Bank Accounts
Banking solutions suited to your needs.
Overview
From everyday savings accounts to zero-balance and salary accounts, we help you pick the right banking partner and account type for your personal or business needs.
What We Help With
- Savings and salary accounts
- Zero-balance and digital-first accounts
- Current accounts for businesses
- Assistance with account opening and documentation
Interested in Bank Accounts?
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Get in TouchBank Accounts FAQs
What's the difference between a savings account and a current account?
Savings accounts are for individuals and earn interest, but typically restrict how many free withdrawals or transactions you get per month. Current accounts are built for businesses with frequent transactions, offer no interest, but have no such restrictions and often come with overdraft facilities.
Is a zero-balance account really free?
The account itself has no minimum balance requirement, but check for other charges — debit card annual fees, SMS alerts, or charges beyond a free transaction limit. 'Zero balance' refers specifically to the minimum balance rule, not necessarily all fees.
How much interest do savings accounts actually pay?
Most large banks pay 2.5–3.5% per annum, while some smaller finance banks and digital-first accounts offer 6–7% to attract deposits. The gap is significant enough that it's worth comparing rather than defaulting to whichever bank you already use.
Can I have multiple savings accounts?
Yes, there's no legal limit, and many people keep separate accounts for different purposes — salary, savings goals, joint expenses. Just be mindful of minimum balance requirements across all of them, since penalty charges on a forgotten low-balance account add up.
What should I check before switching banks?
Interest rate, minimum balance requirements, ATM network and charges, digital banking experience, and how easy it is to redirect salary or auto-debits to the new account. Switching is usually worth the hassle only if the difference is meaningful, not marginal.