To clarify...
The loan is organised through HSBC in Hythe, which funnily enough is just down the road from CTC HQ at Dibden. One of the conditions of the loan is that you move your current account from your current back to HSBC in Hythe. You will then have two accounts, one current account for day to day transactions, and one loan account to pay the bond instalments.
As for moving the loan into a high interest account, forget about it. The bond is transferred on a monthly standing order from out of your loan account, the benefit being that you do not have to take the full 60k out from the start; rather it accumulates over time with the monthly standing orders, reducing the overall interest over the life of the loan - don't ask me by how much.
Everything else regarding finance will fairly quickly become evident after passing selection, so the best bet is to concentrate on getting through that first, and worrying about the administration side of things later.
Good Luck!
Regards,
Streety