Moneyfacts on TV – the current account conundrum - Banking - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Moneyfacts on TV – the current account conundrum

Moneyfacts on TV – the current account conundrum

Category: Banking

Updated: 30/10/2015
First Published: 30/10/2015

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Last week we reported on the investigation by the Competition and Markets Authority (CMA) into current account switching, where it was not only revealed that a very small minority of customers take the plunge and switch accounts, but that doing so could save the average banking customer around £70 per year.

Well, we weren't the only one to report on it. BBC Breakfast TV also got in on the action, and our very own finance expert Rachel Springall was there to join the discussion! You can watch the segment below, and if you've been inspired to switch accounts, make sure to head to our best buy tables to check out the best options on the market.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Debit card spending still leads the way

Many of us turn to plastic at the tills these days, particularly as contactless technology makes it easier than ever before. It’s little wonder that card spending continues to ramp up – and it’s debit card spending that’s leading the way.

Current account switching to be made even easier

It was announced today that the Current Account Switch Service (CASS) will be undergoing improvements that are to be implemented in a year’s time. This should help give more customers and businesses the confidence to switch to a better bank account.

A quarter of all card payments now contactless

The rise of contactless payments shows no signs of stopping, with new milestones being hit on a seemingly monthly basis. Well, another one has arrived, with new data showing that a quarter of all card payments are now made via contactless means.