New Term Student Accounts Introduced

With the new term approaching the Abbey National has launched a couple of new student accounts, one of which targets the international student.

The Abbey National international student account has a minimum opening balance of just five pounds, has no charges for any non UK cheques that are presented and even pays interest on credit balances of six percent. This interest is only applicable up to a maximum account balance of five hundred pounds.

The Abbey National is also offering a more traditional student bank account, with a stepped overdraft facility, going to a maximum amount of two thousand pounds. Interest on credit balances is again offered, with a four percent interest rate and, as a short term incentive they are also going to hand over fifty pounds in cash when the student account is opened.