Best Accounts and Budgeting for Students

Numken

I'm going into first year and am planning my student account. I was planning on getting a santander account for the 3% interest and user high ratings.

I will be getting some money from scholarships, enough to cap the interest amount, so I was wondering if there is a way to open a similar second account that I could put the interest into and gain more interest atop of.

Also general advice on accounts and budgeting would be appreciated, anything you think might be useful to a first year uni student with no real financial experience.

Thanks!

xylophone

Set up a budget planning spreadsheet.


https://www.moneysavingexpert.com/students/student-budgeting-planner/

You are over 18 so the Marcus savings account could be a possibility for your spare money.

https://www.marcus.co.uk/uk/en/savings

If you are near a Virgin Store and wish to save regularly, you might try the branch regular saver - you have to open in store but thereafter you can use a standing order.

If you have a long term aim to buy a property and will have some spare cash to save, consider a LISA.

https://www.moneyboxapp.com/cash-lifetime-isa/