Bank Max interest free overdraft
Year 1Max interest free overdraft
Year 2Max interest free overdraft
Year 3Max interest free overdraft
Year 4Max interest free overdraft
Year 5Cost of additional borrowing on top of interest free limit Credit Interest Incentives offered
Santander £1500 £1500 £1500 £1800 £2000 N/A 1% if £100+
2% if £200+
3% if £300+ (max £2k)Free 4 year 16-25 Railcard
Halifax £3000 £3000 £3000 £3000 £3000 Over £3k interest at 7.2% EAR 0.10% None
NatWest/RBS £2000 (max £500 first term) £2000 £2000 £2000 £2000 N/A Nil National Express Young Persons Coach Card - third off fares for 4 years
HSBC £3000 £3000 £3000 £3000 £3000 N/A 2.00% on first £1000 in year 1 £60 Amazon Gift certificate plus £70 off a Kindle Fire HDX
Lloyds Bank Months 1-6 up to £500, months 7-9 up to £1000, month 10 onwards £1500 £1500 £1500 £2000 £2000 8.2% AER and £6 monthly usage fee Nil NUS extra card for 3 years
TSB Months 1-6 up to £500, months 7-9 up to £1000, month 10 onwards £1500 £1500 £1500 £1500 £1500 8.2% AER 5.00% on balances up to £500 None
Barclays £1500 £2000 £2000 £2000 £2000 Over £1000 = 50p per day and £1 per day for overdrafts over £2000 Nil Barclays Blue rewards £7 monthly loyalty reward - subject to conditions.
SmartSpend offers and cashback
LifeSkills -modules including CV writing skills
Co-operative Bank £1400 £1700 £2000 9.9% EAR Nil None
- Moneycomms research reveals that only 26 of the top 50 instant access savings accounts are ‘clean’ and don’t have penalties or restrictions - February 23, 2021
- A Guide to Credit Card Balance Transfers - January 21, 2021
- Where next for NS&I customers? - October 23, 2020
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