LHV Bank has launched a new current account paying customers 4 per cent AER interest(Image: inyourArea)
A UK bank has launched a new current account paying customers 4 per cent AER interest.
LHV Bank says there are “no strings attached” to the deal, which pledges to track and pay the full Bank of England base rate until January 1, 2027.
It will pay interest on balances up to £1 million.
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LHV Bank said it has expanded the features of its app-based current account, including:
Direct Debits for bills and regular paymentsApple Pay and Google Pay supportForeign currency transactions at the real Mastercard exchange rate
Kris Brewster, director of retail banking at LHV Bank, said: “At LHV, we believe every penny in a bank account should earn interest and not sit idle.
“We’re proud to offer a current account that tracks the full Bank of England base rate, with no strings attached.
“If your current bank isn’t giving you a fair return, we are here for those who demand something better.
“Customers are being short-changed on their everyday money. We’re offering a fairer alternative that rewards customers without hidden conditions or gimmicks.”
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