Bank
Accounts
There
are many companies in the UK offering many different bank account
products, These bank accounts come under two main catagories:
- Current
Accounts
- Savings
Accounts
These
can be split down into two different groups, i.e. those that
are solely Internet operated and given the conventional name
of Internet Bank accounts; and normal bank accounts that
may offer acess via the internet but are a conventional bank
account for over the counter deposits.
As
you can imagine, solely Internet bank accounts can't
offer you the conveniance of over the counter deposits as their
aren't any counters. However some companies have got around
that with other methods. Some facilities include postal deposits
but these can't be used for cash, only cheques etc. Other banks
may allow deposits to their sister or parent companies counters
and have the money transfered into your account. These things
need to be considered when planning which account you wish to
apply for.
Internet
only accounts often have much less overheads and so can pass
on the savings to you, the customer by way of higher interest
rates. The price you pay can often mean you have to operate
your bank account on the Internet or phone, and some restrict
it to Internet only.
Saving
Accounts
Current
Accounts
Some
popular Current Accounts include:
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