A lender has unveiled its new student account
People heading to university in the near future may wish to consider the possibility of signing up for a
Lloyds TSB current account after the lender unveiled its 2011
student accounts product.
From August 18th 2011, both new and existing customers with the lender who are scholars will be able to take out the new
bank account offering, which has been designed specifically to help individuals take greater control of their finances.
The
current account includes provisions such as a fee-free overdraft of £1,500 in the first three years of study, as well as the firm's online Money Manager service, which helps people to analyse their spending patterns with a view to improving financial habits.
Jatin Patel, director of personal current accounts at Lloyds TSB, observed: "Our student account is packed with features that will really help students to both manage their money and make it go further."
This comes shortly after Barclays revealed its 2011-12 student offering, which includes features such as an interest-free overdraft of up to £2,000.
By Kate Guthrie