Having a bank account can be a gateway to accessing other financial products, such as credit cards or mortgages where the providers need to be sure that repayments can be made. They will probably look at how you have run your bank account as part of their credit checking process.
Some current accounts now offer higher rates of interest than a few years ago, as banks and building societies try to attract regular cash deposits from customers. Some will even pay more than savings products - check out the top high interest current accounts to find out more.
Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
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