Santander Student Current Account offers competitive rates

Santander is offering a fantastic Student Current Account to university students starting - or returning to - higher education this autumn. Understanding how important it is for students to be able to manage their finances during their time at university, the Santander Student Current Account offers some great additional benefits along with highly competitive rates.

The Santander Student Account offers an interest-free overdraft of up to £2,000, with £1,000 interest-free in the first year which increases each year after that. It also pays an in-credit interest of 2 per cent on balances of up to £500, one of the best in-credit interest rates currently in the market. This provides additional support to students during the times when they have money coming in and are in credit.

The account also offers free mobile phone, gadget and laptop insurance which are available for up to three years and worth over £240 a year. All students need to do to keep these great benefits is credit their account with at least £500 each term. The Santander Student Account is also being supported with a competition through Facebook where £50 is being given away every hour for a month.

Commenting, Helen Bierton, Head of Santander Current Accounts, said: "Santander's Student Current Account is designed to offer students the support they need from their bank throughout their time at university. Offering an interest-free overdraft of up to £2,000, free mobile, gadget and laptop cover, and one of the best in-credit interest rates in the market, demonstrates how committed we are to helping students manage their finances as effectively as possible."

Students can find out more, and have the chance to win £50 every hour, by visiting facebook.com/santander which has been launched to support the new Santander student offering.  The draw, which has been running since August and runs until 22 September 2010, has already announced over 270 winners, accounting for £13,000 of the total £36,000 prize fund - so there are still plenty of opportunities to win.

For more information on Santander Student Current Account, log on to santander.co.uk, or visit your local Santander or Alliance & Leicester branch. For details of the £50 prize draw visit facebook.com/santander or youtube.com/santanderstudents.