Student Accounts 2014 – how the banks compare

BankMax interest free overdraft
Year 1
Max interest free overdraft
Year 2 & 3
Max interest free overdraft
Year 4 & 5
Cost of additional borrowing on top of interest free limitCredit Interest
Paid
Incentives
offered
Santander£1500£1500£1800 Yr 4
£2000 Yr 5
N/A1% if £100+
2% if £200+
3% if £300+ (max £2k)
Free 4 year 16-25 Railcard
Halifax£1500£1500£15001p per £6 borrowed per day0.10%None
NatWest/RBS£2000 (max £500 first term)£2000£2000N/ANilChoose one of:
Taste card
Amazon Prime Student
or
National Express coachcard
HSBC£1000£2000 Yr 2
£3000 Yr 3
£3000N/ANil£100 cash payment
12 months British Cycling fan membership
Lloyds BankMonths 1-6 up to £500, months 7-9 up to £1000, month 10 onwards £1500£1500£20001p per £6 borrowed per dayNilTOTUM (NUS extra card) for 3 years
TSBMonths 1-6 up to £500, months 7-9 up to £1000, month 10 onwards £1500£1500£15008.2% AER5.00% on balances up to £500None
Barclays£3000£3000£3000£1 per day for overdrafts over £2000NilNone
Nationwide Building Society£1000£2000 Yr 2
£3000 Yr 3
£3000None1% up to max balance of £1,000Free cash withdrawals abroad

Simply Rewards cashback from specific retailers

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