antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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Why do banks have so many flipping rules and T&C's around them!
1st choice is Santander, but as my main account is with them (which I want to keep open), I have to close it to open the student account
2nd choice is Barcaays, but you need to have a current account with them already to get the student account!
 All I want the account for is big, interest free overdraft!
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stuartmitchell
Member
Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
User status: Offline
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RBS have a cracking stoodent account mate. £1400 int free overdraft. I've still got mine and I graduated 4 years ago 
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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Just checked them and it goes up in stages now, max of 1k in first year 
I want the overdraft in one lump to invest, but also as a fall back if something fucks up on the car (ie turbo or clutch!)
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John
Member
Registered: 30th Jun 03
User status: Offline
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Invest in what?
Unless it's high risk you won't be making any money.
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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ISA's, I've got a bit of savings to put in an ISA, will earn a few hundred quid over the year, which can go towards car insurance
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John
Member
Registered: 30th Jun 03
User status: Offline
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Are you sure an ISA will earn a few hundred quid in a year and not about a fiver?
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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quote:
Originally posted by John
Are you sure an ISA will earn a few hundred quid in a year and not about a fiver?
ISA rate is only 2.5% so unless its a whopping sum of money you really wont be earning much from it at all. Not enough to negate any unexpected overdraft costs anyway...
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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£3600 (the max you can put in an ISA in a tax year) at 2.5% (that's generous by the way) will earn you £79.20.
Hardly worth moving a shit load of money for and ending up in the red over.
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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It's gone up to 5200 now POW, I had a quick look around and I'm sure I found one with more than 3%
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Pete_vxl
Member
Registered: 24th Nov 06
Location: Lochgelly, Fife
User status: Offline
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Halifax, you can get upto 3k interest free ovd but only when your in your third year, can get about £1200 first year but it all depends on account conduct and how you fund it, minimum £400 per quarter. You also get a year after graduation to pay it off interest free.
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Fro
Member
Registered: 20th Jun 06
Location: Rainham, Essex Drives: A3 2.0TDi Sport
User status: Offline
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quote:
Originally posted by antnee
It's gone up to 5200 now POW, I had a quick look around and I'm sure I found one with more than 3%
It has indeed gone up 
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