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 30 June 2020 |
Annual interest rate payable for unarranged overdrafts on 30 June 2020 |
Refused payment fee on 30 June 2020 |
|---|---|---|---|
ProductHigh Interest Cheque Account |
Range of annual interest rates* payable for arranged overdrafts on 30 June 20209.9% |
Annual interest rate payable for unarranged overdrafts on 30 June 20200.00% |
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
|
Product |
Advertised APR[s] during this period |
|---|---|
|
Product High Interest Cheque Account |
Advertised APR[s] during this period N/A |