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Rates make for a useful point of comparison when looking at financial products - though they're not the only thing you should consider when making a decision. Have a look through the tabs below for more detailed information about each products' rates..

1st Account rates

The rates are correct as at 14 March 2020.

1st Account does not pay interest on credit balances.

Arranged overdraft interest % APR variable
% EAR* variable
Arranged overdraft interestDebit balances up to £250 % APR variable0% % EAR* variable0%
Arranged overdraft interestDebit balance over £250 % APR variable30.5% % EAR* variable39.9%

How does our overdraft compare?
You can compare our overdrafts with other ways of borrowing by looking at the Annual Percentage Rate (APR). APR is the cost of borrowing over a year and lets you compare the costs with other credit products.

Representative example: 0% EAR variable on the first £250, 39.9% EAR variable on anything above that, giving a representative rate of 30.5% APR variable (assumed arranged overdraft £1,200).

We'll calculate arranged overdraft interest daily on the cleared end of day debit balance on your account, and deduct it from your account monthly.

Before we deduct any arranged overdraft interest, we'll give you at least 14 days' notice of the amount.

*EAR is the Effective Annual Rate which takes account of the interest rate and how often interest is charged, but doesn't include any other fees or charges.