New 4% interest paying current account from Clydesdale and Yorkshire Banks

Clydesdale and Yorkshire Banks have launched Current Account Direct, a new current account paying 4% interest.

Designed specifically for customers who do their banking online, over the phone or on the go, Current Account Direct pays interest of 4% on credit balances up to £3,000 until March 2015. The account also offers the best standard planned overdraft rate in the market at 9.9%.
 
Current Account Direct is available to new and existing customers paying in at least £1,000 per month and can be opened in branch or through Direct channels. The account is managed over the telephone, internet or via the Banks' newly launched mobile banking ‘app', but branches can still be used where these channels cannot - such as for paying in cash.
 
Current Account Direct features:

4% AER interest on credit balances up to £3,000 fixed until 31st March 2015
(2% AER variable from 31st March 2015 onwards)
£1,000 monthly credit required (excluding internal transfers)
Competitive 9.9% EAR Planned Overdraft rate
Online, Telephone and Mobile Banking
Withdraw up to £500 a day at LINK ATMs
 
Andrew Pearce, Retail Director for Clydesdale and Yorkshire Banks, said: "We've spoken to thousands of people, and one thing that came out clearly was that they wanted a simple, straightforward way of earning interest on the money in their bank account. Current Account Direct gives them that.
 
"As more and more customers manage their accounts from home or on the move, our new account not only fits with that change in lifestyle, but rewards it with a great rate of interest."

For more information, visit cbonline.co.uk or ybonline.co.uk.