Not as simple as it first sounds, there are many different types of bank account with each one offering something specific and it is a matter of finding the account that matches your exact requirements at this time.
- There are better bank accounts for earning interest if you stay in credit throughout the month on a longer term basis.
- There are bank accounts that are best for earning cashbacks and other rewards
- There are bank accounts that offer better rates if you use an authorised overdraft
- There are bank accounts that offer special extra benefits and add-ons, called Packaged Bank Accounts, that may save you money on other services.
Below is a helpful video from the Money Advice Service on how to open a bank account: