Is it worth paying hundreds of pounds a year for a current account? Millions of people seem to think so, since roughly one in five UK adults has a so-called packaged account. These accounts come with bolt-on benefits, such as travel and mobile phone insurance, in return for a monthly fee.
The problem is that the perks aren't always worth the fee, while many customers don't make full use of what's on offer. But the accounts are a good source of revenue for banks, which is why they're keen to sell you one.