Cash deposits are provided by banks and building societies. Capital should be secure and interest earned on the account. The accounts would normally provide instant access to cash, although some may offer higher interest rates for accounts that require notice of withdrawal or apply penalties when capital is withdrawn.
Current accounts normally pay little or no interest and high street bank or building society branches offer modest rates of interest on deposit accounts. The best rates are typically offered by accounts that operate either by telephone or on the internet.
Posted in: Investments
