The 7 best current accounts with high interest rates in the UK Now, let’s take a deeper dive into our current account interest rate comparison, looking at each of the accounts in a little more detail. This should help you choose the right one for you. Nationwide FlexDirect Current Accoun...
High-interest current accounts are bank accounts that pay a good rate of interest on your in-credit balance. High-interest current accounts often have more competitive rates than the best savings accounts, but you’ll need to meet certain requirements to earn the interest, such as: Paying in ...
Another one from the host of benefits of current accounts is that you get an abundance of cheque leaves.As a current account holder, you get a set number of cheques that you can use every month, free of charge. This means you get a chequebook refresh every month (based on the terms o...
Bewley, R. & G. White (1990), `D o High Interest Rates Improve or Worsen the Current Account?', Economic Papers 9(4): 19-23.Bewley, R. and White, G. ( 1990 ), “ Do High Interest Rates Improve or Worsen the Current Account ?”, Economic Papers , 9, December....
However, manysavings rates have now overtaken those offered by current accounts. High-interest bank accounts often come with a catch. They may have certain requirements for you to be eligible to earn interest, such as a minimum monthly deposit amount, a time limit on the interest deal, or an...
However, since the introduction of legislation making it easier to switch between current accounts has forced the market to become more and more competitive, we have been seeing more and more current accounts with interest rates going as high as 5% AER (annual equivalent rate). There is often ...
Watch out for interest rates on unarranged borrowing - if you go into the red or over your agreed overdraft limit you may be charged and you could also have to pay a high rate of interest on this unauthorised borrowing. Some current accounts come with tiered interest rates. They work on ...
Here are some other potential factors to consider about savings accounts: Different types:Different kinds of savings accounts include standard savings accounts with variable interest rates, high-yield savings accounts, with eligibility criteria, and fixed-rate savings accounts and term deposits. ...
High-interest accounts Cashback current accounts With cashback current accounts, you’re rewarded when you use it for certain types of spending, or when you pay in a set amount of money each month. Some accounts will pay you cashback when you pay certain household bills by direct debit from...
The interest you earn on any money stored in your current account is calculated as an annual equivalent rate, or AER. Generally, interest rates on current accounts are lower than on, say, savings accounts, but there are various high-interest current accounts available that generally require a ...