Mayfair Banking Overdraft Rates
Pricing information about personal current account overdrafts
What is the interest rate being charged on our products?
|
Product |
Range of annual interest rates payable for arranged overdrafts on 31 March 2023 |
Annual interest rate payable for unarranged overdrafts on 31 March 2023 |
Refused payment fee on 31 March 2023 |
|---|---|---|---|
ProductHigh Interest Cheque Account |
Range of annual interest rates payable for arranged overdrafts on 31 March 20239.90% |
Annual interest rate payable for unarranged overdrafts on 31 March 20230.00% |
Refused payment fee on 31 March 2023£0 |
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 quarter from 1 January 2023 to 31 March 2023
|
Product |
Advertised APR[s] during this period |
|---|---|
|
Product High Interest Cheque Account |
Advertised APR[s] during this period N/A |