
Bank Accounts
Navigating the world of financial products can be daunting, but having a clear understanding is essential for making informed decisions.
We provide comprehensive guidance on various types of bank accounts and savings options, helping you to choose the best solutions for your financial needs.
Our guides cover practical tips on opening savings accounts, ISA accounts or even tips on purchasing premium bonds. Whether you're planning on opening a bank account or simply want to enhance your knowledge, our detailed articles provide the insights you need.
Most Searched Bank Account Topics
What Is an ISA Account?
An ISA is a tax-free savings account with limits on deposits and types. Learn what an ISA account is, and how it helps you grow your money without paying tax.
How to Buy Premium Bonds
Premium Bonds are a savings product with prize draws instead of interest. Discover how to buy Premium Bonds, and what to know before investing.
What Is the Best NatWest Savings Account?
NatWest offers a range of savings products. Find out what the best NatWest savings account is based on rates, access, and account features.
What Is the Best Savings Account at Nationwide?
From fixed-rate bonds to flexible savers, Nationwide has options. Learn what the best savings account at Nationwide is, depending on your goals.
Can Universal Credit Check My Savings Accounts?
Yes savings over £6,000 can reduce your award. Discover whether Universal Credit can check your savings accounts, and what counts as capital.
What Is a Thrift Savings Account?
Common in the US, the TSP is a government-backed retirement plan. Learn what a Thrift Savings Account is, and how it compares to UK pensions.
What Is a Savings Account?
It’s a bank account that earns interest on your money. Discover what a savings account is, how it works, and the different types available.
How to Open a Savings Account
Opening an account is usually quick but you’ll need ID. Learn how to open a savings account, and what to consider before choosing one.
What Is the HMRC Warning on Savings Accounts?
HMRC may flag undeclared interest. Find out what the HMRC warning on savings accounts is, and how to avoid triggering an investigation.
DWP Bank Accounts for Pensioners
The DWP recommends accounts for benefit payments. Discover which bank accounts are used for pensioners by DWP, and how to manage payments safely.
How Often Do DWP Check Bank Accounts?
They can check during reviews or if fraud is suspected. Learn how often DWP checks bank accounts, and what information they have access to.
Best Children’s Savings Accounts
Get kids started early with tax-free or high-interest options. Find out what the best children's savings accounts are, from ISAs to regular savers.
Can I Transfer Money from Zilch to Bank Account?
Zilch is designed for spending, not transfers. Learn whether you can transfer money from Zilch to a bank account, and your alternative options.
Savings Accounts Stealth Tax UK
Low interest + inflation = shrinking savings. Discover how stealth tax affects savings accounts in the UK, and what savers can do about it.
Can You Have More Than One Current Account?
Yes and many people do. Learn whether you can have more than one current account, and when it’s smart to spread your banking.
How Can You Close a Bank Account?
The process is simple but must be done properly. Find out how to close a bank account, and what to do with standing orders and direct debits.
How to Transfer Money from Credit Card to Bank Account
Balance transfers and money transfer cards can help. Discover how to transfer money from a credit card to a bank account, and the costs involved.
Savings Accounts for Grandchildren
Give them a financial head start. Learn what savings accounts are best for grandchildren, and whether to open it in your name or theirs.
Best Notice Savings Account
These accounts offer better rates if you lock your money in. Find out what the best notice savings account is, and how notice periods work.
Best Sole Trader Bank Account
You’ll want simplicity, low fees, and easy bookkeeping. Discover what the best sole trader bank account is, and what makes it business-friendly.
How Many Savings Accounts Can I Have?
There’s no legal limit just practical ones. Learn how many savings accounts you can have, and when it helps to split your savings.
Nationwide FlexPlus Account Fee Increase Warning
FlexPlus is a paid account — and fees can rise. Find out what the Nationwide FlexPlus account fee increase warning means, and if it’s still worth it.
Bad Credit Company Bank Account
Some banks specialise in high-risk businesses. Learn where to find a company bank account with bad credit, and what fees or limits to expect.
Banks That Do Trust Accounts
Trusts need special banking arrangements. Discover which banks offer trust accounts, and how to set one up correctly.
Can I Have 2 PayPal Accounts?
Yes but with restrictions. Learn whether you can have two PayPal accounts, and how to separate personal and business use.
How to Transfer Money from Clearpay to Bank Account
Clearpay isn’t designed for withdrawals. Find out how to transfer money from Clearpay to a bank account, and whether it’s even possible.
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At Towerstone Accountants, we’re committed to providing exceptional service and tailored advice to meet your personal and business financial needs. Whether you’re looking for help with tax planning, bookkeeping, or corporate accounting, our team is here to assist you.
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