It may seem counterintuitive to open up more bank accounts if you are trying to sort your finances but it could be the most helpful thing you do.
We currently enjoy free banking in the UK. This means that it doesn’t cost you anything to set up a new bank account, and can be done with as little as an initial £1 deposit and a few clicks of a mouse.
So why can you never have too many bank accounts?……today’s Money tip #73 – Start ‘big picture’ budgeting explains.
£200 Pension Cashback Offer
Make a qualifying deposit or transfer a pension to our partner Interactive Investor.
- Deposit or transfer a pension of at least £20k and you could earn £200 cashback
- Terms and Fees apply, Capital at risk
- New & Existing customers opening a SIPP
- Offer ends 30th June 2026
Before starting your transfer, check you won't lose any valuable benefits (such as guaranteed annuity rates or a lower protected pension age) and find out what exit fees you might have to pay
Provided by our partner
