Student accounts for the new academic year

Published by Sam Barrett on 06 September 2012.
Last updated on 06 September 2012

Calculator and budget

BANK OF SCOTLAND

Credit interest: n/a
Interest-free overdraft: Year 1 £1,500, Year 2 £1,500, Year 3 £1,500, Year 4 £2,000, Year 5 £2,000, Year 6 £2,000
Authorised overdraft: 8.21% plus £5 per month usage fee if £10 buffer exceeded

BARCLAYS

Credit interest: n/a
Interest-free overdraft: Year 1 up to £2,000, Year 2 up to £2,000, Year 3 up to £2,000, Year 4 up to £2,000, Year 5 up to £2,000
Authorised overdraft: 8.9%

CLYDESDALE BANK

Credit interest: n/a
Interest-free overdraft: None
Authorised overdraft: Year 1 7.49% up to £1,000, Year 2 onwards 7.49% up to £3,000

HALIFAX

Credit interest: 0.1%
Interest-free overdraft: Year 1 up to £3,000, Year 2 up to £3,000, Year 3 up to £3,000, Year 4 up to £3,000, Year 5 up to £3,000
Authorised overdraft: 7.2%

HSBC

Credit interest: 1.98% for first year up to £1,000
Interest-free overdraft: Year 1 onwards up to £3,000. £500 formal overdraft limit agreed at account opening
Authorised overdraft: None

LLOYDS TSB

Credit interest: n/a
Interest-free overdraft: Year 1 £1,500, Year 2 £1,500, Year 3 £1,500, Year 4 £2,000, Year 5 £2,000, Year 6 £2,000
Authorised overdraft: 8.21% plus £5 per month usage fee if £10 buffer exceeded

NATWEST

Credit interest: n/a
Interest-free overdraft: Year 1 up to £1,000, Year 2 up to £1,250, Year 3 up to £1,500, Year 4 up to £1,750, Year 5 up to £2,000
Authorised overdraft: Nil

ROYAL BANK OF SCOTLAND

Credit interest: n/a
Interest-free overdraft: Year 1 up to £1,000, Year 2 up to £1,250, Year 3 up to £1,500, Year 4 up to £1,750, Year 5 up to £2,000
Authorised overdraft: Nil

SANTANDER

Credit interest: 1% to £500
Interest-free overdraft: Year 1 £1,000, Year 2 £1,250, Year 3 £1,500, Year 4 £1,800, Year 5 £2,000
Authorised overdraft: Nil

SMILE

Credit interest: 0.12%
Interest-free overdraft: Year 1 £1,000, Year 2 £1,400, Year 3 £1,800, Year 4+ £2,000
Authorised overdraft: Nil

THE CO-OPERATIVE BANK

Credit interest: n/a
Interest-free overdraft: Year 1 £1,400, Year 2 £1,700, Year 3 £2,000
Authorised overdraft: 9.9%

YORKSHIRE BANK

Credit interest: n/a
Interest-free overdraft: None
Authorised overdraft: Year 1 7.49% up to £1,000, Year 2 onwards 7.49% up to £3,000

Source: Moneyfacts, 24 July 2012

 

first direct 1st Account

Advertisement
  • £100 signup fee - and £100 if you choose to leave after six months*
  • First £250 overdraft is interest and fee free
  • Multi award winning customer service

 

Leave a comment