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Lloyds TSB pulls plug on packaged accounts

Lloyds TSB is temporarily pulling the plug on sales of its paid-for current accounts, amid a clampdown on the industry by the City regulator.

The banking giant charges up to £300 a year for the accounts, which include add-ons such as travel and mobile phone insurance and car breakdown cover.

Lloyds will temporarily stop offering its "packaged" accounts in branches and over the phone, although customers can still sign up for them on the bank's website.

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