Savings account tops the best buy table with interest rate of 3.95%

Atom Bank’s new Fixed Saver account has been launched to offer savers more choice and flexibility in the current market and comes with an attractive rate of 3.95 percent AER. Just last week, Atom increased the rate on its Instant Access Saver to 2.55 percent AER following the latest interest rate hike from the Band of England. Atom Bank has launched a new nine month savings account (Image: Getty)He continued: ‘We understand that not everyone wants to lock their cash away for years, so we’ve launched the nine month product to help those who may have more short-term goals.”We’re not here to catch people out either, so like all of our products this is easy to open, with no hidden requirements.’While many high street banks are refusing to pass on rising rates to savers, we continue to be the bank that does.”Now more than ever, loyalty to your bank can be bad for your financial health, and we think it’s important that people understand that their bank may be taking advantage of them.’ DON’T MISSHunt and Sunak to launch £10bn pension tax blitz next week [ALERT]Top 10 fixed rate ISAs with high interest right now [UPDATE]Full list of DWP benefits that are being replaced – are you affected [WARNING]Old fashioned money saving tips could save you £1,716 a year [INSIGHT]Meanwhile, Chase hiked the interest rate from 1.5 percent to 2.1 percent on its saver account last month – which can be accessed at any time.Shaun Port, Managing Director for Everyday Banking at Chase, said: ‘We’re increasing the rate on our saver account to help new and existing customers make their money work harder, in what we know is a challenging time for everyone.’With costs increasing, having greater flexibility and access to savings, without being charged fees, is increasingly important for people when managing their money.”The Chase saver is linked to Chase’s current account, which offers one percent cashback on everyday debit card spending for a year and five percent AER interest on small change round-ups.’READ MORE: Mum in tears after not receiving £66 for energy bills – how to apply The value of cash and savings has been falling for years (Image: Express)HSBC also has a new easy-access interest rate offering savers a three percent return on savings of up to £10,000.The bank has increased the interest rate on its Online Bonus Saver from 1.6 to three percent on balances up to £10,000 if savers don’t withdraw their cash.Savers need to be existing HSBC banking customers to qualify for an Online Bonus Saver account.Those who aren’t existing HSBC customers can simply apply for an HSBC bank account in order to benefit.