If we agree a planned overdraft limit of £1,200 on your Classic Account the overdraft interest rate we charge on the first £25 will be 0% EAR1 variable and a Monthly Overdraft Usage Fee will not apply. The overdraft interest rate on the next £1,175 will be 19.84% EAR1 variable and a Monthly Overdraft Usage Fee of £6 will apply.
1 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.