Types of Accounts

Types of Accounts

There are a number of different types of bank accounts available. Choosing the right one will depend on your circumstances and why you want an account.

What type of account should I open, and with what bank?

There are different types of account such as:

Once you have chosen which bank to use, talk to the counter staff or the manager who will look at your circumstances and recommend the best account for you.

Do I need more than one account?

Most people use a current account as their main, day-to-day account. You might consider having more than one account for the following reasons:

Further information

The FSA website provides tables which compare similar products such as bank accounts, mortgages, loans, ISAs and more from various providers.

www.fsa.gov.uk/tables

The Which? magazine has also an article on bank accounts.