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From switching deals to cashback perks, providers such as Chase, Halifax, Lloyds Bank, Santander and Virgin Money, are offering a range of 'enticing' incentives.
The launch comes as the bank said its existing 123, Select, and Private current accounts are being removed from sale.
As inflation continues to rage even best buy savings accounts cannot keep up but many now pay between five and seven percent so it pays to shop around.
Rates on current accounts that pay interest rise from average 0.67pc last year to 1.02pc
Here are the best offers for switching banks on the market today for savers looking for the best opportunities for free cash.