Overdraft rates

Find out how much interest you will pay on your overdraft balance. You only pay overdraft interest if you go overdrawn by more than any interest and fee free amount or buffer, if applicable, that your may have on your account. These amounts vary by account type, for more information view our Banking Charges guide.

These rates apply to both Planned and Unplanned overdrafts.

These interest rates are correct as of 18/11/2013.

Interest rates are variable.

EAR – 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.

 

Account % per month % per month % EAR
Club Lloyds current account
1.53 19.94
Classic
1.53 19.94
Silver and Club Silver
1.53 19.94
Gold and Club Gold
1.53 19.94
Platinum and Club Platinum
1.34 17.28
Premier and Club Premier
1.20 15.43

REPRESENTATIVE EXAMPLE

If you use a Planned Overdraft limit of £1,200 on our Classic Account the overdraft interest rate we charge on the first £25 will be 0% EAR variable. The overdraft interest rate on the next £1,175 will be 19.94% EAR variable and a Monthly Overdraft Usage Fee of £6 will apply.

Student Account – Planned and Unplanned Overdrafts

These rates apply to both Planned and Unplanned overdrafts.

These interest rates are correct as of 18/11/2013.

Interest rates are variable.

EAR – 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.

Click here for more information about the Student Account.

 

% Per Month %EAR
Year 1    
£1,500+ 0.66 8.21
£0 - £1,500 0.00 0.00
Year 2    
£1,500+ 0.66 8.21
£0 - £1,500 0.00 0.00
Year 3    
£1,500+ 0.66 8.21
£0 - £1,500 0.00 0.00
Year 4, 5 & 6    
£2,000+ 0.66 8.21
£0 - £2,000 0.00 0.00

Graduate Account – Planned and Unplanned Overdrafts

These rates apply to both Planned and Unplanned overdrafts.

These interest rates are correct as of 18/11/2013.

Interest rates are variable.

EAR – 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.

Click here for more information about the Graduate Account.

% Per Month %EAR
Year 1
£2,000+ 1.30 16.77
£0 - £2,000 0.00 0.00
Year 2
£1,500+ 1.30 16.77
£0 - £1,500 0.00 0.00
Year 3  
£1,000+ 1.30 16.77
£0 - £1,000 0.00 0.00

Glossary

The contractual rate of interest payable before deduction of income tax at the rate specified by law.

The rate of interest which would be payable after allowing for the deduction of income tax at the rate specified by law.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.  As every advert for a savings product will contain an AER you can compare more easily what return you can expect from your savings over time.

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.

Interest is normally paid at the net rate unless the Account falls within an exempt category or the Account holder qualifies to receive interest gross. Interest rates may vary from time to time. All rates are per annum except where stated.