Rates and charges
It's important that you understand how your account works.
We've added information below about our interest rates and you can find all the documents relevant to this account in the Important documents section.
Maintaining the account fee (monthly)
The Platinum Account costs £20 a month, which covers all benefits.
Platinum account overdraft interest rates
Account |
Interest charged |
Platinum |
39.90% EAR* (Monthly interest 2.84%)
|
These rates are correct as at 02/04/2020. Interest rates are variable.
How does my overdraft compare?
A good way to compare the cost of our overdraft with other overdrafts or other ways of borrowing is to look at the APR. The APR shows the cost of borrowing over a year. Our representative APR is 62.9%. This is based on an assumed arranged overdraft of £1,200 and includes the effect of maintaining the monthly account fee.
View previous rates