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Interest on Savings acc = 3 - 4%

Interest on current acc = 0%

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17y ago

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Related Questions

Is the interest on current account higher than that of the saving account?

Of course not,current account does not have any interest,due to the withdrawal of the money for business at any time.


Difference between current account and call deposit account?

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.


Best saving account interest rates?

saving account interest rate is now 4% that is best


How can i Know whether current account provide same interest like saving account in UAE?

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.


What is the current interest rate on a standard saving account at Bank of America?

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.


What account is similar to a saving account?

Current Account


Do you earn interest on a current account?

No, you typically do not earn interest on a current account.


Why does banks focus on current accounts?

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.


What is fullform of casa in banking?

Current account saving account


What are the types of bank accounts in Pakistan?

1.fixed deposit account 2.saving account 3.current account 4.home saving account 5.family saving account


Is interest applied to the saving account?

Yes, most savings accounts pay interest.


What usually carries the highest interest rates?

saving account

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