Student Accounts 2014 – how the banks compare

BankMax interest free overdraft
Year 1
Max interest free overdraft
Year 2
Max interest free overdraft
Year 3
Max interest free overdraft
Year 4
Max interest free overdraft
Year 5
Cost of additional borrowing on top of interest free limitCredit InterestIncentives offered
Santander£1500£1500£1500£1800£2000N/A1% if £100+
2% if £200+
3% if £300+ (max £2k)
Free 4 year 16-25 Railcard
Halifax£3000£3000£3000£3000£3000N/A0.10%None
NatWest/RBS£2000 (max £500 first term)£2000£2000£2000£2000N/ANilTaste card membership 2 for 1 meals or 50% off food
HSBC£3000£3000£3000£3000£3000N/A2.00% on first £1000 in year 1£60 Amazon Gift certificate plus £70 off a Kindle Fire HDX
Lloyds BankMonths 1-6 up to £500, months 7-9 up to £1000, month 10 onwards £1500£1500£1500£2000£20008.2% AERNilNUS extra card for 3 years
TSBMonths 1-6 up to £500, months 7-9 up to £1000, month 10 onwards £1500£1500£1500£1500£15008.2% AER5.00% on balances up to £500None
Barclays£3000£3000£3000£3000£3000£1 per day for overdrafts over £2000Nil10% discount on Student Possessions Insurance taken out before 28 Oct 2014
Co-operative Bank£1400£1700£20009.9% EARNilNone

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