Bank and building society accounts

There are two main types of bank or building society accounts – savings accounts and current accounts.

A savings account is for looking after money you don’t need at the moment and is a good idea to have at any age.

A current account allows you to manage your day-to-day money in an efficient way and is vital once you are responsible for making regular payments yourself.

Sharia-compliant accounts operate in a particular way; you can find out more information here.