Motley Fool: Why Packaged Accounts Aren’t Worth It

I’ve never been a big fan of so-called ‘packaged’ bank accounts. These are current accounts that entail you paying a monthly fee in return for fringe benefits such as ‘free’ annual travel insurance, car breakdown cover, discounts on package holidays, free card protection and mobile phone insurance.

Depending on the benefits offered, they usually cost around £10-£15 a month although Lloyds TSB recently announced a sizeable increase from £15 to £25 for its Premier account customers – a move which other banks may follow….

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