Banks - Building Societies Directory

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Banks - Building Societies Directory

The banking industry in the UK has seen a number of developments in recent years that have opened up the way that both businesses and consumers can access and use banking products and services. We have seen a significant increase, for example, in Internet banking services with both the traditional high street banks and Internet banks opening up the market via web technology so that we can bank from home and work via a PC safely and securely. Online banking is now an extremely viable option for both our personal banking and business banking needs however in general your high street bank and Building Society remain committed to keeping their branches open at the same time. There has been a significant rise in the last few years of businesses offering dedicated Internet banking services without a bricks and mortar operation - these sites are often established or backed by traditional banks and Building Societies. Even those banks and Building Societies that don't offer online banking services will use the Internet to offer value added services to their customers. Most banking websites will offer product and service information on their websites and other information such as a cash machine locator and mortgage calculators, for example.

The industry has also has a mini mortgage revolution. The UK has recently started to adopt similar mortgage practices to those in other countries such as Australia where interest is calculated on a daily rather than an annual basis. This helps ensure that consumers can gain the best possible advantages in both time and cash if they pay more off their mortgages. There is also an increasing take up of flexible mortgages where consumers pool their assets in one account to shorten the life and cut the interest payable on their mortgages. In this section of our site you will find a full range of banking related providers.