Starling Bank to scrap 3.25% interest rate from popular current account within days

Starling is to remove the generous 3.25% it pays on current accounts from next week – what does this mean for customers and should you move?

Starling Bank mobile app
(Image credit: Photo by ADRIAN DENNIS/AFP via Getty Images)

Starling Bank is to scrap the 3.25% interest rate on its current account on Monday, 10 February. While the bank is not necessarily known for having the best savings, it is popular for its current account offering and digital capabilities.

Before this change, Starling’s current account offered the fourth-best rate on the market, payable on balances up to £5,000, and has been listed as one the the best current accounts for online banking by the Competition and Markets Authority.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.