The latest survey of 2,000 adults reveals that people across the UK are opening new bank accounts for introductory perks, and returning to cold, hard cash to keep a close watch on outgoings. Other savvy saving methods include creating savings ‘pots’, auditing unwanted subscriptions, and enforcing ‘no spend days’ to combat financial pressures.

Many are also timing their direct debits to align with payday and meticulously tracking expenses, be it through high-tech apps or with a trusty pen and paper.

Zopa Bank’s Merve Ferrero said: “As the study shows, consumers want their finances to work harder – more dough with less effort, alongside digital ease and convenience.

“But instead of ease, they’re stuck juggling clunky apps and loyalty to banks that give back next to nothing. While money is tight for most of us, today there are smart moves that can make money go further.”

Zopa Bank has introduced its new Biscuit account, promising simplicity and attractive rates for customers.

To celebrate the launch, it presented an edible, and fully functional credit card to food critic Grace Dent.

Notably, four out of ten have stuck with the same bank for over two decades; however, only one in five customers feels they’re getting their money’s worth from their bank, and just as few have though about switching.

The study uncovered that nearly half would consider new banking opportunities if they were presented with better interest rates on savings, or welcome bonus.

Merve added: “Cashback on monthly bills and competitive interest on our hard-earned savings can add value at every bite – making life just a little easier.

“As consumers, we want to get the value that we deserve, with less effort.”