Of course not,current account does not have any interest,due to the withdrawal of the money for business at any time.
Interest on Savings acc = 3 - 4% Interest on current acc = 0%
A call deposit account is a hybrid form of Current account and general saving account which allows us to withdraw money at any time as in current account and provides us interest on the deposit amount as in other saving account.
Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.
saving account interest rate is now 4% that is best
A current account is an account where the level of activity is far more than savings. It is often referred to as a check in account and is made to do frequent transactions as a result most of the times it does not have balance in it. In such cases, current account in banks in does not offer any interest on the account balance . They are 0 interest accounts.
The current interest rate for a regular savings account at Bank of America is 0.05. This rate applies to custodial savings for youth accounts as well.
Current Account
A direct saving account is very similar to a standard account. One of the differentiating features is that a direct savings account has a higher interest rate.
A Savings Bank Account is the basic type of bank account where customers can park or save their surplus cash. The money in the account is extremely liquid and can be withdrawn by the customer anytime they want. As a result, the interest rate provided by the banks on such accounts is also very less. In india the savings account interest rate is 4%. Banks may also give you cheque books and ATM/Debit cards to operate your bank account. A current account on the other hand is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account.
Current account saving account
It is because,that is the only account they can use to generate fast money.not like saving account that they will be paying interest upon.so,you as a customer,will be charged some interest for helping you keeping your money safe.
1.fixed deposit account 2.saving account 3.current account 4.home saving account 5.family saving account