Account type |
Balance |
Gross rate per annum (%) |
AER (%) |
Gold account |
0+ |
0.01 |
0.01 |
Select account |
0+ |
0.00 |
0.00 |
Card Plus account |
0+ |
0.35 |
0.35 |
Student account |
0+ |
0.00 |
0.00 |
Basic account |
0+ |
0.00 |
0.00 |

Current account rates and fees
Details of interest rates and fees that apply to your current account
The Personal Banking rate and account fee documents contain information about the amount of the charges and rates of interest that apply to your account.
All charges and rates shown are correct as at 30 October 2018 unless otherwise specified and are subject to variation.
Current account interest rates correct as at 23 June 2020.


Current account interest rates

Monthly account fees
The following monthly account fee is payable by Gold account customers.
Your account includes access to all the benefits listed in the appropriate brochures and on our website.
Type of account |
Monthly account fee |
Gold account |
£18 |
Application of account fees
The account fee for each monthly charging period will be debited from your account 21 days after the end of that charging period (or on the next business day if this is a Saturday, Sunday or Bank Holiday). The fee will appear on your statement as ‘CHG’. Your charging period runs from month to month, usually from the date you opened your account.

Arranged overdraft interest
Gold account, Select account, Global Select account
If you have arranged an overdraft facility with us in advance and you use this facility within the thresholds shown below, you will not pay arranged overdraft interest.
Arranged Overdraft Interest Rates
Type of account |
Interest free threshold |
Gold account |
£100 |
Select account, Global Select account |
£10 |
If the amount of your arranged overdraft facility exceeds these thresholds, you will pay arranged overdraft interest at the rates shown in the interest rates table below on the entire balance, including the amount below the interest free threshold.
Please note if the overdraft facility you have agreed with us is less than or equal to the thresholds shown above and you exceed your arranged overdraft facility, you will pay arranged overdraft interest at the rates shown below on the entire arranged overdraft facility.
Arranged Overdraft Interest Rates
Type of account |
Nominal monthly rate % |
Nominal annual rate % |
EAR % |
Gold account |
0.63 |
7.50 |
7.76 |
Select account, Global Select account |
1.52 |
18.28 |
19.89 |
Calculation and application of interest
Arranged overdraft interest is calculated on a daily basis and charged monthly.
If we are going to debit arranged overdraft interest from your account, we will give you not less than 14 days notice of how much we are going to debit and when.
We do not charge interest on Unarranged overdrafts. Nor do we charge arranged overdraft interest on any part of an arranged overdraft which represents an Unpaid Transaction Fee or an Unarranged Overdraft Usage Fee.
Student/Graduate account
All Student/Graduate account arranged overdrafts are interest free. If at any time you cease to be a student/graduate customer for any reason, then the interest rate you pay on your overdraft will revert to the standard rate which applies to Select account customers.

Arranged overdraft, unarranged overdraft and unpaid transaction fees
Fee |
Amount |
Maximum Charge |
Arranged Overdraft Usage Fee |
£6 where arranged overdrafts are used by more than £10 per charging period |
One fee per charging period (£6) |
Unarranged Overdraft Usage Fee |
£8 per day for unarranged overdrafts of more than £10 |
9 fees per charging period (£72) |
Unpaid Transaction Fee |
£8 for each unpaid transaction |
1 fee per charging period (£8) |
We will only charge an Unarranged Overdraft Usage Fee for a non-business day (i.e. a Saturday, Sunday or Bank Holiday) if there is an unarranged overdraft, or there is greater than £10 owing on your account at close of business on the first following business day.
The table shown below highlights which fees may be charged on which accounts:
|
Arranged Overdraft Usage Fee |
Unarranged Overdraft Usage Fee |
Unpaid Transaction Fee |
Gold account |
Cross |
Tick |
Tick |
Select account |
Tick |
Tick |
Tick |
Foundation account |
Cross |
Cross |
Cross |
Basic account |
Cross |
Cross |
Tick |
Student/Graduate account |
Cross |
Cross |
Tick |
Global Select account |
Tick |
Tick |
Tick |

