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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.
