Every financial institution included here is covered by the Financial Services Compensation Scheme (FSCS), so deposits of up to £120,000 are protected if a bank fails.
At present, this is the highest rate on the market.
The digital bank is advertising a 5.17% fixed interest rate on its savings account. A minimum deposit of £1,000 is required, and customers can save up to £200,000, although only £120,000 is protected by the FSCS.
You can open the account online, and interest is paid when the term ends.
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