How switching your bank account could earn you up to £220

Many of us have been with the same bank for years, potentially missing out on hundreds of pounds that rivals are offering us to move to them.

Whether it's loyalty, laziness, or fear it'll be a faff that keeps us from switching, banks are competing to change our mind.

More than five banks are currently offering incentives to switch - with the largest bonus £220.

Plus, if you've got savings, you could get a better interest rate - and therefore a greater return on your money.

Almost two thirds of British savers have been with their bank for more than a decade, new research from Hargreaves Lansdown suggests.

Its survey, of 3,000 British adults in August, found 34% have moved their money in the last 12 months.

It estimates staying put costs British savers around £12bn in missed interest every year, based on analysis of Financial Conduct Authority data.

Simon Belsham, Hargreaves Lansdown's chief client officer, says doing nothing might be easy but "often leads to poor returns".