Banks are an important source of the United Kingdom economy. Due to the UK economy being one of the strongest in the world, it is not surprising to find several multi-national banks enjoying superior levels of popularity. There are also a few local banks as well.
This list aims to bring out the top UK banks as per their popularity.
1 HSBC UK
This Asian bank (HSBC is acronym for HongKong and Shanghai banking corporation) provides various avenues for its customers like investment, borrowing, and insurance products. Everyday banking services like maintaining accounts, credit cards, and creating savings are available. The bank claims to offer low deposit and low rate mortgages. There are also several tools and guidance articles to help plan for the future. Premium banking services are also available.
This is a British banking corporation that provides four different types of banking solutions in the UK – premier, personal, business, and corporate. There are several money lending products like credit cards, personal loans, and fixed rate mortgages. Insurance products are also available for home, car, travel, and life. There are more than 70 different investment products offered by this bank.
Natwest offers three different savings account for personal banking customers, while there are several more available under private, business, and commercial banking sectors. There is an online savings options with no penalties for premature withdrawals. Loans, credit cards, mortgages, and several insurance products are also present. Natwest also provides Financial and retirement planning services.
This Spanish bank provides current and savings account that provide interest depending on the money in the account. There are two different credit cards offered by the bank. Other products include loans, insurance, bonds, investments, and mortgages.
RBS offers features like three different types of current accounts, several credit card options, numerous insurance products, loans, mortgages, and investment products to personal, private, business, and corporate banking customers. There are several tools and guides for each aspect of the bank.
Lloyds TSB bank’s products are primarily split into personal, business, private, wholesale, and international banking. There are current accounts and different products for savings like fixed bonds and term deposits. This bank offers four different types of loans and six major credit cards.
Standard Chartered provides six different types of banking services in the UK like personal, priority, and preferred banking. All the accounts come with online or mobile app access. Each banking service offers products like mortgages, credit cards, and loans.
This is the British financial institution that offers current and saving accounts designed to provide immediate liquidity or maximum savings depending upon the preference. There are several investment products available along with advices from its financial advisors.
This is a financial institution owned by Lloyds, and it offers three different types of current accounts. Loans, mortgages, investments, and insurance are some of the other features available alongside the likes of share dealing and online banking services.
10 First Direct
First Direct specializes in offering a variety of online and mobile banking services. It offers car, home, and travel insurance solutions along with products like personal loans and credit cards. Several different types of saving accounts also present at First Direct.
The co-operative bank provides the usual banking features like current accounts, savings accounts, loans, mortgages, credit cards, and loans along with offshore banking features. Financial advice is also offered through this bank, which has other products in investments and insurance as well.
Owned by Lloyds, Bank of Scotland provides personal and business banking services. These services include features like several different types of loans and credit cards. Current and saving accounts also provided along with share dealing and currency exchange services for travelers.
13 Tesco Bank
Tesco bank is from leading UK retailer Tesco and specializes in offering personal banking services across a wide variety of products like insurance, credit cards, loans, and mortgages. There are several different types of saving accounts along with detailed information about the interest rates.
Clydesdale bank offers three different types of banking services – personal, private, and business. These services come with common features like Internet banking service for all current accounts. Credit cards, insurance, and saving accounts can be applied online. It is a part of Aussie banking group NAB. They also offer under another brand name Yorkshire Bank for Yorkshire area.
15 Smile Bank
This is part of the co-operative group and provides several banking solutions like loans, credit cards, and mortgages. Information about the rates of several services at the bank is available online along with the ability to open savings and current accounts through its website itself.
Sainsbury’s bank offers numerous banking services like loans, savings, and credit cards along with aspects like insurance and travelers’ money exchange. There are several how-to guides for managing the money along with customer support for various banking services.
17 CitiBank UK
This American multinational bank provides a range of services like different types of current and saving accounts. International and personal banking are some of the different types of services offered. The bank also provides investment related products and help.