Current Account Switch Service results released - which banks are savers switching to?

Savers are regularly advised to switch between current accounts, savings accounts and ISAs in a bid to take advantage of the best deals.

Recently, an Express.co.uk reader wrote in to question if this was still the best course of action and in response, Rachel Springall, a Finance Expert at moneyfacts.co.uk, said: "Savers can usually get better returns outside of an ISA wrapper, particularly if they fix, however consumers may wish to utilise their allowance as the personal savings allowance (PSA) is not guaranteed to stay around forever.

“Interest rates across all types of savings accounts have been on the downward trend, so there may be savers sitting on a poor rate right now – this will be devastating news for savers.

"This then stresses the importance for savers to be vigilant and to switch elsewhere if they are no longer getting the best possible return on their hard-earned cash.