Uswitch here.

FOR MORE INFORMATION

Rory Stoves
Phone: 020 3872 5613
Email: rory.stoves@uswitch.com
Twitter: @UswitchPR

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