| Interest rate and or fees for authorised overdrafts | ANNUAL COST of being overdrawn by £300 for 3 days every month | ANNUAL COST of being overdrawn by £500 for 7 days every month | ANNUAL COST of being overdrawn by £1200 for 10 days every month | |
|---|---|---|---|---|
| First Direct (1st account) | Interest 15.9% EAR (First £250 interest free) | £0.78 | £9.15 | £49.66 |
| Post Office (Standard Account) | Interest 14.9% EAR per annum | £4.41 | £17.15 | £58.78 |
| Metro Bank (Personal Current account) | Interest 15.0% EAR | £4.44 | £17.26 | £59.18 |
| Nationwide BS (FlexAccount) | Interest 18.9% EAR | £5.59 | £21.75 | £74.56 |
| Barclays (Bank Account) | Interest 19.3% per annum | £5.71 | £22.21 | £76.14 |
| HSBC (Bank Account) | Interest 19.9% EAR | £5.89 | £22.90 | £78.51 |
| The Co-operative Bank (Current Account Plus) | Interest 18.9% EAR per month plus £20 per annum renewal charge | £25.59 | £41.75 | £94.56 |
| Halifax (Reward) | Daily Fee £1 for overdrafts up to £1,999 - £2 per day £2000 to £2,999 and £3 for £3,000 plus | £36.00 | £84.00 | £120.00 |
| Santander (123 Current Account)** | Fee of £1 per day (max £20 per month) | £36.00 | £84.00 | £120.00 |
| Norwich & Peterborough BS (Gold Classic) | Interest 17.9% EAR plus £5 fee per month | £65.30 | £80.60 | £130.62 |
| Bank of Scotland (Classic) | Interest 19.94% EAR plus £6 fee per month. (First £25 int free subject to application) | £77.41 | £93.80 | £149.03 |
| Lloyds TSB (Classic) | Interest 19.94% EAR plus £6 fee per month. (First £25 int free subject to application) | £77.41 | £93.80 | £149.03 |
| NatWest (Select Account) | Interest 19.89% EAR plus £6 fee per month. | £77.89 | £94.89 | £150.47 |
| Royal Bank of Scotland (Select) | Interest 19.89% EAR plus £6 fee per month. | £77.89 | £94.89 | £150.47 |
** monthly charge of £2 for this account (but cashback paid on some direct debits)
Research via provider websites by Moneycomms 29.07.2013
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