By Sylvia Morris for MailOnline Updated: Pensioners can earn more than 5. Interest is paid out each month, giving an annual equivalent rate of 4. Skipton's rate goes up to 4.

Money Mail campaigned for better deals in the High Street for pensioners. Banks and building societies kept their top rates for internet customers, ignoring the need of those pensioners who wanted a branch-based account with a passbook. Over the past two years, pensioners have enjoyed more interest. All pay more than 5. With Nationwide you have to open a current account along with your savings account into which you need to pay your salary or pension. Your monthly interest at. You can only earn its annual equivalent rate of 4.

Nor do you have to open any other type of account with them. These accounts also give you peace of mind in that they link the interest rate with bank rate. Nationwide guarantees its annual rate will match base rate until January 31, The same pledge is given by Northern Rock to January and Newcastle to April 5, Skipton has no guarantee but it has paid a consistently good rate since its launch in April It is open to those aged 50 and over but you do have to pay part of your pension into the account.

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Age Pension: Assets test thresholds applicable from July

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How savings / investments / capital affect your benefits | Making a new claim for benefit | Waverley Borough Council

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This is Money's five of the best current accounts. Best high interest-paying current accounts to make your money work harder Act now to stop monthly income falling to 0.

Pension credit: don't miss extra pension cash - MSE

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