Britons can earn 5% on their savings 'for the first time in over a decade'

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Challenger banks are continuing to give high street banks a run for their money by offering some of the best interest rates on savings.

The digital only bank currently has a range of fixed rate savings accounts in the top three rated by Moneyfacts.

Mark Mullen, chief executive officer at Atom, said: “We’re pleased that we can offer yet another increase in our fixed rate savings range, at a time when people are facing the worst cost of living crisis in a generation.

“Making sure savers get a better deal is an important part of our mission and we continue to lead the way in the current environment.”

READ MORE: Millions of pensioners could claim £4,428 a year from the DWP

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