What type of account is designed for frequent deposits and withdrawals?

A current account is specifically designed to accommodate frequent deposits and withdrawals, making it suitable for everyday banking needs. It offers the flexibility to access funds readily through various means such as checks, debit cards, and online transfers, which is ideal for managing daily expenses.

Current accounts typically come with lower interest rates compared to other types of accounts, but this trade-off allows account holders easy access to their funds without restrictions on the number of transactions. This feature differentiates them from other accounts, such as investment or fixed deposit accounts, which usually have limitations on withdrawals and may require funds to be kept for a specific term or invested without immediate access. High-interest savings accounts, while offering some level of access, often impose restrictions on the number of transactions per month, which does not support frequent activity as a current account does.