Correct as as 01 October 2012
|Credit interest rate
All credit balances
We set the credit interest rate which is variable. We will give you two months' written notice of any reductions to the credit interest rate. If we increase the credit interest rate on your account, we will make the change immediately. Interest is credited at the end of each calendar month.
The arranged overdraft interest rate can vary and is currently as shown above. We will give you two months' written notice before we change the arranged overdraft interest rate.
0.00% EAR Variable
No arrangement fee
£3,000 total amount of credit
The overdraft interest rates are made up of two parts - the Bank of England Base Rate (BOEBR) and an amount over the BOEBR (known as the 'margin'), which are both variable rates. We set the margin (on an arranged overdraft) and the unarranged margin (on an unarranged excess). When the Bank of England Base Rate changes, we change the rate at the beginning of the next business day after the Bank of England announces the change. We will give you two months written notice before we increase the margin or the unarranged margin that applies to your account.
Transaction and package fees
|Setting up the arranged overdraft
||No fee for arranged overdrafts of up to £3,000
1% fee for any amount over £3,000
|Cash withdrawals at any of our branch counters
||You can make up to 4 cash withdrawals at a branch counter each month free of charge. For each extra cash withdrawal out of your account at any of our branch counters, we will charge you the fee shown opposite.
||You can make up to 4 cheque payments (see the note below) each month free of charge. For each extra cheque paid out of your account during that month, we will charge you the fee shown opposite.
If you make a payment out of your account at a branch counter, we will count this as a cheque payment.
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