Key Facts

 

Banking Guides

 

Current Account Glossary
Current account terms explained

Who Owns Who? – Banks and Savings
The following list covers the main UK banks, and, importantly, banking and savings brands.

Bank Account Key Factors
Bank accounts generally are designed to do the same job, but depending on how you’ll run your account, you will be looking for different things in terms of what your account offers.

Banking Tips

 

Simple Ways to Save Money in the Home
Now we are in a recession and feeling the effects of ‘non-flation’, it is important to save money where you can. As a nation we use far more energy than is necessary and this hits us in the pocket when our energy bills arrive.

Save Nearly Five Hundred Pounds a Month
Save nearly five hundred pounds in just one month and look after your health in five steps, according to health experts at Bupa

Banking Best Buys

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Graduate Bank Accounts

CompanyCredit InterestCredit Card LimitMax Free O/D Per YearAuth FeesUnauth Fees
Bank of Ireland (NI)
Account Graduate C/A
Package Year 2009/10
Authorised Overdraft: 0.0% EAR (0.00% pm) - £1
Unauthorised Overdraft: 12.68% EAR (1.00% pm) - £1
After Graduation: Apply within 2 years after graduation
Fee: Nil
-NegYear 1 up to £1000
Year 2 up to £1000
Nil1% pm min £2
Barclays Bank
Account Higher Education Account
Package Year 2009/10
Authorised Overdraft: 19.3% EAR (1.49% pm) - £1
Unauthorised Overdraft: 0.0% EAR (0.00% pm) - £1
After Graduation: Apply within 2 years after graduation
Fee: Nil
-£4000Year 1 up to £1500
Year 2 up to £1000
NilNil
[?]
Barclays Bank
Account Graduate Additions
Package Year 2009/10
Authorised Overdraft: 9.9% EAR (0.79% pm) - £1 to £3K
Unauthorised Overdraft: 0.0% EAR (0.00% pm) - £1
After Graduation: Apply within 3 years after graduation
Incentive: Discounts on shopping and leisure on website www.Barclaysandme.com, free mobile phone insurance & free RAC roadside assistance
Fee: £7.00 pm
-£4000Year 1 up to £3000
Year 2 up to £2000
Year 3 up to £1000
Year 4 up to £500
Year 5 up to £200
NilNil
[?]
First Trust Bank (NI)
Account Graduate Account
Package Year 2009/10
Authorised Overdraft: Negotiable - £1
Unauthorised Overdraft: 9.0% ABR + 1.00% pm - £1
After Graduation: Apply within 2 years after graduation
Fee: Nil
-NegYear 1 up to £1000
Year 2 up to £1000
Year 3 up to £1000
NilNil
HSBC
Account Graduate Bank Account
Package Year 2009/10
Authorised Overdraft: 19.9% EAR (1.52% pm) - £1
After Graduation: Apply within 2 years after graduation
Fee: Nil
-NegYear 1 £1500
Year 2 £1000
Nil-
Lloyds TSB
Account Graduate
Package Year 2009/10
Authorised Overdraft: 16.8% EAR (1.30% pm) - £1
Unauthorised Overdraft: 16.8% EAR (1.30% pm) - £1
After Graduation: Apply within 3 years after graduation
Incentive: £50 paid within 31 days of receiving first regular salary credit over £1000 into account. Dial-a-phone offer inc £40 cash back on take up of line rental. For new Lloyds TSB custs return flight voucher to 1 of 6 European destinations
Fee: Nil
0.10%NegYear 1 £2000
Year 2 £1500
Year 3 £1000
Nil£15 pm
[?]
Lloyds TSB
Account Islamic Graduate Account
Package Year 2009/10
Unauthorised Overdraft: 16.8% EAR (1.30% pm) - £1
After Graduation: Apply within 3 years after graduation
Incentive: £50 within 31 days of receiving first regular salary credit over £1K. Dial-a-phone offer inc £40 cash back on take up of line rental. New custs recieve return flight voucher to 1 of 6 European destinations.
Fee: Nil
-NegYear 1 £1500
-£15pm
NatWest
Account Graduate
Package Year 2009/10
Authorised Overdraft: 17.81% EAR (1.38% pm) - £1
Unauthorised Overdraft: 17.81% EAR (1.38% pm) - £1
After Graduation: Apply within 3 years after graduation
Fee: Nil
0.10%NegYear 1 £2000
Year 2 £1000
Year 3 £500
NilNil
Royal Bank of Scotland
Account Graduate Royalties
Package Year 2009/10
Authorised Overdraft: 9.9% EAR (0.79% pm) - £1
Unauthorised Overdraft: 17.81% EAR (1.38% pm) - £1
After Graduation: Apply within 2 years after graduation
Incentive: Discounts on selected hols/travel/car ins/home ins/over 450 restaurants/theatre & concert tickets/DVDs/videos/CDs/computer games/books
Fee: Nil
1.02%NegYear 1 up to £2000
Year 2 up to £1500
Year 3 up to £1000
Nil£10 pm
Santander

Account Graduate Account
Package Year 2009/10
Authorised Overdraft: 9.9% APR (0.79% pm) - £1
Unauthorised Overdraft: 28.7% APR (2.12% pm) - £1
After Graduation: Apply within 3 years after graduation
Fee: Nil
0.10%£350Year 1 £2000
Year 2 £1000
Year 3 £500
Nil£25 per month
Click here to Apply for this Product
Santander

Account Postgraduate Account
Package Year 2009/10
Authorised Overdraft: 9.9% APR (0.79% pm) - £1
Unauthorised Overdraft: 28.7% APR (2.12% pm) - £1
After Graduation: Apply within 3 years after graduation
Fee: Nil
0.10%£350Year 1 £1000
Year 2 £1250
Year 3 £1500
Year 4 £1800
Nil£25 per month
Click here to Apply for this Product
Ulster Bank
Account Graduate Account
Package Year 2009/10
Authorised Overdraft: Negotiable - £1501
Unauthorised Overdraft: 12.68% EAR (1.00% pm) - £1
After Graduation: Apply within 1 year after graduation
Incentive: Discounts at EA mobile Games and Squirrel save.
Fee: Nil
0.01%£350Year 1 up to £1500
NilNil
Disclaimer:
All rates subject to change without notice. Please check all rates and terms before investing or borrowing.
 
Oinky the Pig!

Graduate Accounts Explained

Most major banks offer accounts and other financial services specifically tailored for graduates. These accounts can help you to manage your money and student debt more effectively and are traditionally used for day-to-day banking activities. You have to apply for these accounts within a certain number of years after graduating.

Graduate accounts offer a range of different facilities such as preferential overdraft and loans rates, commission free currency and travellers’ cheques.

 
 

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