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The Varo Savings Account is one of the last high yield savings accounts to offer 2.50% to 5.00% APY ... in some customers of the bank having their personal information stolen.

The fee is set to rise to £174.50 a year in April, and is deeply unpopular across Britain, with a 2022 poll suggesting that 71% of people think the charge is "very bad" value or "not enough" value.

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