Yorkshire Building Society offers competitive 5% savings account

Customers can change their contact details, such as postal address, email or telephone contact, when they are logged in online.

If a person wants to change their name, they will need to write, including proof of change, to Savings Service, Yorkshire Building Society, Yorkshire House, Bradford, West Yorkshire, BD5 8LJ.

Analysts are expecting the Bank of England to raise the base interest rate to 2.25 percent in efforts to tackle soaring inflation.

The rate of inflation hit 10.1 percent in July and has dipped recently to 9.9 percent, with predictions it will go up again in the coming weeks.