Bank advice for a student

sco77harris

Hi guys

I am a student going into my second year, i have 3 bank accounts all with lloyds, a stundent account with 500 overdraft, a online saver, and a fixed 8% saver that is to end this month after two years.

I am looking to move, or open a new account or accounts.... which will give me the most benefits.

in terms of possibly a fixed term saver, or just a normal bank account such as the icelandic one on offer at moment.

as well as this i wish to know what options i have with my student accout.

any help will be much appreciated as i am a little out of my depth in terms of the rules and regulations with the setting up of many accounts.

kind regards

scott harris

debbie42

Hi,

Why are you planning a move from Lloyds, and what are you looking to get from a new bank?

I've opened (savings) accounts with IceSave and Kaupthing edge and they were very straightforwards.

Wilsonio

first thing you can do scott is increase your overdraft to £1,000 interest free, Even if you dont need this you can still increase it, take out the extra £500 and put it in a savings account to gain a bit of interest on

sco77harris

i am looking at the perspective of incentives for transfering bank accounts.

and the fact one student account has a 3000 pound overdraft but going into my second year i do not know if i am eligable for this.

also i have enough to invest in a good fixed saving or several accounts which offer start up incentives etc