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HSBC launches Early Bird student bank account

Thu, 16 Apr 2009

Banking giant HSBC has announced the launch of a new student bank account available for 17-year-olds, which has additional features once the customer gains a place at university .

The Early Bird Student bank account provides internet banking, debit card, standing order facility and access to student advisers at on-campus branches for 17-year-old account holders.

When the customer turns 18, and has a confirmed place at university, they have access to a £2,000 interest-free overdraft and a variable credit interest on the first £1,000 in the account during the first year of higher education .

Lucy Payne, HSBC's youth manager, said: "Getting ready for uni generally means running around to get everything ready and sorted before they start. Now with HSBC's Early Bird Student Bank Account, that's one less thing they'll have to worry about."

Recent research by Alliance and Leicester showed that bank account holders could maximise their savings by switching account providers .
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