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Please note: Interest rates apply to your balance up to £1,500. We do not pay interest on balances above £1,500.
For more information about Classic Plus including the conditions that apply see
Interest rates apply to your balance up to £1,500. We do not pay interest on balances above £1,500
Classic account Enhance interest rates
Interest paid monthly
£3,000 up to £5,000
These interest rates are correct as at 04/01/2017.
Interest rates are variable. Customers are limited to a total of three Enhance accounts.
Enhance interest is paid on balances up to £5,000. To get interest paid each month, you need to:
pay at least £1,000 into your account during the calendar month, and
keep your account in credit during the monthly billing period.
We do not pay interest on amounts above £5,000.
For more information about Enhance including the conditions that apply see
Personal Overdrafts - Planned and Unplanned Overdrafts
% per month
These interest rates are correct as at 01/02/2017. Interest rates are variable. Interest rates are variable, and apply to variants of the listed accounts i.e. Plus, and Enhance.
Student account - Planned and Unplanned Overdrafts
% per month
£0 - £1,500
These interest rates are correct as at 01/08/2014. Interest rates are variable.
Graduate account - Planned and Unplanned Overdrafts Graduate account % per month
% per month
Year 1: £2,000+
£0 - £2,000
Year 2: £1,500+
£0 - £1,500
Year 3: £1,000+
£0 - £1,000
These interest rates are correct as at 21/06/2011. Interest rates are variable.
We’ll never charge you more than £80 each monthly billing period for the total of all these fees:
Unplanned Overdraft Daily Usage Fees
Unplanned Monthly Overdraft Usage Fee
Unplanned Overdraft interest
Returned Item Fees
To make comparing bank products easier for you, banks are setting a maximum monthly charge for unplanned borrowing fees. Each bank may charge different fees, but all banks are explaining it the same way, with the same wording.
Monthly cap on unarranged overdraft charges
Each current account will set a monthly maximum charge for:
a) Going overdrawn when you have not arranged an overdraft.
b) Going over/past your arranged overdraft limit (if you have one).
This cap covers:
a) Interest and fees for going over/past your arranged overdraft limit.
b) Fees for each payment your bank allows despite lack of funds.
c) Fees for each payment your bank refuses due to lack of funds.
Explanation of terms
The contractual rate of interest payable before deduction of income tax at the rate specified by law.
AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advert for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.
EAR is the Equivalent Annual Rate. This is the actual annual rate of an overdraft. It doesn't take into account other fees and charges.
Interest is normally paid at the net rate unless the account falls within an exempt category or the account holder qualifies to receive interest gross. Interest rates may vary from time to time. All rates are per annum except where stated.
We’ve reduced our maximum monthly charge for your Unplanned Overdraft.
We’ve reduced the maximum that we’ll charge you for Unplanned Overdraft and Returned Item Fees.