Making your money work for you...
Because of the extraordinarily low rate of Student Loans and student overdrafts many students are clever with their money and make it work for them. Not only does this provide a financial backbone to assist them in their times of need, but also the interest can be a nice little earner over the university year.
The cheap rate of borrowing often encourages students to take a much larger student loan than they actually need, coupled of course with the standard student overdraft which starts at around £1000 - which might be spent on a holiday during their summer before university or simply spent on drinking and a red wig for the 80's night during Freshers week.
As students strive to manage their money more efficiently, one can only praise the initiative of investing any surplus fund and for that matter student loans into high interest savings account.
Investing your money in Online bank ING will provide you with a return of 4.5% AER or
Annual Equivalent Rate, and savings start at just £1.....
Get that money working for you!
The ING Direct Savings Account -
the world's leading direct savings bank offers everyone the same great savings rate of 4.5% AER with no catches. There are no ‘hidden' introductory bonuses or penalties – and you can start with just £1. |
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