UK Money News
23rd July 2008
Bank of Scotland launches new Student Current Account
Bank of Scotland has unveiled a new student account which it claims is the market-leading product in its class.
Among the key features of the Student Current Account is an interest-free overdraft of up to £3,000 for up to five years while the holder is a student and one year after graduating.
This is £250 above its nearest rival account from Royal Bank of Scotland.
Holders also benefit from interest of two per cent on in-credit balances as well as the chance to manage their banking online.
Mike Regnier, head of banking at Bank of Scotland, said: "Our account offers real long-term value. By choosing a Bank of Scotland Student Account, students with an overdraft could make a real saving.
"Unlike some other banks we also reward students who use their account in credit - paying them two per cent gross interest."
Other selling points of the Student Current Account include 25 per cent off AA membership for a year and a 20 per cent discount on card care insurance.
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