There is a sea of banks and financial institutions operating in the UK. Some are of British origin, having been around for many years, while others have only reached UK shores in the last few decades, with yet new players entering the scene! So how to navigate your way around and find the best bank for you? Well depends on what you are looking for in a bank – some perform better than others in certain departments, while others are focusing on specific products or services. It is all relative as they say.
The top 5 banks in Great Britain Right now
Here are the largest and best ranked banks in UK right now:
- HSBC Holdings
- Barclays PLC
- Royal Bank of Scotland Group
- Lloyds Banking Group
- Standard Chartered PLC
For detailed information on how each bank is currently doing in terms of revenue, performance, growth, problems, complaints etc. click here.
The highest interest paying accounts in UK
Below are the four banks which give you accounts with the highest interest amount:
- TSB Bank – up to 5% yield
- Nationwide – up to 5% yield
- Lloyds Bank – up to 4% yield
- Santander – up to 3% yield
Remember interest rates and interest accrued accounts are subject to many conditions set by banks individually.
The largest bank in Great Britain – quick summary
Although some of the big five are of British origin, these banks operate on a global scale. Each of the big five has thousands of branches worldwide. The largest and best performing bank in Great Britain is HSBC (although not of British origin) the institution has established itself as favourite in the country and number one in terms of total assets for 2017. HSBC serves more than 47 million people through six thousand offices in seventy one countries.