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 It is now over 6 months old so the content may be out of date.

Published: 20/09/2016

At a time when savings rates are reaching record lows, there are clearly far fewer ways of earning a decent return. Many are looking for alternatives, and surprisingly, a current account could be a salvation for savers weathering the current climate, thanks to the generous rewards they offer.

By making use of the Current Account Switch Guarantee (which guarantees a successful switch within seven days or less, and has been in force for three years this month), spenders and savers alike could earn up to £220 in the first year when moving their account.

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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 Any products featured may be withdrawn by their provider or changed at any time.

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