Debit card and ATM card charges
This section sets out our charges for the transaction types listed below. It does not reflect any charges which a third party might charge you (for example, commission rates or ATM fees).
Debit card charges
Transaction type |
Charges |
Sterling cash withdrawals from any UK, Channel Islands, Isle of Man or Gibraltar cash machine (ATM) and Branches
Sterling cash withdrawals in the UK, Channel Islands, Isle of Man or Gibraltar in any bank, travel agent, bureau de change or other outlet displaying the Visa logo
Purchase of foreign currency or travellers cheques in the UK, Channel Islands, Isle of Man or Gibraltar |
No charge |
Cash withdrawal in foreign currency in the UK, Channel Islands, Isle of Man or Gibraltar.
Cash withdrawals or the purchase of currency outside the UK, Channel Islands, Isle of Man or Gibraltar |
We will also charge a Non-Sterling Transaction Fee of 2.75% of the value of the transaction. If you elect for the transaction to be converted into Sterling at the point of sale or withdrawal, we will not charge a Non-Sterling Transaction Fee, however the transaction handler may charge you a separate fee. |
Debit card payment in pounds outside the UK, Channel Islands, Isle of Man or Gibraltar (for example, purchasing goods in a shop)
Debit card payment in foreign currency (for example, online/telephone purchases made in or outside the UK, Channel Islands, Isle of Man or Gibraltar) |
We will also charge a Non-Sterling Transaction Fee of 2.75% of the value of the transaction. If you elect for the transaction to be converted into Sterling at the point of sale or withdrawal, we will not charge a Non-Sterling Transaction Fee, however the transaction handler may charge you a separate fee. |
Where a charge in the table above is stated as a percentage, this is a percentage of the Sterling transaction amount.
Visa Payment Scheme Exchange Rate |
Any transaction made in a foreign currency using your debit card or ATM card is converted by us into Sterling using the Visa Payment Scheme Exchange Rate. To see the up-to-date rates used for debit cards and ATM cards visit www.visaeurope.com and click on the Interchange Fees section. |

Additional services, payments & travel money
We don’t believe in hidden charges. That’s why we’ve put together this helpful guide to some of the additional services we provide.
Additional Services |
|
Obtaining copies of statements |
£3 per request |
Certificate of debit interest |
No Fee |
Certificate of credit interest |
£10 |
Tailored loan arrangement fee |
2% of amount borrowed (minimum fee £100) |
Stopping a cheque (unless it has been lost or stolen) |
£10 |
Domestic payments |
|
Issuing a sundry payment cheque |
£12 |
Special presentation of a cheque |
£15 (£25 in Gibraltar) |
Same day electronic transfer |
£23 |
International Payments |
|
Sending Euro payments within the EEA (from the UK, Channel Islands, Isle of Man or Gibraltar) |
No charge |
Including currency transfers in the UK currency inward collections |
0.3% (minimum fee £23, maximum fee £40) plus £10 agents charge where applicable |
Euro Standard Payments – Gibraltar only |
|
Our SEPA* compliant payment method for sending a payment up to €100,000 |
No charge |
ibanking plus payments |
|
CHAPS reduced tariff |
£15 per payment |
International payments |
£5,000 or less – £15 |
Sending Euro payments within the EEA (from the UK, Channel Islands, Isle of Man or Gibraltar) |
No charge |
Inward payments from overseas |
|
Euro payments received from within the EEA (from the UK, Channel Islands, Isle of Man or Gibraltar) |
No charge |
Depending on payment instructions these charges may be for the beneficiary or remitter |
All other currencies up to £100 – no charge |
Outward/Inward payment investigations |
|||
Within 6 months of payment release (including payments returned due to incorrect beneficiary details) |
Up to £25 per investigation |
||
6 - 12 months from payment release |
Up to £50 per investigation |
||
Over 12 months from payment release |
Up to £100 per investigation |
Sterling travellers cheques |
|
Buy |
1% of value (2% in Gibraltar) |
Cash in |
0% commission |
Currency notes (buy and cash in) |
|
Currency notes |
0% commission |
Currency notes paid into or withdrawn from a currency account* |
|||
Currency |
Commission rate |
Commission rate |
Commission rate |
US Dollar |
US $25,000 and under 1% (min $10) |
US $25,001 to US $100,000 0.5% |
Over US $100,000 ask for details |
Euro |
€25,000 and under 1% (min €10) |
€25,001 to €100,000 0.5% |
Over €100,000 ask for details |
All other currencies |
£25,000 and under 1% (min £5) |
£25,001 to £100,000 0.5% |
Over £100,000 ask for details |
*Not applicable to Gibraltar customers. Please ask in branch for further details and note that currency notes may not be available immediately.
Safe Custody Boxes and parcels annual holding charges |
|
Large box |
£55 (plus VAT where applicable) |
Small box |
£40 (plus VAT where applicable) |
Sealed envelope |
£20 (plus VAT where applicable) |
Inspection fee |
£10 (plus VAT where applicable) |

Glossary
Some common terms used on this webpage.
Annual Equivalent Rate (AER)
This is a notional rate used for interest bearing accounts which illustrates what the gross credit interest rate (excluding any bonus interest payable) would be if paid and compounded on an annual basis. It helps you to compare the effective rates of credit interest on different accounts.
Effective Annual Rate of Interest (EAR)
This is the real annual cost of an overdraft, stated as an annual rate, which takes into account how often arranged overdraft interest is charged to the account.
All other charges, such as arranged and unarranged overdraft fees, must be shown separately from the EAR.
Gross Rate
The interest rate paid before the deduction of tax
Nominal Rate
The rate charged excluding compounding of arranged overdraft interest and other charges associated with a borrowing, e.g. security fees.
p.a.
per annum (per year).