Lloyds TSB Launches Student Hub To Support Cash Strapped Undergraduates
on: September 1, 2009, 6:41 am
Author: Lloyds TSB
TSB Student Banking has launched its savvy student hub, an online
resource giving undergraduates the tools they need to help manage
their money effectively throughout their degree course.
hub has been launched in response to student concerns about their
finances. As part of its annual research* among more than 1000
17-25 year olds who hope to start a degree course in the autumn,
Lloyds TSB found that three quarters of would-be freshers think
that money management is especially important in the current economic
despite increased concern, one in ten of those who hope to start
university in 2009 admits that their understanding of all things
financial is below, or well below, average.
Savvy Student hub aims to tackle money concerns head on, offering
visitors a wide range of resources at their fingertips, including
student living tips, and a discount detector which helps students
locate retailers in their area who will offer them discounts on
goods or services with the NUS Extra card, one of the benefits
of the 2009 Student account.
McGrath, director of current
accounts at Lloyds TSB, comments: "Students-to-be are
telling us that they are concerned about managing their finances
during their degree course and that, in the current environment,
money management is more important to them than ever before.
want to do everything we can to support young people manage their
finances responsibly but also have fun and enjoy their studies.
We hope the hub will show them that it is possible to study on
a budget, and also that they’re not alone in being concerned
about looking after their pennies during their degree course."
addition to launching the Savvy Student hub, Lloyds TSB Student
Banking will be visiting a number of towns across the UK on exam
results day, offering students the chance to win £5000 to
help them through their studies.
ambassadors will be visiting the following locations on Results
Day: Bristol, Nottingham, Manchester, Bolton, Bury, Surrey, Redditch,
Sheffield, Hull, Leeds, Newcastle, Sunderland and Leicester.
savvy student hub is part of Lloyds TSB’s savvy
saver campaign .
can open a student
account at any Lloyds TSB branch, by phone or online.
Notes to Editors:
* Research conducted online by Ciao amongst 1,052 17-25 year olds
who plan to start a degree course in autumn 2009. Research conducted
in July 2009.
a student account is subject to assessment of customers' circumstances
and further terms and conditions apply. Customers must be at least
17 and a UK resident to apply for the account. A permanent UK
resident is defined as a person who has lived in the UK for a
minimum of three years prior to commencing higher education studies.
order to be eligible for an overdraft, customers must be 18 or
older. Overdrafts are repayable in full on demand and the amount
Lloyds TSB lend depends on a review of the individual's personal
can apply for the Student
MasterCard as long as they are 18 or over, a UK resident and
your place at university is confirmed. Whether a credit card is
given depends on the review of each individual's personal circumstances.
Lloyds TSB offers customers a wide range of current accounts,
savings accounts, insurance, personal loans and credit cards,
investment and cash ISA accounts designed to meet different customers'
TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated
by the Financial Services Authority and signatories to the Banking
TSB Bank plc Registered Office: 25 Gresham Street, London EC2V
Registered in England and Wales no. 2065.
Lloyds TSB Group Media Relations
25 Gresham Street
020 7356 2162