The current account is an important indicator about an economy's health. It is defined as the sum of the balance of trade (goods and services exports less imports), net income from abroad and net current transfers.

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Find out which type of Current account is best for you



In economics, a country's current account is one of the two components of its balance of payments,

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The Basic Current Account has been designed to help you manage your money. You’ll be able to get yo

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Heading off to university is an exciting and transformative experience for anyone, but in order to

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The Standard Current Account is a non-interest bearing chequing account in Ghanaian cedis which off

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Current accounts are an easy way to create an emergency fund or save for a future event. They are also a great way to introduce children to the concept of saving. Here is some basic information to help you get started on the road to saving.

Current Account defines a savings account as “a deposit account held at a bank or other financial institution that provides principal security and a modest interest rate.” It is basically a bank account that earns interest. Savings accounts are considered one of the most liquid investments after cash and demand notes. Unlike a checking account, a Current account is generally not used for everyday expenses, although some do have check writing features. Most accounts offer a limited amount of transactions and transfers free of charge on a monthly basis.


Looking to put some cash away for a rainy day? We can help. We’ll let you compare savings accounts quickly based on interest rate. We’ll also show you accounts by provider, and minimum/maximum account balances. Also, if internet banking is your thing, for example, we’ll show you where you can open an account and manage your account from, so you can make sure it’s accessible online. We’ll pop all your results in a simple, clear table for easy comparison and highlight the pros and cons of each account.
All the top bank accounts require you to pass a credit check Most of these accounts offer overdraft facilities, which means that the bank will credit-check you when you apply for the account to see if you're someone it'd lend to, and if you did go into your overdraft, that you've a track history of repaying what you owe.

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This is because 'seven-day switching' was introduced in September 2013, meaning switching accounts is now – for the majority – quick, easy and completely pain-free. All you need to do is open a new account, then use their switching service to move everything across. Under the scheme (provided your existing bank's signed up), a switch takes seven working days, all payments going in, e.g. salary, and out, e.g. utility bill direct debits, will be moved to your new account, and any wrongly applied charges will be refunded.

What other types of savings account are there?

Notice accounts: These accounts tend to offer higher interest rates, but you can’t access your cash instantly. You need to let your bank know that you want to withdraw some savings, normally with a notice between 30 and 120 days.

Internet accounts:If you are confident with the web, these accounts could be ideal. Requiring less money to run (as you can only manage your money online, not in branch or over the phone), they can offer very competitive interest rates.

Regular savings accounts:If you tend to have money left over at the end of each month, or want to get into the habit of regular saving, this account is for you. You’ll need to agree to pay a set amount into the account each month, and often won’t be able to access your money for a year, but interest rates tend to be higher.



  • How do I choose a current account?.


  • How do I decide on the account for me?.
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