As you may have guessed from the name, high interest current accounts are standard current accounts<\/a> that pay an interest rate on your account balance, usually up to a certain limit.<\/p> The interest rate can be quite juicy, at least if you compare it to easy access savings accounts<\/a>, but the balance limit on which it\u2019s paid is generally low, so don\u2019t get your hopes too high. You may also have to meet certain conditions (for example pay a certain sum into the account every month) to get the best rate.<\/p> The interest will usually be paid monthly directly into your current account.<\/p> The higher the interest, the better, right? Well, yes, but that\u2019s not the only aspect you should take into account when comparing deals:<\/p> You should also spare a thought for the features you may be giving up in return for a higher interest rate. How\u2019s the customer service of the bank you\u2019re considering? Is the app slick? Can you get an overdraft<\/a> or a credit card if you need them? Also, in the worst case scenario, is it really worth putting up with a terrible banking experience for \u00a3100 in interest a year?<\/p>How to compare high interest current accounts<\/h3>