Graduate account - Arranged and Unarranged Overdrafts Graduate account % per month
Graduate account |
% per month |
% EAR |
£0 - £2,000 |
0.00 |
0.00 |
£2,000+ |
2.84 |
39.90 |
These interest rates are correct as at 02/04/2020. Interest rates are variable.
We’ll never charge you more than £30 each monthly billing period for the total of all these fees:
- Unarranged Overdraft interest
- Returned Item Fees
To make comparing bank products easier for you, banks are setting a maximum monthly charge for unarranged 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 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.