Savers ‘short-changed’ on easy access accounts that are closed to new business

Savers who have easy access accounts with major banks like Santander and Lloyds are finding themselves ‘short-changed’ as these accounts are being closed to new business. Customers are being urged to switch to alternative accounts, as these banks are no longer offering competitive rates on their existing accounts. With interest rates at historic lows, savers are struggling to find accounts that offer decent returns on their money.

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