Top savings rate from Atom Bank now offers 5%
The online challenger bank's five-year fix is the highest paying savings account since February 2012, according to Moneyfacts.
Stay updated with breaking news from Anna Bowes. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The online challenger bank's five-year fix is the highest paying savings account since February 2012, according to Moneyfacts.
Savings rates continue to rise quickly with big banks and building societies now getting involved which is likely to strengthen competition further.
Many challengers and building societies have small funding targets meaning accounts can be pulled quickly.
Savers can now earn more than 3% interest by locking their cash away for as little as six months. We look at the best deals and whether it is the right move as rates continue to rise.
Savers still face real loss on their cash with inflation at 9.9pc