Still haven't got a Current Account?
If you get a current account sorted before you get to Uni then there wont be a delay in receiving your first student loan instalment. Also, as a student you are entitled to an overdraft, which starts at around £1000 and carries and extremely low rate of interest - making it perfect for borrowing whilst at university.
Here is how the top student bank accounts compare. Remember you are looking for one with a low level of interest and one that doesnt charge you an arm and a leg everytime you exceed you overdraft limit. Whilst in my second year of university I was forever getting in the red, only for my bank to charge me £20 for the pleasure.
Bank: |
Max Interest free overdraft
|
Overdraft Rate
|
Fee |
Credit Interest |
Offers: |
- First Year. |
- Final Year |
Authorised |
Unauthorised |
| Abbey |
£1,000 |
£1,500 |
9.9% |
28.7% |
£20 |
1.49% |
£20 cash |
| Barclays |
£1,000 |
£1,500 |
8.9% |
27.5% |
- |
0.1% |
Discounts on shopping |
| HSBC |
£1,000 |
£1,500 |
8% |
15.9% |
- |
0.1% |
10 CDS or mp3 player |
| Halifax |
£2,750 |
£2,750 |
7.2% |
24.2% |
£28 p month |
2% |
Discounted travel insurance |
| Lloyds TSB |
£1,500 |
£1,500 |
7.4% |
29.8% |
£30 per day |
0.1% |
Free Ipod Shuffle. |
| Natwest |
£1,250 |
£1,600 |
- |
17.81% |
- |
0.1% |
5 Year young persons railcard |
| RBS |
£2,500 |
£2,500 |
- |
29.84% |
£10 |
2% |
Travel discounts. |
For you enjoyment, we've added this classic NatWest advert..... awesome.
But dont forget to look beyond the free gift and ensure that you get the best student account for your needs.
Why the Adverts?
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E-mail: Info@clearstudentdebt.co.uk