Features & benefits

Your overdraft explained

Important information

Your FlexStudent rates and terms explained

Here's some useful information about our interest rates and other fees and charges.

Interest rates when you're in credit

Main rates & fees when you are in credit
AER Gross p.a.
On balances up to £1,000 1% variable 1% variable

AER stands for 'annual equivalent rate' and illustrates what the interest rate would be if interest were paid and compounded each year.

Gross p.a. is the interest rate without tax deducted.

Your overdraft

Overdraft fees
Fees for arranged overdrafts Fees for unarranged overdrafts
0p per day (variable) 0p per day (variable)

FlexStudent Overdraft Representative Example

If you use an arranged overdraft of £1,200 the amount we will charge you is 0p per day (variable).

Other charges and fees

We've shown you the main rates and fees for our FlexStudent account above, but for a full list of all our current interest rates and other fees and charges please download our latest interest rates and charges leaflet.

To see what charges we make for payments in other currencies and using your card abroad, see our using your cards abroad section.

Important information

Take a look at the FlexStudent account Terms and Conditions.

All rates and fees are subject to change. If we make a change to them we'll notify you two months in advance if the change is to your disadvantage. If the change is to your advantage we may make it immediately.

On the last day of each month we calculate the interest you've earned each day of that month and then pay you this interest on the 1st day of the next month. We pay interest without tax deducted.

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