You are here: Home - Uncategorized -

Students should seek long-term bank deals

Written by:

Students need to look beyond short-term incentive deals when choosing a bank account, has claimed.

With a new batch of students looking to start University this summer has called for students to weigh up the costs and benefits of interest free limits, overdrafts and credit interest not just incentive schemes when they choose an account.

Michelle Slade, personal finance analyst from said: Only three providers now offer account opening incentives, HSBC, Lloyds TSB and NatWest, with many other offering ongoing benefits in the form of commission free travellers cheques and a variety of discounted shopping deals. The Incentives on offer seem to have moved away from student useful offers such as rail cards (still available at NatWest) to more fashionable gadgets such as web cams and iPods.

But however tempting these goodies may be, it is important that students look at account features such as interest-free overdrafts and unauthorised overdraft rates to choose the account that offers best value for their particular circumstances. The potential savings on these could mean that you could possibly buy one of the advertised freebies and still have cash to spare.


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Job adverts should include pensions info

Details of company pensions schemes should be included within job adverts, according to a new study from AXA.