The move follows the Bank of England upping its interest rates by the same amount in February.

The bank’s current account interest is going up by 0.15 per cent as well.

On the downside the interest on its credit card lending will increase a per cent.

The savings rate now stands at to 4.35 per cent, cahoot’s current account rate is 3.60 per cent AER.

Cahoot’s credit card rate may have increased – but remains at a very competitive 9.3 per cent.

These changes will take effect on the March 4th, except for the savings account, which will change its rates on March 15th.