Natwest Student Bank Accounts
Natwest Bank has the most first year students opting for their student bank accounts that any other bank although with their current offer it's hard to see why that is. Perhaps it's because they have a good student branch network but check out their overdraft deal because other banks offer greater free overdrafts.
The Natwest Student Bank Account
The Natwest student bank account works operates like any normal banking account and has a basic £1,500 free overdraft where other banks offer much more. The full details of their current offer are as follows:
- Interest free overdraft of up to £1,500
- Can increase this to £2,000 in your 5th year if you get that far !
- 0.10% AER on credit balances in your account
- A student credit card with a £500 balance (rate of over 18% AER)
- Fee free day to day banking
- No freebies to entice you to bank with them
- Includes Natwest international debit card
- Easy access through Natwest’s branches and cash machine network.
- unlimited online and telephone banking - for 24-hour access to your bank account
The Natwest Graduate Account
The Natwest graduate account is for people who have just left university and to help them on their way and includes an interest free overdraft of up to £2,000 with no monthly fee. The full details are as follows:
- Interest free overdraft of £2,000 on opening
- Identity theft Insurance
- Loans of up to £15,000 at preferential rates payable over 8 years
- Includes Natwest debit card
- 0% AER credit interest on money in your account for Natwest University Accounts
- Easy access through Natwest’s branches and cash machine network.
- unlimited online and telephone banking - for 24-hour access to your bank account
These are reasonable accounts and the one big bonus is the fee free overdraft of up to £1,500 although other banks offer better deals.