Do I have to open a graduate bank account?
No, you don’t. If you’re really good with your money and find yourself in credit every month, then good for you. You can take advantage of your thriftiness by comparing great deals on standard current accounts – you may find the interest rates more favourable.
What about a graduate loan?
Do you really need it and if so what for? If you’ve got a great job lined up and you can pay back your monthly instalments as well as fork out for your rent, food and bills then it could give you a kick start such if you need a rental deposit or some new work clothes.
But think carefully, if you’re already facing a mountain of overdraft do you really want to add to your debt? Plus, a graduate loan won’t be the cushy Student Loan type where you don’t have to pay anything back until you start earning a certain amount. Nope – commercial loans are quite a different breed of animal, if you miss a payment you’ll be faced with fines bigger than a crocodile’s bite. Like all predators, approach a graduate loan with caution.
Who should I choose?
This is where we come in, we can’t help comparing stuff (which can be a nightmare in changing rooms) so to make sure you’ve got the best package, have a browse and check out graduate bank accounts on offer today.