However, she also pointed towards Added Value Current Accounts which may entice certain savers depending on their circumstances.
The Virgin Money Club M Account, for example, offers 2.02 percent on balances up to £1,000, but has a monthly fee of £14.50.
Monzo, Bank of Scotland and Lloyds Bank follow closely behind with 1.50 percent offerings, but different terms.
With Monzo Premium, the interest is available on balances up to £2,000, but with a £15 monthly fee.
The Bank of Scotland Vantage Platinum Account may be enticing as the interest can be clinched up to £5,000 – but there is a £21 fee per month.