Annual Equivalent Rate (AER)
5.00% AER
Monthly Fee
£0
Welcome Bonus
N/A
Apply Now →on TSB's website
Transaction limit:Standard daily transactions
Minimum Deposit:£0
Annual Equivalent Rate (AER):
5.00% AER
Welcome Bonus: N/A
Monthly Fee:
£0
Minimum Deposit:
£0
Transaction Limits:
Standard daily transactions
A key differentiator for the TSB Student Account is its attractive interest rate of 5% AER on balances up to £500, which is beneficial for students looking to earn on their deposits. The account's lack of monthly fees further enhances its appeal, making it a solid option for student banking.
Pros:
- 5% AER on balances up to £500
- No monthly fee
Cons:
- Limited to £1,500 overdraft
Overall, the TSB Student Account is an excellent choice for students seeking a fee-free banking option that offers a competitive interest rate on smaller balances, making it ideal for those looking to maximize their savings while managing everyday expenses.