Student Savings Accounts

When deciding which of the student savings accounts on the market to go for, it is worth comparing a number of the leading high street and online banks in order to find the best deal. There are a great number of providers on the market, so to get the most out of your money make sure you shop around.

Some things to consider when comparing student savings accounts include:

  • Interest rate – find the highest interest rate possible so you get the most out of your money
  • ISAs – Individual savings accounts are tax-free and have higher interest rates than standard savings accounts. Make sure you get one which allows instant access and does not lock your money away
  • Transfer your over-draft – it is possible to make money from interest-free overdrafts by transferring the money into a high-interest savings account; however, this would not be advisable if you need your overdraft for living expenses or have a poor track record for managing your finances effectively

Savings accounts vary in the way that interest is paid – monthly or annually – and how easily accessible it is. Compare savings accounts from a number of providers to make sure you find the right student savings account for you that offers a competitive interest rate and allows you access to your money when you need it most.

Cash ISA Selection
ProviderPlan NameDeposit TakerISA OptionTermMaximum Potential ReturnMore Info
Kick Out Deposit PlanInvestec Bank plcyesUp to
6 years

3%

per annum

More Info >
Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 3% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer.
Important Information: Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.