Bank Accounts

Abbey
Abbey Reward International
-Preferred Student Graduate Basic
-Preferred In- Bank 11-15 Account 16-18 Account Student
Overdraft Account Account Account
Credit Rate Account Account
Rate
In credit 6.00%
interest rate AER
AER(see note 1 (fixed) on
below) balances up
to £2,500
2% AER
6.00% AER for first 12
0.5% AER (variable)
(fixed) months, 3% AER 3% AER
(variable) on on balances
on balances up then 1% (variable) on (variable) on 3% AER
balances up to up to £500
to £2,500 for first AER balances up to balances up to (variable) on 0.5% AER
£2,500 0.1% (5% for 0%
12 months, then (variable) £500 (5% for £500. (% for balances up to (variable)
AER (variable) Santander
0.1% AER on balances Youth Plus Youth Plus £500
on balances Universities
(variable) on up to Account) Account)
over £2,500 Student
balances above £2,500.
Account)
0.1% AER
(variable)
on balances
above
£2,500
Minimum £1,000 £1,000 £1,000 One credit of £50 None £50 None None
amount paid in any amount
each Month
(see note 3
below)
Overdraft rate Three
Typical 12.9% 12.9% 0% up to years 0%
19.9% (variable) X X X X
EAR(see note 2 (variable) (variable) £1,800 up to
below) £2,000
Online
√ √ √ √ √ √ √ √ √
Banking
Telephone
√ √ √ √ √ √ √ √ √
Banking
Visa debit
Card type Visa debit Visa debit Visa debit Visa Electron Visa Electron (no cheque Visa Electron Visa debit Cash card
guarantee)
Chequebook √ √ √ X √ √ √ √ X
Monthly fee
X X £10 X X X £5 X X
for account

Note 1 AER stands for Annual Equivalent Rate and shows what the interest would be if we paid interest and added it each year. The gross rate is
the rate paid before income tax is taken. Rates may change and we pay interest each month.
Note 2 EAR stands for Effective Annual rate and represents the yearly cost of an overdraft, which takes into account how often interest is
charged to the account and does not include any other fees or charges.
Note 3 If you do not meet the credit requirements the in-credit interest rate will be 0.1% gross/AER
Note 4 If you do not meet the credit requirements the overdraft interest rate will be 19.9% EAR (variable)