Graduate account switching???

NurseMoneySaver1122

Hi guys

I graduated in Nov 09 with £1500.00 overdraft and was transferred to a HSBC graduate account. Like most grad accounts, their account offered a 0% overdraft which reduces over time.

Since graduating, I have managed to reduce my overdraft to £400. However, from the 31st July I will start paying interest on my overdraft. I know it may not seem a lot of money, but I am currently looking for work after a horrendous 1st year of Nursing, so I really want to avoid my debt getting bigger.

I've seen a number of offers 100 times better than what I had, eg, Lloyds 0% overdraft: Year 1 - £2000. Year 2 - £1500. Year 3 - £1000.

My question is, is it even worth considering applying for a different bank account when I'm unemployed and not receiving benefits (live with parents & don't want to be another bad statistic!)? I've never switched accounts since I first ever opened one.

Is my unemployment status likely to hinder my application for another graduate bank account?

NurseMoneySaver1122

Meant to add..

Thanks to anyone who can advise

ShAnE

I'm sure somebody will correct me if i'm wrong.
But I believe you can only have one graduate bank account open at any one time.

I also don't think you'd be very successfully in opening a new one as you graduated 2 years ago, and most only allow the additional year or two after you've graduated before chucking on interest.