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It's not often that banks come up with an innovative idea that shakes up the industry but the Halifax looks set to do so. Next February, it will launch the first ever current account that pays cashback on debit card purchases. Yes, you read that correctly - debit card purchases. I don't know about you but I use my debit card for just about everything I buy these days and I'm not the only one. Debit cards now account for 65% of all card purchases and more than eight in ten adults have one. The new Moneyback current account, offers 1% cashback on debit card purchases up to a total of £10,000 so we're only talking about a maximum cashback payment of £100 each year. But it's got to be one of the easiest ways to make £100 for many people considering the average family spends nearly £17,000 a year on food, drink, clothes, holidays, transport and entertainment - all of which could be bought by debit card. The cashback payment is tax free too. Cashback deals for credit cards currently pay around 1% or less although one or two offer 2% for a limited period or on a limited amount of expenditure and, of course, you have to make sure you pay off your credit card bill in full each month so the Halifax deal compares well. But you may still get more for your money by using a cashback credit card and a current account that pays a high interest rate. The Moneyback account will pay interest of just 0.5% but there are some excellent deals around, such as Alliance & Leicester which pays 5.5% on its Premier Plus current account (you can apply for this via our banking centre). The Halifax lays claim to the idea of paying a decent rate of interest on current accounts and several banks have now followed suit, just as the provider who came up with the first 0% credit card started a trend. Who knows, perhaps one day someone will offer a current account that pays a good rate of interest and cashback on your debit card purchases. The new deal will be available from February to anyone who has at least £1,000 going into their account each month although cashback won't be payable on cash advances, bill payments and money spent abroad. More: Find a Bank Account that pays a high rate of interest and a Credit Card that pays cashback.