From 24 September 2018, we will be reducing the credit interest you can earn on your Under 19s Account. The current interest rate of 1.50% AER/1.49% Gross variable, payable on balances between £1 and £2,499.99, will reduce to 0.50% AER/0.50% Gross variable.
In your second year, if you use a Planned Overdraft of £1,200 on your Student Account, then we’ll charge you a daily overdraft fee of £0.
We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.
To find out more you can read the statement of responsibilities, which details whats expected of us, the lender and you the borrower.