Halifax maintains student current account deal

Halifax has announced its intention to keep its specialist student current account deal on offer for 2010-11.

Any future student with a Halifax bank account might be interested to note that the lender has announced that the benefits found in its specialist student accounts are to remain in place for the 2010-11 academic year.

Prior to heading off to university, most students will seek to compare savings on their personal finance situation in order to ensure that they are receiving the best possible rates and benefits from their bank account at a time when times are likely to become tough financially.

Therefore, the Halifax Student Current Account - which has an interest-free overdraft facility of up to £3,000 for up to five years of studying as well as an additional 12 months after graduation - may appeal.

Other terms of the deal include commission-free foreign currency as well as 25 per cent off AA breakdown car cover.

Meanwhile, Lloyds TSB has also recently sought to attract the new wave of students heading to university next month by altering its student account product.

By Kate Guthrie