BANKING AFFAIRS

Detailed explanation-1: -Current account does not earn any interest on the money deposited. It is opened by businesses who have a higher number of transactions. There is no restriction on the number of times deposits or withdrawals that can be made.

Detailed explanation-2: -Savings accounts earn interest at a rate of around 4%, while there is no such earning from a Current Account. A Current Account is actually a no interest-bearing deposit account.

Detailed explanation-3: -Currents accounts do not earn any interest due to the fluidity they offer. Current accounts usually do not carry a limit on the number of transactions which can be made.

Detailed explanation-4: -Generally, bank does not pay any interest on current account. Nowadays, some banks do pay interest on current accounts.

Detailed explanation-5: -Get Savings with Interest and earn 4.00% APY to maximize every dollar. Current is a financial technology company, not a bank.