Top UK Banks in Jan 2022

10 Top Banks in the UK - Which Is the Best?

Contributors: Nicola Date, Katherine Read. Reviewed by Francis Hui

Are You Looking For a Bank That Can Weather the Storms & Protect Your Assets? With Over 350 Banks to Choose from in the UK, It's No Wonder That Your Head is Spinning. We've Shortlisted the Top 10 Banks.

buildings in uk

Top 10 UK Banks to Trust With Your Money

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The banking industry in the UK is the 4th largest in the world & the largest in Europe. It includes 160 foreign deposit-taking institutions & 47 building societies that are permitted to accept deposits.

With all these options it’s no wonder so many people experience decision paralysis. We take a look at the best banking options and will help you decide the one that’s right for you.

#01. HSBC Holdings

HSBC is headquartered in London and was founded in 1880. Around 85,000 people work for the bank including subsidiaries. Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking are the segments in which it works.

It manages 511 bank branches in the UK and another eight in the Isle of Man and the Channel Islands as of September 30, 2021.


#02. Schroders

Schroders was founded in 1804 and is headquartered in London. Around 5,000 people work for the bank. Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking are the segments in which it works.

It has 41 offices across Europe, America, Asia, Africa, and the Middle East, covering 27 countries.


#03. Close Brothers

Close Brothers was founded in 1920 and is based in London. Over 3,000 people work at the bank. It works through three divisions: retail, commercial, and property. Through motor dealers, insurance brokers, and merchants, the Retail sector provides intermediate finance, primarily to individuals.

The Commercial section provides secured credit to small and medium-sized businesses. Professional developers can get home development finance from the Property division.

close brothers group

#04. Royal Bank of Scotland

The Royal Bank of Scotland was formed in 1695 and is headquartered in Edinburgh. Around 27,000 people work for the bank.

Personal and Business Banking, Ulster Bank RoI, Commercial Banking, Private Banking, RBS International, NatWest Markets, Capital Resolution, Williams & Glyn, and Central Items and Other sectors operate as one of the UK’s banks.

royal bank of scotland

#05. Lloyds Banking Group

Lloyds Banking Group is one of the UK’s oldest running banks, having been founded in 1695. The bank, which is headquartered in London, employs over 61,000 people.

It offers banking and financial services to individuals and businesses in the UK and overseas under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands.

lloyds banking group

#06. Standard Chartered PLC

Standard Chartered PLC was founded in 1893 and works in four segments: Corporate and Institutional Banking, Retail Banking, Commercial Banking, and Private Banking. It employs roughly 82,000 people and is headquartered in London.

It had 1,026 branches in the United Kingdom as of 2021, as well as 13 branches in the Isle of Man and the Channel Islands.

standard chartered plc

#07. Santander UK

The Santander Bank was established in 1988. Around 21,600 people work at the bank. Retail Banking, Commercial Banking, and Global Corporate Banking are the three segments in which it works.

Santander, which is headquartered in London, operates through ATMs, telephonic, digital, mobile, Internet, and intermediary channels in addition to its 841 branches and 67 corporate business centres.


#08. Nationwide Building Society

The Nationwide Building Society was founded in 1846 and works in two segments: retail and commercial. The bank is headquartered in Swindon and employs over 13,000 people.

Current and savings accounts, ISA accounts1, residential mortgages, commercial real estate loans, project finance, social housing, personal and car loans, home renovation loans, and loans to housing associations are all available through the bank.

It also provides insurance and investment products, as well as financial planning services, credit cards, current account overdrafts, and treasury, liquidity, and discrete banking services.

nationwide building society

#09. Coventry Building Society

Coventry Building Society, based in London, offers a comprehensive range of construction and financial services.

Financial planning, mortgages, investment services, savings goods, brokerage services, and insurance products like travel insurance are all available. Around 2,700 people work for the bank.

coventry building society

#10. Barclay’s PLC

In 1690, Barclay’s PLC was founded. Retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management are all services provided by the bank.

It employs over 83,000 people and is headquartered in London.



You’ve seen the list of the Most Trusted Banks in the UK. We hope that it’s made your decision process easier. The most important thing to remember is to do your research and stay informed.

If you still have some unanswered questions, please contact us, and we’ll help you out.

Now Read: Beware of Which Equity Release Companies You Trust.

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Money Matters
rachel w

Rachel Wait
Personal Finance Journalist

Rachel is an experienced finance journalist and editor with a particular interest in personal finance and consumer affairs. She has vast experience writing about money issues, property, insurance, and consumer affairs, and you’ll find her articles regularly featured in top media and newspaper publications.
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Written by
John Lawson
Founder SovereignBoss

John is passionate about education and has made it his life-long mission to assist UK citizens on their future financial options, with a specialist interest in equity release, and SovereignBoss is the natural extension of this passion.

Reviewed by
Francis Hui
Senior Risk Manager

Having held various high-level roles across the industry, Francis is truly an expert in aiding UK citizens in their financial decisions and risk analysis. His unique insight and statistical knowledge make him the perfect person to help you take your financial future to the next level.
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Katherine Read
Consumer Affairs Writer

Since joining the editorial team at SovereignBoss, Katherine has become focused on bringing transparency to finances and opportunities for those approaching retirement age. She writes on the topics of equity release, home reversion, and mortgages.

Nicola Date
Writer & Journalist

Nicola is a financial writer for SovereignBoss and is passionate about the opportunities that equity release can open up for homeowners. Her extensive business experience and deep understanding of the industry means that she’s always up-to-date with the latest developments.

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