Rather than just signing up for the credit card our bank offers, no matter what the interest rate, we have learned to shop around: according to research by the financial services authority (FSA), 60% of us now compare suppliers before buying financial products. Not only do we juggle a bewildering array of accounts and products, but these rarely even come from the same provider any more due to the fact that, as consumers, we are becoming more discerning. Add to this all the other financial products you own - a mortgage, a personal loan, credit cards - and you could soon find it hard to battle your way to the front door each morning through the pile of statements on the mat. How many bank accounts do you have? By the time you are in your 20s you have probably managed to rack up a fair few without even trying: a current account for day-to-day transactions, a savings account, perhaps a separate account from which you administer your standing orders and bills.
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