Does a current account pay any return or interest on the balance? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Does a current account pay any return or interest on the balance?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

A traditional current account pays no return at all. However, some banks offer a product called an "interest-bearing current account" that pays interest calculated on the daily balance and credited daily or monthly.

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