Royal Bank of Scotland Graduate Royalties account

Students who graduate this year and head into the world of employment, are being offered a helping hand with their graduate finances with the Royal Bank of Scotland Graduate Royalties account.

Graduate Royalties is a specially tailored account aimed at supporting graduates during their first three years at work. The account offers a three year interest-free stepped overdraft facility of up to £2,000 or the option of an interest-free loan of up to £2,000, to ease the financial strain of post-student life.

In addition, the account offers a full range of financial and lifestyle benefits with the convenience and flexibility of instant access at 643 Royal Bank branches nationwide, a group network of 6,448 cash machines and 24 hour digital and telephone banking.

Katie Cassidy, Marketing Manager of RBS Graduate Banking said: “Our Graduate Royalties account has really useful benefits and graduates can start using the discounts on offer as soon as their account is open. Many graduates feel under financial pressure after leaving university, so to help in easing that pressure, we have a great team of advisers on hand in our branches. They can talk to graduates about any concerns they may have with the financial transition from studying to finding employment.”

The Royal Bank Graduate Royalties account offers:

Interest free overdraft of £2,000 until June of the third year after graduation as detailed:
Year 1 up to £2,000 interest free
Year 2 up to £1,500 interest free
Year 3 up to £1,000 interest free

Interest free loan of up to £2,000 (as per annual interest free limits above) to repay an existing graduate overdraft over three years (graduates may apply for the loan until June of the 2nd year following graduation and full repayment must be made by the end of the third year after graduation)

Graduate Loans for up to £15,000 at preferential rates (graduates may apply until June of the third year after graduation)

Deferred payments of up to 12 months

0.25% interest rate bonus on Instant Access Savings account

Fee free credit card

Payment Card Protection

Special deals on mortgages

Travel

10% off selected holidays and travel
Commission free travel money
Fee Free American Express Travellers Cheque Card

Entertainment

25% off dining discount at over 450 UK restaurants when booked online
25% off selected theatre and concert tickets in mainland UK
Discounts on selected DVD’s, videos, computer games and CD’s
20% discount on over one million books

Insurance

10% discount on car insurance
15% introductory discount on home insurance

For further information on the RBS Graduate Royalties account or for top tips on how to manage your finances, visit any branch of the Royal Bank of Scotland or visit rbs.co.uk.