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Student Account Holders Listen Up!! -  RBS Royal Bank Of Scotland Bank
RBS Royal Bank Of Scotland 

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Student Account Holders Listen Up!! (RBS Royal Bank Of Scotland)

steveny

Member Name: steveny

Product:

RBS Royal Bank Of Scotland

Date: 19/10/01 (157 review reads)
Rating:

Advantages: Money for Nothing, Little risk, guaranteed

Disadvantages: Long term

Here is a piece of information that might be useful to any student who has a student account and wants to make a little bit of money from nothing. As the student account offer up to £1250 interest free overdraft in the first year you have all that money available free of charge lying in your account. If your fortunate enough to have sufficient income not ot need your overdraft here's a tip of how you can make money.

Take out as much of your overdraft as you are confident you won't need and then place it in a high interest account or even invest it in some safe venturre which will ensure you at least get your money back and at the end of the year or even the years you have your student account take out the investment pay back the initial amount owed to the bank and "hey-presto" you've just earned some money for nothing!! It may not be alot probably only £100 or so but come on at the ened of the year a £100 would get you some nice clothes or a few cds for something that would have just sat in your account doing nothing anyway? Only one tip dson't open the account with the Royal as well as they might catch you out!!

Good luck to you students and make lots of money! We need all the financial help we can get!!!

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(8 members total)

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Overall rating: Useful

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Last comments:
paule23

- 19/10/01

A handy hint on how to make the most of your free overdraft but I'm afraid I've only rated this SU as it's hardly packed with info about the Royal Bank!
T-Boy67

- 19/10/01

I did the same thing with a credit card company that offered upto £2000 cash interest free for 6 months. So I took out the card banked the cash in high interest and then paid it all off 6 months later and got myself some free money. Haha.
millergirl

- 19/10/01

Good idea if you can do it :o)

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