As interest rates rise, savers should be classed as the winners - however, several major banks are still paying less than 1% on some of their savings products.
Bosses at some of the UK biggest banks, Lloyds, HSBC, NatWest and Barclays were due to face questions by the Financial Conduct Authority (FCA) today on the speed it passes on the rate rises to savers.
The banks have been accused of making excess profits by upping mortgage rates alongside the rate rises and keeping saving rates low.
The Bank of England base interest rate currently stands at 5% which is the highest level since 2008.
However, the average easy-access savings account, based on £10,000 of savings, pays less than half of this at 2.45%.
Some banks are giving higher rates to savers however these tend to be given by the smaller banks and are not your traditional high street players.
Currently, the top easy-access savings account is Family Building Society which offers a 4.35% interest rate and the best notice account is DP Capital which pays 5.05% but you need to give 90 days' notice.
You can also get rates of 6.15% if you lock your money away into a one-year fixed rate with FirstSave.
The Mirror has compiled a full list of some of the lowest rates offered by the big players at the moment.
Santander Everyday Saver - 0.85%
The Santander Everyday Saver is currently paying one of the lowest rates on the market at the moment at only 0.85%.
If you saved £1,000 in this account, over the course of one year you would only make £8.50 worth of interest - and if you had £10,000 in there you would only make a measly £85.
Lloyds Easy Saver - 0.9%
Lloyds Easy Saver offers a range of different rates depending on how big your savings pot it, and those with more see the higher rates.
If you have between £1 and £24,999 in savings then you will only see a rate of 0.9%.
Those with a balance of £25,000 and a whopping £99,999 get a slightly better rate of 1.15% - Brits with pots over £100,000 are offered the best rate of 1.5%.
If you have savings of £1,000 over the course of a year you will make £9 in interest, those with £25,000 will make £287.50 in interest and Brits with a savings pot of £100,000 will make £1,500.
This may sound like a lot however, if you had a bank account with a 5% interest rate - matching the base rate - then you could make an extra £5000.
Halifax Everyday Saver - 0.95%
Another everyday saver account makes the list with Halifax only paying a rate of 0.95% on balances up to £9,999.
Like Lloyds, this account pays a higher rate the more cash you have in the account with savings pots between £10,000 and £49,999 getting a rate of 1.05%.
Pots over £50,000 are treated to an interest rate of 1.3%.
With the minimum amount you need for each tier, the current rate will give you an extra £9.50, £105, and £650 over the course of one year.
Barclays Every Day Saver - 1%
Barlcays Everyday Saver account is paying a tad more than Santander at 1% but the 0.25 percentage point difference will not be adding much to your savings pot.
If you had a savings pot of £1,000 in there then you would only make around £10 in interest over the course of one year.
Natwest Flexible Saver - 1.11%
Like Lloyds and Halifax, this account also offers a higher interest rate to the bigger cash pots.
Up until £24,999 you are given an interest rate of 1.11%, then until £99,999 this rises to 1.76%, balances up to £250,000 get 2.32% and over this you are treated to a rate of 2.89%.
With the minimum amount you need for each tier, you could earn interest of £11.06, £882.05, £3,486.60, and £8,662.55 respectively over the course of one year.
