With a whole host of further rate cuts happening since the start of October and best buy accounts falling by the wayside, savers continue to suffer as a result of the change in the Bank of England base rate.

However, one area of the market that offers savers some respite are current accounts, which continue to offer returns far above what is available elsewhere, with various ways that savers can take advantage.
 
Perhaps the most obvious place to start is High Interest Current Accounts, with rates of up to 5% AER on offer, available from both TSB Bank and Nationwide. Whilst there are a number of hoops to jump through, you would not have to switch your main current account to take advantage of these accounts.
 
If you are looking for a more straightforward account with fewer rules to satisfy, Tesco Bank’s Current Account offers 3% AER, a rate significantly higher than the best easy access account on the market.

For those willing to switch their current account, there are also Cash Incentives available and whilst these accounts generally do not offer an interest rate, the initial incentive can be a real boost to your overall returns for the year.
 
One of the largest incentives is from M&S Bank, which is offering up to £220 in M&S gift cards, £100 when you switch your current account and then an additional £10 per month for 12 months, subject to terms and conditions.
 
Another large incentive is available from HSBC, which is offering £150 to switch to a new Advance or Premier Account and then a further £50 if you stay for 12 months, subject to terms and conditions.

As always, if you need any help with your savings or want to discuss further options, please call us on 0800 321 3581, we’d love to hear from you.