NatWest account lets graduates escape

01 July 2004
NatWest has launched its 2004 graduate account, available for up to three years after graduation.

This new package includes offers which the bank feels will help with the transition from student to working life.

New this year is NatWest Escape, a new travel service designed for university leavers. It offers graduates tailored travel advice, special offers and discounts for all types of travel.

As part of the package graduates can purchase commission-free foreign currency.

Speaking about the service the head of NatWest personal banking, Robin Taylor, said it gives "graduates the opportunity to benefit from unique travel deals should they wish to take a well-earned break after graduation!"

Customers are additionally offered a graded three-year interest free overdraft. For the first year after graduation the limit on this is £2,000, dropping to £1,000 in the second year and £500 in the third.

An interest free loan is available for three years, allowing graduates to pay off their overdraft straightaway should they choose to.

The bank also offers specific graduate loans, which allow university leavers to borrow between £1,000 and £15,000.

A four-month repayment holiday is possible if required and new graduates planning a trip around the world can defer repayment for up to 12 months, if they have secured a job for their return.

Mr Taylor added: "NatWest Graduate Managers are on hand to talk through the options available, from arranging a graduate loan to helping people onto the first rung of the property ladder."