Santander Student Bank Accounts
The Santander is the large Spanish bank that now owns the Abbey, Alliance and Leicester and part of the Bradford and Bingley and they are slowly merging all their operations into one bank.
The soon to be announced Santander student bank account seems to have all the ingredients of the banks they have taken over plus a few more special items.
The Santander Student Account
Currently the Santander student account works under the Santander universities unbrella and the accounts are the same as the Abbey except they pay a much higher rate on savings at 5.0% AER. Here are the details of the UK student banking accounts they current offer.
- Interest free overdraft of up to £2,000
- £50 cash incentive credited to the account after it has been opened for one month
- Includes a Visa debit or Electron card
- 5% AER credit interest on money in your account for Santander University Accounts
- Easy access through Santander’s 700+ branches and cash machine network.
- unlimited online banking - for 24-hour access to your bank account
The Santander Post Graduate Account
The Santander post graduate account works just like a regular bank account but you get a few goodies such as an interest free overdraft up to £1,800. The full details are as follows:
- Interest free overdraft of up to £1,800
- Includes a Visa debit or Electron card
- 0.10% AER credit interest on money in your account (5% for Santander University Account)
- Easy access through Santander’s 700+ branches and cash machine network.
- unlimited online banking - for 24-hour access to your bank account
The Santander Graduate Account
The Santander graduate account is for people who have just left university and to help them on their way with a few special offers including an interest free overdraft up to £2,000. The full details are as follows:
- Interest free overdraft of up to £2,000
- Preferential loan rates at 7.5% AER on loans of up to £10,000
- Includes a Visa debit or Electron card
- 0.10% AER credit interest on money in your account (5% for Santander University Account)
- Easy access through Santander’s 700+ branches and cash machine network.
- unlimited online banking - for 24-hour access to your bank account
These are reasonable accounts and the one big bonus is the fee free overdraft and the high rate of interest on credit balances.