iFAST Global Bank: UK Current Account that pays interest

According to the Building Societies Association, Bank of England (BoE) Household Deposits December 2025, close to £300 billion is sitting in UK accounts that earn little to no interest.   

iFAST Global Bank is a UK regulated bank, authorised by the PRA and regulated by the PRA and FCA. iFAST Global Bank offers a Multi-Currency Current Account, allowing you to earn interest while keeping your money accessible for everyday spending. 

Account holders can earn: 

• 2.80%AER (variable) on AED* 
• 2.65% AER (variable) on GBP* 
• 2.25% AER (variable) on USD* 
• 1.80%AER (variable) on HKD* 
• 1.50%AER (variable) on SGD* 
• 1.00% AER (variable) on EUR* 
• 1.00%AER (variable) on CNY* 
• 0.75%AER (variable) on JPY* 
• 0.10%AER (variable) on CHF* 

The account supports 9 currencies, with interest calculated daily and paid monthly, helping your everyday balances grow while remaining fully accessible. There are no minimum balance requirements and no cap on interest earned. 

After opening an account, UK residents have the option to apply for a complimentary Visa debit card. The card offers real-time FX conversion and is accepted in 200+ countries and territories. 

The iFAST Multi-Currency Debit Card allows you to withdraw cash overseas when travelling internationally and does not charge bank ATM withdrawal fees for overseas withdrawals. However, ATM operators and intermediaries may charge their own fees.  

Using a Multi-Currency Current Account may help reduce additional currency conversion steps compared with traditional single-currency accounts.  

Additionally, Banking with Us Includes 

Flexible Cash ISA  

For those looking for tax-efficient growth, our Flexible Cash ISA^ is a simple yet powerful option. With a minimum deposit of just £1, savers can earn 3.00% AER (variable) tax-free interest on balances within their annual ISA allowance of up to £20,000 per tax year, while still enjoying the freedom to withdraw or transfer funds at any time.  

^UK residents with valid NINO  

Fixed Term Deposits  

Our Fixed Term Deposits^ offer guaranteed returns of up to 4.15% AER* on GBP and up to 4.15% AER* on USD, perfect for short to mid-term financial goals such as home renovations, a wedding, or your next holiday. With terms ranging from 1 to 60 months, it provides a reliable way to lock in growth without long-term commitments. 

Opening an account with iFAST Global Bank takes less than 10 minutes, and deposits are protected by the UK Financial Services Compensation Scheme (FSCS) for up to £120,000 per eligible client. 

Note that Application timeline is subject to review and checks. 

Start banking smarter with a current account that helps your money work harder.   

*T&Cs Apply. https://www.ifastgb.com/en/interest-rates?prod=mca. 

^iFAST Global Bank Fixed Term Deposits have a fixed term. Early withdrawal is generally not permitted and may result in loss of accrued interest. A 14-day cooling-off period applies. T&Cs apply. https://www.ifastgb.com/en/deposit/fixed-term-deposit