Kroo launches 2% interest current account

Digital bank Kroo is hoping to help Brits save more with the launch of a two per cent interest current account.

Aimed at Gen Z and millennials, the ‘2&2 model’ will give two per cent AER on deposits up to £85,000, and the challenger will plant two trees for every new customer that opens a current account.

One of just three banks to be granted a full banking licence since 2016, Kroo CEO Andrea De Gottardo said this not only sets them apart from its fintech competitors, but also gives it a chance to “change banking for the better”.