Current Accounts

[Freakbro]

Doesn't this mess with your credit rating? Does opening new accounts go on your credit rating even if you don't use them?

Is there such a thing as switching too much? can a bank black list you?

I've got 7 current accounts and a pretty much max credit rating, so no it doesn't seem to affect it or get blacklisted.

Each time you open one there might be a small drop in rating just because of the credit searches, so just do them over time

Can i open a random acount and switch that?

Yes, and to your previous question yes the switch service will close the account

Why? The 6% regular saver they offer is worth more. Besides which you need a genuine reason to leave.

I have a monthly saver I max out already and to be honest, they arent that good really (Edit : If my early maths is correct over the year it works out at the equivalent of 3.25% interest on the final balance).

And I would give them a genuine reason....