A new best buy savings account has just been launched offering the highest short-term fixed return for nearly a year-and-a-half.

Gatehouse Bank has launched its Green Saver account paying 1.51 per cent. It marks the first time rates have exceeded 1.5 per cent for locking cash away for 12 months since May 2020.

And, for every account opened, a tree will be planted in UK woodlands, a move which looks to capitalise on how some Britons are moving towards making their finances greener.