NatWest launches 2007 graduate bank account
NatWest bank is launching a new graduate bank account package today for students who have graduated from university within the last three years.
The free package spans six years and includes an interest-free overdraft for three years after graduation that halves each year from £2,000 in the first year to £500 by the third year.
The graduate bank account also offers the option of a three-year interest-free loan if the overdraft is paid off immediately after graduating.
Graduate bank account customers are also offered a specific graduate loan rate currently at 7.9 per cent typical APR for between £1,000 and £15,000, with a four-month repayment holiday option.
New graduates planning to travel also have the option of a NatWest graduate loan where repayment can be deferred for up to 12 months, if full-time employment is secured on their return.
"Graduates face a number of pressures when they leave university, not least trying to find a job, so worrying about paying back student debt should not be an additional burden," commented Mark Worthington, head of NatWest student and graduate banking.
"With graduation comes a new type of extra expense such as relocation, rent and a new work wardrobe, so the NatWest graduate package is designed to support graduates as they make the transition between student and working life, whilst maintaining control of their finances."
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