Mayfair Banking Overdraft Rates

Pricing information about personal current account overdrafts 

What is the interest rate being charged on our products?

Overdraft Rates Charged

Product

Range of annual interest rates* payable for arranged overdrafts on 30 June 2020

Annual interest rate payable for unarranged overdrafts on 30 June 2020

Refused payment fee on 30 June 2020

Product

High Interest Cheque Account 

Range of annual interest rates* payable for arranged overdrafts on 30 June 2020

9.9%

Annual interest rate payable for unarranged overdrafts on 30 June 2020

0.00%

Refused payment fee on 30 June 2020

£0

* Plus Bank of England Base rate


How do our overdrafts compare?

A good way to compare the cost of our overdraft with other overdrafts or other ways of borrowing is to look at the APR. The APR shows the cost of borrowing over a year.


Information about overdraft pricing in the period between 6 April 2020 and 30 June 2020

Overdraft rates charged during this period

Product

Advertised APR[s] during this period

Product

High Interest Cheque Account

Advertised APR[s] during this period

N/A