Around six in seven adults (85%) have a current account, but the vast majority of these forty million people don’t have the right bank account to suit their needs.
One reason why many of us end up with inferior current accounts is that the choice of accounts is vast. In fact, the Fool’s search wizard (which is powered by independent financial researcher Moneyfacts) lists 118 different conventional current accounts, including thirty-five ‘premium’ accounts. In addition, there are fifteen student accounts, seventeen accounts aimed at young people, and ten accounts for graduates. Talk about being spoilt for choice!…