'Plus' account to boost competition

Updated
Embargoed to 0001 Thursday December 12File photo dated 18/03/13 of money as the UK downturn is finally expected to be left behind next year as the size of the economy surpasses its pre-recession peak, according to a new forecast upgrading prospects for growth. PRESS ASSOCIATION Photo. Issue date: Thursday December 12, 2013. The prediction from the British Chambers of Commerce (BCC) brings forward the likely date to the third quarter of 2014. It would mark the first time that UK gross domestic product (GDP) has climbed back to the peak it reached in the first quarter of 2008. See PA story ECONOMY GDP. Photo credit should read: Lynne Cameron/PA Wire

%VIRTUAL-SkimlinksPromo%Competition to attract current account customers and savers scouring for better returns is being ramped up as a new product paying 5% interest is set to be launched.

Experts said the returns on the first new account to be offered by TSB since its relaunch last autumn beat much of what is on offer in the savings market.

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