The Comparison of British and Czech Banking Accounts

Abstract

The dissertation main goal is to compare basic banking products of Czech and British banks from investor’s and regular client’s point of view. The ‘Literature review – B2C Banking‘ chapter introduces researched banks from their business appearance and their brief history of their operation on the market. The ‘Banking Systems: UK and CZ’ chapter underlines the fundamental parts of banking systems such as basic functions of a bank and difference in banking systems. Also it will cover the banking products concerning regular client of the bank and it will also address the important factor influencing the costs and yield of a banking product such as inflation and interest rate. The ‘Research Methods’ chapter addresses the methodological approach to the topic of the dissertation in a term of philosophy, approach and the way how the data were collected. The main research is described in the chapter ‘Analysis, Findings and Conclusion’, also the formulas used for calculations are described and main research is conducted by using different scenarios for calculation of the Future value and Monthly annuity. The results of the research are discussed and evaluated in the same chapter and the section ‘Conclusion’ presents recommendations.