iFAST Global Bank launches new Multi-Currency Current Account offering high interest and cashback

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For too long, UK consumers have faced limited choice when it comes to managing their day-to-day finances. While current accounts enable daily transactions, many earn little or even no interest; in contrast, those who lock away their funds in a savings account usually receive modest returns at the cost of being able to access their cash.

Although this trade-off has recently started to shift, with some institutions cautiously adding interest to their current accounts, such products often impose restrictions or offer low returns. That’s what motivated iFAST Global Bank to launch a transformative alternative: its Multi-Currency Current Account.

At a time of widespread economic uncertainty, and when persistent inflation is eating away at people’s money, iFAST Global Bank’s Multi-Currency Current Account offers a solution not only for UK consumers looking for better value, but also those who want simplicity, flexibility and protection.

A New Standard in Everyday Banking

With this innovative account, customers no longer have to choose between access and returns. For the first time, account holders in the United Kingdom can earn up to 3.50% AER (variable) on GBP, 1.25% AER (variable) on EUR, and 2.80% AER (variable) on USD, with no interest caps or minimum balance requirements. These highly competitive rates allow customers to grow their money daily – without complexity or compromise.

In addition, users can enjoy 2% cashback on up to £2,000 of spending per month (for a limited time until 30 June 2025 and subject to terms and conditions) which could help cover the cost of groceries, dining, or overseas transactions.

Built for a Global Lifestyle

To meet a demand for borderless banking and to eliminate the need for multiple accounts or costly conversions, iFAST Global Bank’s Multi-Currency Current Account lets customers hold, spend and transfer up to seven major currencies at competitive exchange rates. This includes GBP, EUR, USD, SGD (Singapore Dollar), HKD (Hong Kong Dollar), CNY (Chinese Yuan) and JPY (Japanese Yen).

Security and usability have also been reimagined. Customers receive the United Kingdom’s first multi-currency numberless Visa debit card, which contains no printed card number, CVV, or expiry date. All sensitive information is securely accessed via the mobile app, greatly reducing the risk of fraud and enhancing safety for online and overseas use. The card is accepted in over 200 countries and territories – ideal for travellers, expatriates, and international shoppers alike.

Instant Support, Wherever You Are

In keeping with its customer-first approach, iFAST Global Bank offers next-generation digital servicing. Support is available seven days a week through Live Chat and Live Call over the Internet – no phone numbers to dial, no frustrating automated menus. Whether at home or abroad, and whether the question concerns exchange rates, transactions, or card security, help is just a tap away. This is support designed for the pace and expectations of modern life.

Why This Account Changes the Game

1. High Interest Without Compromise

Traditional banks often restrict high interest to savings accounts, causing customers to move funds constantly. iFAST Global Bank removes this friction by offering high interest directly on current account balances

2. All-in-One Simplicity

There is no need to manage multiple accounts to meet different needs. This account acts as a central financial hub for spending, saving, and international transfers.

3. Stronger Security, Smarter Design

The numberless Visa debit card offers enhanced protection against card data theft, reflecting the bank’s commitment to digital-native security practices.

4. Truly Global Utility

With support for seven major currencies and international card acceptance, this account is well suited to today’s globally mobile consumers – whether students, digital nomads, expatriates, or frequent travellers.

5. Intelligent Digital Support

The app’s in-built chat and call features ensure customers are never more than seconds away from assistance – without long holds or overseas call charges.

A Vision for Banking Without Boundaries

The Multi-Currency Current Account seeks to modernise banking and reflects iFAST Global Bank’s belief that customers deserve services that are simple, flexible and rewarding without any outdated constraints.

The account is also covered by full FSCS (Financial Services Compensation Scheme) protection, safeguarding eligible deposits up to £85,000 per person, per bank. As a government-backed scheme, the FSCS ensures that customer funds are secure even in the unlikely event of bank failure, offering additional peace of mind.

As the financial landscape continues to evolve, iFAST Global Bank’s offering marks a significant step forward. This is not just an upgrade – it is a smarter way to bank.

One account. Multiple currencies. High returns. Everyday flexibility. Banking just got better.