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Starling is to remove the generous 3.25% it pays on current accounts from next week – what does this mean for customers and ...

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The bank currently pays 3.25% interest on current account balances up to £5,000, which gives customers £162.50 a year.

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The rate for the account is 5.25%, however at the end of the 12 months, the account becomes a Standard Saver, paying just 1.6%, meaning a 3.65% drop. Responding to the customer, Lloyds said ...

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