Its latest offering is from a bank I've never heard of and you probably haven't too. It’s called Ahli United Bank, set up in 1966 for offshore investors and Gulf visitors to the UK.

While that will understandably worry some, deposits made in Ahli via Raisin UK are protected by the FSCS up to £85,000 per person (£170,000 for joint accounts) in the usual way.

It's as safe as if you put it with Lloyds, HSBC, Lloyds or NatWest, but you'll get a much higher rate of interest than they'll give you.

Ahli’s account is open to all UK adults and the minimum deposit is £1,000, with the maximum set at £85,000, in line with the FSCS limit.

It’s a standard savings account, rather than a Shariah-based offering, that pays a fixed rate of interest with no access to your money during the term.

Raisin UK co-founder Kevin Mountford says the best deals are available on easy access and short-term fixed rates these days.

Savers have responded by depositing an additional £6billion in fixed-term bonds in June with record-breaking flows into cash Isas, latest BoE figures show.

This week will be crucial, with the latest inflation figures published on Wednesday and the BoE's monetary policy committee (MPC) expected to hike interest rates again on Thursday.

There’s a growing suspicion that it may hike by 0.5 percent this time, taking bank rate to five percent.

The last time it was at the level was in April 2008, in the early stages of the financial crisis, more than 15 years ago.

At that time savings accounts were paying more than 6%, and we are likely to re-enter that world again.

At speed, if the last week is anything to go by.

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