Challenger bank OakNorth has increased its interest rate on its 1 year fixed rate bond account to 2.03%.
With the based rate currently at 0.75% savers might want to consider this account if they are looking to get more from their cash.
According to Moneyfacts this is currently one of the best 1 year fixed rates in the UK market.
The next best rate is offered by Zenith Bank who are offering 2%.
If you are happy to tie up funds for 18 months you can currently get 2.05% from Masthaven Bank.
For latest savings rates in the UK see our comparison savings rates tables.