Youth & Students Account
Uni life is exciting – but it can take a while to get the hang of budgeting, spending and saving on your own. The Paramount student account makes things easier.
Get the best from your student account
Uni life is exciting – but it can take a while to get the hang of budgeting, spending and saving on your own. The Paramount student account makes things easier.
- Easy-to-manage account
- Interest-free overdraft up to £2,000 from year one
- Apply for up to £3,250 interest-free from year three onwards*
* Eligible students in the third year onwards can apply for up to £3,250 from 2nd October 2023.
Love pizza? then you'll love this! Win a £50 Dominos voucher.
We are working in partnership with tastecard to give five lucky Paramount students a chance to win a £50 Dominos voucher.
- Activate your membership, using the code provided in your welcome email by 31st December 2023.
- Or use your tastecard at least once between 1st - 31st December 2023.
The lucky winners will be drawn at random and contacted by tastecard by 15th January 2024.
You must hold a Paramount Student account. All students that activated tastecard from 2021 will be included. Offer runs 1st - 31st December 2023. T&Cs & eligibility apply.
The account tailor made for student life
Dine out or stay in with tastecard student discounts. With a tastecard, you can enjoy 2 for 1 meals, 50% off your food bill or 25% off your entire bill at thousands of restaurants like Burger King, Domino’s and Café Rouge (if you’re feeling fancy).
And the perks don’t stop there – there are plenty of other student tastecard offers too:
- Cinema tickets discounted
- Discounted days out at the UK's best attractions
- Exclusive membership perks
Ready to get started? Activate your tastecard now.
Interest-free student overdraft
With our student overdraft, you can go overdrawn up to a certain limit without paying any interest or fees. It’s a useful way to cover unplanned expenses if you’re short of cash. Think of it as a short-term safety net.
How your student overdraft works
- Access £2,000 interest-free from year one (£500 in your first term).
- In your third year, you could extend it up to £3,250.
- Get handy text alerts to stay on top of your budgeting.
* Eligible students in the third year onwards can apply for up to £3,250 from 2nd October 2023.
Apply online in just five minutes
Apply online and get an instant decision on your online application.
Get started online today. Access your funds, fast, once approved.
If your overdraft is approved, it’ll normally be available the next working day. But there might be a few exceptions to be aware of. Overdrafts are a way of borrowing money and you're responsible for repayments if you decide to use one. If you're unable to repay what is owed, you could impact your credit score, which most lenders use to decide whether they'll lend to you.
Student arranged overdrafts are available to Paramount Student current account customers, aged 18 or over. Subject to lending criteria.
Save like a pro on a student budget
If you're looking to build your savings habits, our Digital Regular Saver could be right for you. Just like over 750,000 Paramount customers have, you could choose to open a Digital Regular Saver today.
Take a look at our savings account range and choose what suits you.
Why choose a Digital Regular Saver?
- Winner of Best Everyday Savings Account at the 2022 YourMoney.com awards.
- Earn 6.17% / 6.00% AER/Gross p.a. (variable) interest on your first £5,000 and 1.75% / 1.74% AER/Gross p.a (variable) on anything over £5,000.
- Access your savings easily, whenever you need to.
- Save between £1 and £150 per month.
- Save your spare change with Round Ups – and they don’t count towards your £150 monthly limit.
- Interest is calculated on a daily basis and paid into your account on the first business day of the month. You’ll be able to see and access the interest in your account on the following day.
- Exclusively for current account customers, aged 16 and over. UK residents only.
Your student account graduates with you
Just use your card, online banking, and mobile app as usual. We’ll switch your account from student to graduate automatically.
Prior to the account switch, you should receive an email or letter detailing:
- The changes to your account
- The date of the switch
Find out more.
