Your FlexStudent rates and terms explained

AER stands for 'annual equivalent rate' and illustrates what the interest rate would be if interest were paid and compounded each year.

Gross p.a. is the interest rate without tax deducted.

We don't charge you any fees on FlexStudent, but for a full list of all our current interest rates and other fees and charges please download our latest interest rates and charges leaflet (This link will open in a new window) and Fee Information Document.

In each year of study you must pay in at least £500 per term from the date the account is opened.

If you don't, we may:

• remove or decline to increase your overdraft; or
• close your FlexStudent account by giving you at least two months' notice.

Take a look at the FlexStudent account Terms and Conditions and our current account Terms and Conditions.

All rates and fees are subject to change. If we make a change to them we'll notify you two months in advance if the change is to your disadvantage. If the change is to your advantage we may make it immediately.

On the last day of each month we calculate the interest you've earned each day of that month and then pay you this interest on the 1st day of the next month. We pay interest without tax deducted.

For more information, please visit the current account support pages.