High Street Bank

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DEFINITION of 'High Street Bank'

A term originating in the U.K. to refer to large retail banks which have many branch locations. The term "high street" is meant to indicate that these banks are major, widespread institutions, such as those that would be found in the main commercial sector of a town or city. High street is roughly synonymous to the American term "Main Street."

BREAKING DOWN 'High Street Bank'

Major high street banks in the U.K. include Barclays PLC, Royal Bank of Scotland Group PLC (RBS), Llyods TSB Bank PLC, and HSBC Bank PLC. These large High Street banks typically offer a diverse selection of banking services such as online banking, mortgages and savings.

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RELATED FAQS
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    It is not commonly possible to cancel or stop payment on a bank draft since it, in effect, represents a transaction that ... Read Full Answer >>
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    Discretionary income is the money left over from your gross income each month after taking out taxes and paying for necessities. ... Read Full Answer >>
  3. For what types of accounts are demand deposits available?

    There are essentially three types of accounts available as demand deposits: checking accounts, savings accounts and money ... Read Full Answer >>
  4. What proportion of my income should I put into my demand deposit account?

    Generally speaking, aim to keep between two months and six months worth of your fixed expenses in your demand deposit accounts. ... Read Full Answer >>
  5. What net interest margin is typical for a bank?

    In the United States, the average net interest margin for banks was 3.03% in the first quarter of 2015. However, this was ... Read Full Answer >>
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