|
The Royal Bank of Scotland (RBS) is offering new graduates a specifically-tailored bank account.
The Graduate Royalties account is aimed at supporting graduates during their first three years of employment.
To help deal with remaining university debts, the account offers a three-year, interest-free stepped overdraft facility of up to £2,000. Graduates can also opt for an interest-free loan of up to £2,000 instead.
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 customised account also offers graduates benefits including a fee free credit card, special deals on mortgages and discounts on certain holidays, travel, car and home insurance.
Competition between banks to secure graduate custom is higher than ever and many are prepared to lend graduates several thousand pounds relatively soon after leaving university.
Chris Tapp, associate director of Credit Action, recently warned that students have got more used to spending on credit and should keep a close eye on their finances.
He said: "The average student now leaves university £13,000 in debt.
"Students have to make sure that they're aware of how different types of credit work and how much they cost."
|