For many young people, venturing into higher education signals a transition into the adult world of financial responsibility and planning.
Handling finances responsibly whilst living on tight budgets and keeping up with social and educational costs, often while living away from home, can be a daunting prospect. With the right level of budgeting, however, juggling such matters can be stress free.
HSBC Student Bank Account
Penny says… "Coming out on top is HSBC's Student Bank Account offering an instant £500 interest-free overdraft when the account is opened.
"Students can get an interest-free overdraft of up to £3,000, subject to their credit status. They'll also benefit from the generous 2.00% interest paid on in-credit balances over £1,000. As an added incentive, if opened before 31 October 2013, students will be able to download 18 music albums from Sony."
Halifax Student Current Account
Penny says… "Halifax's no frills Student Current Account offers an interest-free overdraft up to £3,000.
"Students planning on travelling during summer holidays will benefit from commission-free foreign currency and traveller's cheques."
Barclays Bank Student Additions Account
Penny says… "Barclay's Bank's Student Additions Account offers an interest-free overdraft of up to £2,000.
Lloyds TSB Student Account
Penny says… "Lloyds TSB offers students an interest-free overdraft up to £1,500 in years one to three, going up to £2,000 in years four to six.
"A host of attractive incentives, such as a NUS extra card and £75 off STA Travel bookings, will further boost this account's appeal."
Santander Student Current Account
Interest free overdraft up to £1,500 in years one, two and three, £1,800 in year four and £2,000 in year five, subject to applicant's circumstances.
Penny says… "Students can save up to one third on most rail fares with this bank account from Santander.
"The account also offers an interest-free overdraft up to £2,000."
Information & Rates correct as at: 27/08/2013
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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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