Benefits Of Opening A Bank Account In Uk And Other Banking Offerings By -ddd- There are various benefits in opening a bank account in UK such as securing your funds with an easy access via a vast network of branches and cash machines, earning interest on the funds, building reputation and creditworthiness, applying for secured loans and mortgages and many others. To take a full advantage of a range of accounts available in the product line of banks, building societies, credit unions, and other financial and loaning organizations one can follow this instructional article to help make sense of the options and chose the one that fits your circumstances. Lloyds TSB Bank plc is a major UK bank that is used as an example of the various options.
Advantages of account types:
Current account (checking) -bill payments and deposits -Withdrawals through wide access to cash machines and branches -Security -Employment in UK requires you to have an open account for deposits -Lower transactional cost vs. savings or credit cards
Deposit account (savings) -Interest bearing on your savings
Credit Cards -Pre approved credit for financial flexibility -Rewards and benefits on your purchases -Worldwide acceptance -Building up your credit history for loans and mortgages Loans -Wide variety of loans to help you get financing for: -Personal loans -Secured loans -Education Loans -Loan protection, is an insurance policy to help you meet your obligations in unforeseen events such as unemployment, sickness or accident.
Mortgages -Buying a new home? -Need help with financing? -Variety of options and payment plans to meet your needs
Choosing a bank.
Some of the big players with long reputation and wide range of offerings to custom fit your needs are: HSBC http://www.hsbc.co.uk Lloyds TSB http://www.lloydstsbgroup.co.uk Halifax http://www.halifax.co.uk Bank of Scotland http://www.bankofscotland.co.uk Abbey National http://www.abbey.com Northern Rock http://www.northernrock.co.uk/ There are
many others
and a little online research can provide a broader range of institutions. Lets
review the options offered by Lloyds TSB Bank plc. and how you can
benefit from some of those options. Current accounts: -Lloyds
TSB Bank plc. provides access to largest network of branches in UK -Fully
compatible with the network of major banking machines -Variety of
options to choose from for your financial situation ie. students ,international,
flexible fees, -Flexible options for checks, withdrawals, deposits,
and daily bill payments. -Internet banking option Savings accounts: -Lloyds
TSB Bank plc. has a full package of comprehensive offerings of interest
bearing accounts including but not limited to: guaranteed investments,
ISA options, child trust funds, etc. -Online investment options Credit
cards: -Lloyds TSB Bank plc. has preferred interest rates -Both
American Express and Master Card offerings -Cashbacks and rewards -Easy
online application and approval Loans: -Lloyds TSB Bank plc.
has a very effective and quick approval process to qualify you for
secured and other loan types -Personal loans -Secured loans -Education
Loans -Loan protection -Easy online application Mortgages: -Lloyds
TSB provides both variable and fixed rates with a full range of financing
repayment plans. -Tracker Mortgages with the rates linked to the
Bank of England Base Rate Lloyds TSB Bank will provide its expertise,
advice, convenient options with the UK largest branches network and
online interne solutions, and wide range of accounts and offerings
to work with you to help you meet your financial needs. In UK there
are many other reputable financial institutions. Doing your homework
and comparing the options can ultimately help you choose the best deal
for whatever your financial needs are.
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seek professional advice before making any decisions.
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