NatWest and HSBC student accounts praised

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NatWest and HSBC student accounts praised

Current accounts offered to students by NatWest and HSBC have been singled out for praise by a leading price comparison site.

According to moneysupermarket.com, both banks offer "a good all-rounder" for students with an interest-free overdraft of up to £2,000 and low EARs on unauthorised overdrafts.

Commenting on accounts across the market, Kevin Mountford, head of current accounts at the website, urged students to look beyond introductory deals offered by banks.

"Many students depend on their overdraft, so it's best to look for an account that will offer an interest-free overdraft or at least one with a competitive long term offer to try and avoid incurring costly unauthorised overdraft charges," he said.

Among the benefits offered by NatWest's account are a free five-year young persons railcard, while HSBC provides specialist university branches.

Meanwhile, for those young people opting not to stay on for further education, Alliance & Leicester is offering its Premier 21 account.

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