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Abbey Youth Plus 16 - 18 Account Ex/C

Full product details for the Abbey Youth Plus 16 - 18 Account Ex/C current account, including account details, application criteria, facilities, rates, overdraft, fee & charges, incentives, student & graduate incentives and business accounts.

This product is no longer available...

Abbey no longer provide any current accounts. Compare current accounts from other providers, or use the options to the right.

Abbey Youth Plus 16 - 18 Account Ex/C Features & Benefits

Monthly Charge	£0	No monthly servicing charge is made.
Minimum Monthly Credit	£50	Abbey require a monthly credit of £50.00 to qualify for the maximum interest rate. If the account does not receive a credit for a period of 30 days, this may result in withdrawal of facilities eg. withdrawal of the cash card or closure of the account. The account must be used as the customer's primary bank account and the customer's main form of funding, for example salary, student loan, grant, parental contribution or income from part time employment must be credited to it.
Interest Free Overdraft Limit	£0	Overdraft facilities are not available.
Headline Interest Rate	5%	The headline interest rate is 5.00% AER
Reward Payment	£0	No reward payment payable.
Minimum Investment	£1	The minimum investment required to open this account is £1.
Internet Banking	yes	24 hour free internet banking is available.
Branch Banking	yes	This account can be operated through a branch.
Telephone Banking	yes	An automated telephone banking service is available 24 hours a day 365 days a year and calls are charged at a local rate.
Account Promotions	yes	Sweep Facility - To make savings easy the customer can set up their accounts so that, on their chosen date each month, any surplus cash above a certain amount chosen by them,is automatically transferred into an Abbey savings account, for example a Direct Saver. The sweep facility will never make the account overdrawn. The customer can also choose not to use the sweep facility in certain months.

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Excellent site.

Charlotte

Compare Abbey Youth Plus 16 - 18 Account Ex/C With These Current Accounts

First Trust Plus Current Account

£0 moneyback.
Customers get same day interest rate paid on withdrawals from this current account.

HSBC Advance

A cashback of £0 is available from HSBC.
You get global incl USA travel cover area.
You get 69 yrs travel insurance maximum age from Advance.
£0 purchase charge.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 17.9% EAR (variable).

Lloyds TSB Private Banking Mayfair High Interest Cheque Account

0 percent debit card expense worldwide is offered to customers.
9.9 percent average overdraft rate is available to you.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 9.9% EAR (variable).

Barclays Graduate Additions

A 5 initial free overdraft period on switching is available.
£0 mthly overdraft charge is offered with Graduate Additions.
Get £1 minimum withdrawal.
Maximum interest free overdraft of £3,000 is available.
Minimum extra deposit of £0 is available to new customers.
New customers get £0 money back from this Graduate Additions.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).

Barclays Higher Education Account

Customers have the benefit of £0 mthly charge from the Higher Education Account.
You will get £0 monthly overdraft charge.
You get 2 introductory free overdraft period on switching.
This current account gives a debit card expense worldwide of 0 percent.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).

Barclays Student Additions

£0 minimum additional deposit is offered with Student Additions.
The current account gives a £0 cash back.
This current account offers a no broadband.
You have the benefit of £0 standing order set up expense from this Student Additions.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).

RBS Student Royalties Account

This current account gives a £0 mthly charge.
ATM withdrawal charge UK of 0% is available with this current account.
Representative Example: If you use an overdraft limit of £1,200 the interest rate charged will be 0% EAR (variable).

Application Criteria
Existing Customer Only	yes	The customer must have a parent of guardian that holds a primary Abbey bank account.
Minimum Monthly Credit	£50	Abbey require a monthly credit of £50.00 to qualify for the maximum interest rate. If the account does not receive a credit for a period of 30 days, this may result in withdrawal of facilities eg. withdrawal of the cash card or closure of the account. The account must be used as the customer's primary bank account and the customer's main form of funding, for example salary, student loan, grant, parental contribution or income from part time employment must be credited to it.
Minimum Contract Term	0 months	Not applicable.
Minimum Age	16 years	The minimum age for investors is 16 years old. Customers must have a parent or guardian who holds a primary Abbey account.
Maximum Age	18 years	The maximum age for investors is 18 years. When the customer reaches age 18, the account will be upgraded to a standard Abbey Current Account.
Minimum Income	£0	No minimum income required.
Minimum Investment	£1	The minimum investment required to open this account is £1.
Maximum Investment	£2,000,000	The maximum investment allowed on this account is £2000000.
Student Bank Account	no	This is not a student bank account.
Graduate Bank Account	no	This is not a graduate bank account.
Area Restrictions	none	There are no area restrictions.