NatWest launches student account

NatWest yesterday launched its 2009 student account, offering a free five-year 16-25 Railcard and up to £2,000 interest-free overdraft.

The Railcard, worth £130, provides 1/3 off rail travel for 16-25 year olds, and can also be used for special student discounts at hundreds of high street and online stores.

Overdraft facilities on the account increase the longer a student is at university.

Starting at £1,250 in the first year, the interest-free overdraft increases to £1,400 in the second year, £1,600 in the third year, £1,800 in the fourth year, and £2,000 in the fifth year.

Additional incentives for choosing NatWest as the student bank include a £100 voucher towards selected Asus laptops, and a half price starter pack for 3 Pay-as-you-go mobile broadband.

“The NatWest 2009 student package has evolved in response to what students have told us really matters to them, like the 5-Year 16-25 Railcard worth £130,” said Phil Cook, NatWest’s head of student and graduate banking.

“NatWest also offers genuine student expertise allowing us to give each of our student customers the additional support they may need at this new and exciting time in their lives.”

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