Want to be financially wise when it comes to your personal banking?
Check out our Savvy Banking Tips below and you'll never fall short again:
Shop Securely
Never give out your account or debit card details online unless you're 100% sure the website is secure. Using a card to pay for purchases online can put you at risk of card fraud. Remember that you should never be asked to enter your PIN number or online banking ID/ password when making an online purchase. If a website is asking you for these details then do not proceed with the purchase.
Look for an 'https' in the URL address & a padlock icon (the 's' stands for 'secure').
Use recommended sites, and try not to shop using public Wifi as it is difficult to guarantee the security of an open network. For more info visit the BBC's
'How to shop safely & securely online' page.
Never give out your account or debit card details online unless you're 100% sure the website is secure. Using a card to pay for purchases online can put you at risk of card fraud. Remember that you should never be asked to enter your PIN number or online banking ID/ password when making an online purchase. If a website is asking you for these details then do not proceed with the purchase.
Look for an 'https' in the URL address & a padlock icon (the 's' stands for 'secure').
Use recommended sites, and try not to shop using public Wifi as it is difficult to guarantee the security of an open network. For more info visit the BBC's
'How to shop safely & securely online' page.
Savings Accounts
Want some free cash? If you're a savvy saver then consider putting away some of your savings into a savings account.
Not only is it a great idea to have some rainy day savings, you'll also benefit from decent interest rates. Gone are the days when earning decent interest meant locking away your money in a bond or ISA for a fixed term - many banks now offer current accounts where you can earn interest simply by paying your bills and direct debits monthly.
The main principle of a savings account is that it should be separate from your usual account - that way you're not tempted to dip into it on a daily basis. A savings account can be a brilliant budgeting tool as it allows you to separate your cash, and could even come in handy as an emergency fund if your student loan is delayed.
Depending on how good you are at budgeting and managing your money you may wish to have your student loan paid into a savings account, and drip feed yourself a weekly amount via direct debit.
You can compare the best savings account interest rates on most price comparison websites. Give it a go now, and read these useful guides to see which account is best for you:
This is Money: 'How and why a savings account can make EVERY student richer'
Save the Student: 'Best Student Savings Accounts'
Want some free cash? If you're a savvy saver then consider putting away some of your savings into a savings account.
Not only is it a great idea to have some rainy day savings, you'll also benefit from decent interest rates. Gone are the days when earning decent interest meant locking away your money in a bond or ISA for a fixed term - many banks now offer current accounts where you can earn interest simply by paying your bills and direct debits monthly.
The main principle of a savings account is that it should be separate from your usual account - that way you're not tempted to dip into it on a daily basis. A savings account can be a brilliant budgeting tool as it allows you to separate your cash, and could even come in handy as an emergency fund if your student loan is delayed.
Depending on how good you are at budgeting and managing your money you may wish to have your student loan paid into a savings account, and drip feed yourself a weekly amount via direct debit.
You can compare the best savings account interest rates on most price comparison websites. Give it a go now, and read these useful guides to see which account is best for you:
This is Money: 'How and why a savings account can make EVERY student richer'
Save the Student: 'Best Student Savings Accounts'
By now you must be banking like a pro and ready for the next challenge - the Bank Statement Challenge! Click 'Next' to help our guy Tony out of his financial fix:
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