Student Money Saving: Banks

26.03.13
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Student Banking – The Overdraft Guide

As a student, it’s likely it is the first time in your life you will have large sums of money at your disposal. It’s important, then, that you keep it in a safe place – namely a bank. With so many different student accounts out there, it can be hard to choose and people often choose whichever bank has the nearest cash-point to their house or the best free gift upon signing up.

Money

A warning though, this is not the way to go. In the short term it may seem glamorous, but the key feature is how much interest free overdraft they offer. This is what will save you money in the long term.
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25.12.12
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Student Bank Accounts

Most of the major high street banks offer a student account with varying advantages and rates. The following article illustrates what overdrafts are available and other benefits on offer.

Piggy Bank

The Cooperative Bank: Student Current Account

Website: www.co-operativebank.co.uk

The Cooperative Bank offers a £1400 guaranteed 0% interest overdraft in the first year, followed by a guaranteed £1700 in the second year, and finally £3000 in the third year. This is by far the highest available guaranteed arranged overdraft in any student current account, however it is still monitored by the bank dependent upon your bank activity.

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08.12.12
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Student Credit Cards

Finances can be tight whilst you are studying at University.  A temporary solution can come in the form of a credit card. Check out the following article for information on some of the major banks student credit cards including rates, conditions and feedback from other students.

NatWest

NatWest offer a student only credit card, with a minimum credit limit of £250 and maximum credit limit of £500. There is also a direct debit service to avoid late fees, and no annual fee. When choosing to set up a NatWest student credit card, you also receive discounts from a variety of companies, including HP, Lonely Planet and Firebox.com, as well as travel discounts for various air tickets and hotels. Customers also receive free email and text alerts for reminders of current balance and when payments are due. The other advantage is the fact that you don’t have to use it on a regular basis, but can keep it in case of an emergency (which is particularly useful for students who don’t want to overspend).

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