Halifax has created a new option for students looking for an account for their banking.
The new account offers an interest-free overdraft of up to £2100 and a rate of two per cent on credit balances.
Various discounts are also available through the account, including ten per cent off travel insurance and a 25 per cent discount on AA breakdown cover.
Other services are also available as part of the account, which offers online banking and telephone banking, including the option to order statements over the internet.
Peter Jackson, head of banking and savings at Halifax, said: "With the end of the student grant, the introduction of tuition fees and ever increasing living expenses being a student has never been more expensive."
He adds that these increased interest-free overdrafts could mean a significant saving over a three-year course of study which he believes is better value than a "record token or other gimmicks".
Halifax also offers a wide range of credit cards which may be of interest to students, including 0% credit cards and balance transfer cards.
Halifax launches new banking option for students
Halifax launches new banking option for students
Mon, 26 Jun 2006
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