1.   In recent years, however, banks have introduced various types of interest-bearing sight account.

2.   Some sight accounts still do not pay interest.

3.   Other sight accounts, however, do pay interest at a rate only slightly below that on time accounts.

4.   Their use by firms has meant that, at a wholesale level, sight accounts have become less popular.

5.   Higher interest rates may encourage depositors to switch their deposits from sight accounts to time accounts.