Student Bank Accounts
Student Bank Accounts
Student bank accounts vary greatly in what they offer, such as free gift incentives, cashback, over-draft facilities and what they charge, for example, if you exceed an agreed over-draft limit.
It is important to shop around and find the best deal; look at high street banks in addition to online banks which are very competitive in what they offer. There is a wide selection of both student current accounts and student savings accounts to choose from.
Some things to consider when comparing student bank accounts include:
- Interest rate – is it competitive when you are in credit?
- Over-draft facilities – if it’s interest-free, the limit, fees and interest rate if you exceed your interest-free limit, and how long you have to pay it off when you graduate
- Benefits/free gifts – some offer extra incentives to entice you to open an account, such as £50 cashback, free gifts, or introductory periods
Before you decide which student bank account is the right one for you, make sure you compare bank accounts from a number of providers; do not just go for the one offering a free gift, as another bank may save you more money in other areas such as overdraft interest and fees.
Alternatively click on Student Money advertising links below: