Which?: Packaged bank accounts waste of money
Which?: Packaged bank accounts waste of moneyPackaged bank accounts are not good value for money according to Which?
The consumer champion has included them in a list of so-called useless financial products saying they are often a waste of money.
Some can cost customers up to £300 a year. If you are not using the added extras, that is money that could be saved.
James Daley, editor-in-chief of the campaign group's Money Quarterly says "Our research found that there's a bunch of financial products on the market that most people really don't need – but this doesn't stop companies from trying to sell them."
Which? recommends people do their own research and seek expert advice.