Student bank accounts

If you are at university or likely to start soon the most important feature you should judge to assess which is the best account for you is the amount and length of the interest free overdraft facility.

Spending three or more years at university is becoming more expensive so the most important account feature is the amount you can borrow for free.

Banks are extremely keen to attract students to sign up to their student bank accounts because the majority of students will stick with that bank in their working lives when they become an attractive customer and are earning, on average, a higher salary than most people.

Although the end of your course may seem a long way off another point to consider is how long the interest free period lasts at the end of your course as it is important to try and repay the debt before the bank starts charging interest on the overdraft balance.

Graduate bank accounts are also available to help you at the end of your course and are a method of extending the interest free overdraft period as well as often providing preferential rates on personal loans and credit cards.

	The top five student bank accounts for 2012 With higher tuition fees managing your finances as a student has never been more important. look for the highest interest-free overdraft. Myfinances.co.uk selects the top five.
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	Halifax unveils improved student bank account The Halifax has launched an improved student bank account that guarantees a successful applicant a £1,000 interest-free overdraft, potentially rising to £3,000.
	Santander u-turn on charging for business bank accounts Santander has said that business customers who were promised their accounts would be "free forever" will now not have to pay for their bank accounts.
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