Coventry Building Society

Savers can earn over ten times the current Base Rate but huge numbers are still stuck in decrepit accounts paying paltry returns. In some cases, savers are earning no interest whatsoever.

Savers have received another lift with the introduction of three best-buy accounts today.

UK building societies have insisted they are still a safe haven for savers, despite a raft of major mutuals having their financial strength called into question this week.