High Interest Current Accounts
Just about everyone has a current account, but not everyone is aware that many banks offer high interest current accounts. Earning interest on your current account is a real bonus.
If you’re among the hundreds and thousands of people that don’t have enough money to put away in a high interest savings account, then finding a bank that offers a high interest current account could be your answer.
Many people are unaware that some banks are now offering high interest current accounts. Until recently 0% was the norm for all current accounts. These days, however, in this current financial climate banks are doing everything they can to get your custom. This is includes offering interest on your current account.
High interest current accounts won’t offer the same rate of interest as a high interest savings account but it is still possible to find a high interest current account that actually makes it worthwhile. While the interest rate may be somewhat lower than a savings account, the fact that you have instant access to your money may suit a lot of people
While it’s a good thing if you have another money to put into a high interest bank account and just forget about it, not everyone has that luxury. In fact many people struggle to make ends meet and constantly need access to whatever money they have. If that sounds like you then by opening a high interest current account, you get the best of both worlds. Instant access to your money and a good rate of interest as well.
As with any type of high interest bank account, you need to read the small print and see if there are any hidden charges that you may incur when withdrawing or depositing money into your account. Don’t just choose the high interest current account with the highest interest rate. Make sure you evaluate and compare which high interest current account will benefit you and your circumstances.