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Generic content loaned from MissYourMum.com. My thanks to them.
Banks are always keen to secure the custom of students as they believe you are likely to stay with the same bank for life. They have many tempting offers to lure you to their account, however you should shop around and choose the account that meets your needs. Do not choose a bank purely because it is nearest to your house or because the freebies are most tempting; it is better to find one which will allow you time to repay your overdraft when you graduate.
Here are the offers on student accounts from some of the best-known banks for the year 2004/5. For the latest information, please follow the links to each bank's site.
Barclays. (www.personal.barclays.co.uk)
£200 overdraft 'buffer' available at all times. Interest free.
£1000 overdraft available on request, interest free (rising each year).
£3000 overdraft available on request, however you must pay interest at 8.9% when the overdraft is greater than the interest free limit
They offer a £20 voucher book for Waterstones and HMV when you open your account and pay in £500, a National Express coachcard, and various other discounts e.g. at restaurants.
HSBC. (www.ukpersonal.hsbc.co.uk)
£1000 overdraft in year one, incrementing each year thereafter. Interest free.
Perks include £50 credited to your account, a free BSM driving lesson, and other discounts on Lonely Planet books and further driving lessons.
Lloyds TSB. (www.lloydstsb.com)
£1000 overdraft available interest free, incrementing each year.
They offer discount vouchers for meals, software, books and bikes.
Natwest. (www.natweststudents.com)
They offer £1250 interest free overdraft in the first year.
They will give you £55 or a young person's Railcard on opening the account.
Halifax. (www.halifax.co.uk)
Interest free overdraft starts at £1250 in the first year.
No perks or additional incentive; this is their current account product with a different overdraft facility.
Generic content loaned from MissYourMum.com. My thanks to them.
Banks are always keen to secure the custom of students as they believe you are likely to stay with the same bank for life. They have many tempting offers to lure you to their account, however you should shop around and choose the account that meets your needs. Do not choose a bank purely because it is nearest to your house or because the freebies are most tempting; it is better to find one which will allow you time to repay your overdraft when you graduate.
Here are the offers on student accounts from some of the best-known banks for the year 2004/5. For the latest information, please follow the links to each bank's site.
Barclays. (www.personal.barclays.co.uk)
£200 overdraft 'buffer' available at all times. Interest free.
£1000 overdraft available on request, interest free (rising each year).
£3000 overdraft available on request, however you must pay interest at 8.9% when the overdraft is greater than the interest free limit
They offer a £20 voucher book for Waterstones and HMV when you open your account and pay in £500, a National Express coachcard, and various other discounts e.g. at restaurants.
HSBC. (www.ukpersonal.hsbc.co.uk)
£1000 overdraft in year one, incrementing each year thereafter. Interest free.
Perks include £50 credited to your account, a free BSM driving lesson, and other discounts on Lonely Planet books and further driving lessons.
Lloyds TSB. (www.lloydstsb.com)
£1000 overdraft available interest free, incrementing each year.
They offer discount vouchers for meals, software, books and bikes.
Natwest. (www.natweststudents.com)
They offer £1250 interest free overdraft in the first year.
They will give you £55 or a young person's Railcard on opening the account.
Halifax. (www.halifax.co.uk)
Interest free overdraft starts at £1250 in the first year.
No perks or additional incentive; this is their current account product with a different overdraft facility.
