Starling Bank is discontinuing its 3.25% interest rate on current accounts, making it no longer competitive in the savings market. Customers who were rejected for the new 4% easy-access savings account are considering complaints to the ombudsman, as only 41% were successful in opening an account. Despite the removal of interest, Starling’s current account still offers useful features, such as no fees for spending abroad and helpful budgeting tools, though customers may want to explore other savings account options with higher rates.
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