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accounts for day-to-day use. You can deposit and withdraw money and you
can access your money by writing a cheque, taking cash from a
cashpoint, buying goods on a debit card and by electronic transfer. Some
current accounts pay interest, but it is generally at a very low rate.
- Savings
accounts for saving your money in the short to medium term. You can
deposit your savings and you can make withdrawals, but the frequency
that you can take out withdrawals can vary depending on the account.
Interest rates vary again depending on the account.
- Investment
accounts for saving your money for the long term. The rules for
depositing and withdrawing your money are strict and usually give little
flexibility for making withdrawals, however the interest rates can be much
higher.
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