Savers urged to switch current accounts to get best returns

Updated
Piggy bank
Piggy bank

You can now earn 5% interest on amounts of up to £2,500 by switching your current account to Alliance & Leicester's Premier Direct account.

That's an appealing offer, considering that the best instant-access savings accounts on the market at the moment are only paying around 2.75%, which is why independent financial analyst Defaqto is urging savers to look to current accounts for the highest returns on their cash.

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