Starling Bank boosts rate on its current accounts to 3.25%

Starling Bank hikes current account rate to 3.25% - up from 0.05%. We look at how it compares to other savings on the market

starling bank app
(Image credit: Getty Images)

If you’re looking to put cash into savings to earn a top rate in interest, your current account is unlikely to be the place to find the best savings rates, with many paying little or nothing.

But could this rate increase from Starling be the start of a current account interest rate war as banks do more to bring in new customers and retain existing ones?

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.