For the hard of thinking, you'd have to deposit over 5k in a normal 3% savings account and leave it for the whole year to achieve the same amount of interest.
I'm very happy having just received my first year's interest and have just opened another regular saver with them.
You don't need to put a lot of money into a current account either to be eligible for this account. Open a 1st account and one of their standard savings accounts. Leave 1 pound in the standard saver and then all you need to put into the current is the 300 that you save each month.
As stated earlier in the thread, their customer service is good for a phone based bank, so I am tempted to start using the 1st account as my regular current account.