These are not the things that usually make a student happy. Nevertheless, it is important to pay careful attention to this, as high savings rates can be very interesting for the future. Almost every bank does have a student package, yet the differences between the various banks can be called great.
Often attempts are made to lure the student with gifts such as an MP3 player or a couch that you can blow up, of course these are very nice gadgets but when banking other things are much more important.
For example, a student will not want to pay too much and get a good interest on his hard-earned savings. High interest rates and low costs are therefore many times more important than a nice gadget that you often no longer have to worry about within a few days.
Students also often have a credit card and it is also important that the costs remain manageable. In a number of cases it is therefore more attractive for students to look further than the student package and to see which bank and which account (s) are best suited to their personal situation.
Closing an account is quick, but you rarely change banks, so make a well-considered choice for all your money matters.
Level of savings interest on student account
If, during your student life, you have built up a nice savings penny and have also obtained a good savings interest then you can start your social career well after your life as a student. The choice of the bank during your student life is therefore of great importance.
Besides the interest on savings, the costs are also something to pay attention to. You will probably be in the red and it is good to know what the associated costs will be like the monthly costs that you will pay for the use of the bills.
So don’t be guided by promotional stunts or offers with which you only pay less in the first month, read the conditions carefully and, based on that, choose the right bank. After all, it is much better to save tens of USD every month than to receive an MP3 player once.
With an attractive savings interest rate you can also see savings growing and that is a good prospect for every student when the social career is started.