• Student Bank Account

    For Student Accounts opened from 1 August 2014.

    New town. New digs. New mates. New bank account. Because student life is for living, our Student Bank Account has everything you could need for college or university. 

    Receive 5% AER/4.89% gross variable interest on balances up to £500. *  
    Read our savvy guide for tips on budgeting and saving money whilst studying.

    Read reviews
  • Why choose the Student Bank Account?

    • * Receive 5% AER /4.89% gross variable interest on balances up to £500, paid on the second working day of each month
    • Interest and fee-free Planned Overdraft of up to £1,500 (subject to application and approval). Repayable on demand**
    • Free £10 overdraft buffer
    • To help spread the cost of large outgoings, such as new books, you can apply for a Student Credit Card
    • Apple Pay is available with this account.

    Find out more about Apple Pay.


    ** Overdrafts are available subject to status and lending criteria and are repayable on demand.

    To have a Student Account you must be 17 or over, have been a resident in the UK for at least three years and be studying for a full time course that lasts for a minimum of two years or be on a one year access course leading onto a full time degree.

    If you haven't been living in the UK for at least 3 years, for example if you are an International Student, see our other bank accounts.

  • Rates and charges

    It's important that you understand how your account works.

    We've added information below about our interest rates and you can find all the documents relevant to this account in the Important Documents section.

    Student Overdraft Interest Rates

    Student Account % Per Month % EAR*
    £0 - £1,500 0.00
    0.00
    £1,500+ 0.66
    8.21

    These interest rates are correct as at 01/08/2014. Interest rates are variable.

    Representative Example

    If you use a planned overdraft of £1,600 on our Student Account the overdraft interest rate we charge on the first £1,500 will be 0% EAR* variable. The overdraft interest rate on the next £100 will be 8.21% EAR* variable and a Monthly Overdraft Usage Fee of £6 will apply.  Please note, the Monthly Overdraft Usage Fee would not apply if you borrow less than £1,500.

    *EAR is the Equivalent Annual Rate. This is the actual annual rate of an overdraft. It doesn't take into account other fees and charges.

    View previous rates

  • Your TSB Visa Debit Card is an amazing piece of plastic. Accepted in millions of places and cash machines worldwide, it's incredibly convenient. It's just as safe to use abroad as at home, so it's a simple alternative to carrying cash.

    More about the Visa Debit Card

    In your first year of your studies you can apply for an interest and fee free Planned Overdraft of up to £1,500 (subject to application and approval). Starting with £500 for the first six months. You can then apply to increase it to £1,000 in months seven to nine and from month ten up to £1,500 - helping you to manage your spending over your first year.

    Full details about planned and unplanned overdrafts and charges

    We have two helpful buffers on our current accounts, £10 on a Planned Overdraft and £10 on an Unplanned Overdraft. So your payments can still be made even when you're a little short on money. Here's how they work:

    • If you have a Planned Overdraft and you borrow £10 or less, you won't be charged fees or interest on the Planned Overdraft. But if you borrow more than £10 over any interest and fee-free amount, you will be charged Planned Overdraft fees and interest on the whole amount including the Planned Overdraft buffer.
    • If you have an Unplanned Overdraft of £10 or less, you won't be charged fees on the amount you've borrowed. But, you will be charged interest on any amount you borrow using an Unplanned Overdraft, including the £10 buffer. If you borrow more than the £10 Unplanned buffer, you will be charged both Unplanned Overdraft fees and interest on the full amount, including the buffer.

    Overdrafts are subject to application  and approval and are repayable on demand.

    If your Account goes over its limit, our Grace Period means that you have until 3.30pm (UK Time) to pay in enough money to avoid any Overdraft fees you may incur that day.

    To help you balance your finances you can apply for a TSB Student Credit Card with a minimum limit of £500 Representative 19.9% APR variable (subject to status and being 18 years or over). You'll get up to 56 days interest free on purchases if you pay off the balance in full every month by the payment date shown on your statement.

    TSB Student Credit Card

    View summary box containing rates and charges and an illustrative example (PDF, 94KB)

    For tips on how to manage your money see our Savvy Student guides which include useful advice and guidance about how to manage your money whilst at university and beyond.

    Read the guides today

  • Account Opening is subject to our assessment of your circumstances.  You must be 17 or over and a UK resident to apply.  Interest paid monthly.

    Overdrafts are subject to application and approval and are repayable on demand.

    *AER stands for Annual Equivalent Rate and tells you what the interest rate would be if it was paid as only one payment, once each year.  Gross rate is the agreed rate of interest payable to you before the income tax is deducted at the rate specified by the law.     

    Money Planner is provided to help you manage your personal finances and is not intended to provide legal, tax or financial advice. You must be registered for Internet Banking. Terms and conditions apply.

    Text alerts are free but your mobile operator may charge for some services. Please check with them.

    We don’t charge for your use of Mobile Banking but your mobile operator may charge for some services, please check with them. Mobile Banking is available on most internet enabled mobile devices. Services may be affected by phone signal and functionality. You must be registered for Internet Banking. Terms and conditions apply.

    Save the Change® is a registered trademark and is used under licence by TSB Bank plc.

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