Analyst believes offering from US bank ‘will blow the competition out of the water’

The US bank Chase has launched its first current account in the UK, prompting one analyst to say it “will blow the competition out of the water”.

Offering 1% cashback on everyday spending for the first 12 months, free card use abroad, including at ATMs, and 5% interest on limited savings, the deal may be an attractive option for Britons who have seen their current account benefits slowly whittled away.

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Source: Business – The Guardian

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