MT Week - The current accounts with the best interest rates

Interest rate is on the rise. 

After almost two years of maintaining the Bank Rate at 0.1%, the Bank of England started increasing it at the end of last year to address soaring inflation.

First it was raised to 0.25%, and then a little over a month later it’s raised again to 0.5%.

Considering the Bank of England’s usual stance is slow and steady, it’s an indicator that things are really not looking good.

Unless you’re a saver, in which case things are finally looking up.

Across the board, high street banks are increasing their interest rates in line with Bank Rate. First it was on savings accounts, but now we’re seeing the same increase in current accounts too.

With this in mind, I wanted to look at some current accounts offering interest rates that beat your average savings account - and you don’t have to be a specific age or live in a certain area to apply.