What is a cheap bank account?

What is the difference between a current bank account and classic bank account?

• I just got a under 19's current account with Lloyd's TSB and I just wanted to know what was the difference between a current and a classic account. My dad has a classic account and he told me that it is just the simple normal account but my mum told me the same too. Now you see my confusion. So, if anyone knows the difference between a current and classic account, I would appreciate it. Also, if anyone knows, could you tell me what a classic bank account is. Thank you :) And one more thing, which one is better to get? Thanks again.

• Answer:

  I looked it up and apparently current accounts are a broad term used for a specific type of bank account in the U.K. The details of current accounts can be found here: http://en.wikipedia.org/wiki/Current_account_(banking)#Current_accounts I believe that you have a 'Youth' current account, as opposed to the 'classical' account that your parents have. The details of the difference between these accounts can be found here: http://www.lloydstsb.com/current_accounts.asp