Student Accounts Ready For The New Term

Published: 8/5/2010

Abbey National has announced the introduction of 2 new student bank accounts, one aimed specifically at those from other countries coming to the UK to study.

The international student account that Abbey National has introduced pays interest of 6 percent on credit balances up to GBP500, no charge for the presentation of foreign cheques and an opening balance required of just GBP5.

The other student bank account is aimed squarely at the regular student market, with the key aspect being the overdraft, which steps up each year to a maximum of GBP2000. Credit balances are rewarded with an interest payment of 4 percent per annum and the Abbey National are kindly offering to fund part of the Freshers Ball with a cash payment upon opening the account of GBP50.