online - only challenger bank plc has seen an almost 500 % rise in customer accounts since November 2017 , according to its chief executive , Anne Boden . Following the launch of a range of new services , the company has gone from 500 personal current accounts to over 500 , with 60 % of customers using their account every month , Boden stated in a shareholder letter . Average deposits are around £ 900 ( $ 1,175 ) per account . Starling has recently launched an unsecured consumer loan of up to £ 5,000 , with an annual interest rate of 11 - 15 % . The bank also has around 10,000 business customers .
Mobile-only challenger bank Starling has seen an almost 500% rise in customer accounts since November 2017, according to its chief executive, Anne Boden. Following the launch of a range of new services, the company has gone from 43,000 personal current accounts to over 210,000, with 60% of customers using their account every month, Boden noted in a shareholder letter. Average deposits are around £900 ($1,175) per account. Starling has recently launched an unsecured consumer loan of up to £5,000, with an annual interest rate of 11-15%. The bank also has around 10,000 business customers.