The Student’s Guide to Bank Accounts
Choosing your student bank account should be thought about carefully as your choice will affect what overdraft limit and interest rates you’ll end up with. Here are some basic points to follow researching accounts:
1. Compare student bank accounts
If you want the most competitive deal then you’ll have to look further than your local bank branch. Use our student bank account comparison table to compare interest rates, overdraft limits and more.
2. Check interest rates and overdraft limits
There’s no point in comparing student bank accounts if you’re just going to choose the one with the best freebie. Look at the accounts with the best interest rate and overdraft limit to suit your budget, then take a look at the special benefits that come with it.
3. Stick to your budget
The whole point of researching your bank account is to make managing your student finances easier - don’t negate that by getting a huge overdraft that you can’t afford to repay before the high interest rates kick in.
Read ‘The Student’s Guide to Banks’ for more information on comparing accounts, budgeting and managing student finances.