New bank account

RS_MCC

Hi

I am wanting to open a new bank account and deposit a few thousand pounds to start with 
what is the best account to pick ?

[Deleted User]

It depends on the type of account you want - eg in terms of access and returns, as well as how you prefer to manage it.

eskbanker

RS_MCC said:

Hi

I am wanting to open a new bank account and deposit a few thousand pounds to start with 
what is the best account to pick ?

'Best' means different things to different people, so impossible to offer any concrete guidance without significantly more detail of your requirements, but in the mean time there's plenty of reading material at:

https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

ColdIron

I am wanting to buy some new clothes and wear them to start with 

what are the best clothes to pick ?

The best for one person could be the worst for another. You'll need to say what is important to you and what your old account(s) don't do that you want the new one to do

penners324

Hsbc are best for money laundering 

dr_adidas01

penners324 said:

Hsbc are best for money laundering 

As are Natwest and RBS… 😂😂

Zanderman

I'm guessing, judging by your other recent post (which has moved to its own thread at https://forums.moneysavingexpert.com/discussion/comment/78891546) that you may be looking for an account to stash your 25% tax free pension withdrawal?  Which you say will be exactly £25K.

In which case the first question is how readily accessible do you need it to be - as it would make sense to get some interest but the better interest rates are for fixed term accounts (i.e. accounts with limited access for the term of the fixed term).  

And so, if it is that £25K, it may be 'best' that you put some of it into an account where you can access it readily and some in other account(s) where it is inaccessible for, say, 1 or 2 years, where you can get a better interest rate until you need it. 

In other words you need to think about more than one account.

eskbanker's post above gives links to overviews of the accounts available.