Rates and charges
Types of account
FlexAccount - offers customers a Visa debit card with a cheque book and overdraft (subject to status) or a cash card+ with the option of a cheque book.
Cash Card Account - offers customers a cash card+ without a chequebook or overdraft.
The information in these tables applies to both FlexAccount and Cash Card Account customers unless otherwise shown. The tables also summarise the product features and do not replace any terms and conditions
| Overdraft interest rates (see note 1) | |
|---|---|
| Overdraft rate (applied to whole overdrawn balance) | 18.90% EAR |
1 - If we make a change to this rate we will notify you at least 7 days before we make the change. Pre-notification is only applicable if the change is to your disadvantage. If the change is to your advantage we may make it immediately.
FlexAccount and Cash Card Account do not pay credit interest.
Important information
Before we take a charge or interest from your account we will send you a 'Notice of charges' with your next regular statement and we will take the charge or interest 28 days after this statement date.
You must pay charges for specialist services at the time the transaction takes place.
We work out overdraft interest each day and take it from your account each month.
We may decide when to apply and waive all account charges.
All rates and charges may change.
Types of interest rate
EAR – Equivalent Annual Rate. The yearly cost of an overdraft.
FlexAccount credit interest rates are effective from 01/02/09.
Cash Card Account credit interest rates are effective from 01/12/08.
Record of charges and interest