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Interest rates and fees

Credit terms
Overdraft terms
Other important information
Fee Information Documents
  • Credit interest rates

    The credit interest rate is the rate of interest that accumulates on your account for the amount of funds you have in credit.

    B Current

    BalanceRates
    Gross* (% p.a) AER++ (%)
    Balances up to £2,000 0.50 0.50
    Balances in excess of £2,000 0.00 0.00
    Credit interest is calculated on the cleared credit balance on a daily basis and credited to accounts on the last business day of each month.

    You can only open a B Instant Savings account if you have a B Current account with us in the same name(s). The B instant Savings account will remain open, provided the B Current account is maintained as described in the Terms and Conditions(PDF, opens in new window). For interest rates for B Instant Savings, see Interest rates and fees: Savings.

    Current Account Control

    A £7.50 monthly fee to maintain the Current Account Control applies to this account whether the account is in credit or overdrawn.

    BalanceRates
    Gross* (% p.a) AER++ (%)
    On all balances 0.00 0.00
    Credit interest is calculated on the cleared credit balance on a daily basis and credited to accounts on the last business day of each month.

    If you currently hold a Savings Account Plus you may continue to hold the account if you have a Current Account Plus, Current Account Direct or Current Account Control with us in the same name(s). The Savings Account Plus will remain open, provided the Current Account Plus, Current Account Direct or Current Account Control is maintained as described in the Terms and Conditions (PDF, opens in a new window). For interest rates for Savings Account Plus, see Interest rates and fees: Savings.

    Current Account Direct (Off Sale Product)

    Balance Rates
    Gross* (% p.a) AER++ (%)
    Balances up to £3,000 1.49 1.50
    Balances in excess of £3,000 0.00 0.00
    Credit interest is calculated on the cleared credit balance on a daily basis and credited to accounts on the last business day of each month.
    Current Account Direct is only available to customers who meet the product's qualifying criteria, which include a requirement to pay in a minimum amount of £1,000 into your account each month. This amount excludes internal transfers from any other account you hold with us.

    If you currently hold a Savings Account Plus you may continue to hold the account if you have a Current Account Plus, Current Account Direct or Current Account Control with us in the same name(s). The Savings Account Plus will remain open, provided the Current Account Plus, Current Account Direct or Current Account Control is maintained as described in the Terms and Conditions (PDF, opens in a new window). For interest rates for Savings Account Plus, see Interest rates and fees: Savings.

    Current Account Plus (Off Sale Product)

    BalanceRates
    Gross* (% p.a) AER++ (%)
    On all balances 0.00 0.00
    Credit interest is calculated on the cleared credit balance on a daily basis and credited to accounts on the last business day of each month.

    If you currently hold a Savings Account Plus you may continue to hold the account if you have a Current Account Plus, Current Account Direct or Current Account Control with us in the same name(s). The Savings Account Plus will remain open, provided the Current Account Plus, Current Account Direct or Current Account Control is maintained as described in the Terms and Conditions (PDF, opens in a new window). For interest rates for Savings Account Plus, see Interest rates and fees: Savings.

    Flexible Repay / Rapid Repay (Off Sale Product)

    BalanceRates
    Gross* (% p.a) AER++ (%)
    On all balances 0.00 0.00
    Please note the Rapid Repay and Flexible Repay Accounts are no longer on sale.
    Credit interest will be paid if the balance of your Rapid Repay Account or Flexible Repay Account is in credit. Credit interest is calculated on the cleared credit balance on a daily basis and credited to accounts on the last business day of each month.

    Readycash

    This account offers no credit interest

    Signature Current Account

    A £13.50 monthly fee to maintain the Signature Current Account applies to this account whether the account is in credit or overdrawn.

    BalanceRates
    Gross* (% p.a) AER++ (%)
    On all balances 0.00 0.00
    Credit interest is calculated on the cleared credit balance on a daily basis and credited to accounts on the last business day of each month.

    You may only open a Signature Savings Account if you have a Signature Current Account with us in the same name(s). The Signature Savings Account will remain open, provided the Signature Current Account is maintained as described in the Terms and Conditions (PDF, opens in a new window). For interest rates for Signature Savings Account, see Interest rates and fees: Savings.

    Student Account (Off Sale Product)

    BalanceRates
    Gross* (% p.a) AER++ (%)
    On all balances 0.00 0.00
    Credit interest is calculated on the cleared credit balance on a daily basis and credited to accounts on the last business day of each month.
    Please note, Student Current Account is no longer on sale.

    Download your account tariff

    You can also download your account tariff:

  • Arranged / unarranged overdraft interest rates and fees

    The overdraft interest rate is the rate of debit interest calculated on the cleared debit balance on a daily basis. For further information on how overdrafts work, see Arranged / Unarranged Overdrafts..

    B Current

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Arranged Overdraft0.9911.8412.50
    Unarranged Overdraft 0.00 0.00 0.00
    Debit interest is calculated on the cleared debit balance on a daily basis and debited to accounts monthly in arrears.
    Fee descriptionFeeNotes
    Monthly Arranged Overdraft Fee £6.00 This fee is payable once every calendar month if you end any business day in arranged overdraft by more than the £25.00 Arranged Overdraft Buffer Amount (unless you’re over that amount because of fees or interest that have been added by us) and you’ve gone over the Monthly Arranged Overdraft Fee Grace Period.
    Monthly Arranged Overdraft Fee Grace Period 2 business days per calendar month A grace period applies each calendar month you use your arranged overdraft by more than the buffer amount – you’ll be given two business days each month to reduce your arranged overdraft to below the buffer before being charged the Monthly Arranged Overdraft Fee. You won’t be charged it if you've already been charged a Daily Unarranged Overdraft Fee that day.
    Daily Unarranged Overdraft Fee £6.00 This fee is payable each business day you end the day in unarranged overdraft by more than the £10.00 Unarranged Overdraft Buffer Amount (unless you’re over that amount because of fees or interest that have been added by us) and you’ve gone over the Daily Unarranged Overdraft Fee Grace Period
    Daily Unarranged Overdraft Fee Grace Period 2 business days 2 working days grace to bring your Unarranged Overdraft to less than the buffer amount (£10) before the fee is charged.
    Refusing A Payment Due to Lack of Funds Fee £15 per item This fee is charged when we refuse payments due to a lack of funds in the account or arranged overdraft. We will not charge this fee if the value of the refused payment is £15.00 or less. This is the Refusing A Payment Due to Lack of Funds Fee Buffer Amount
    We have a fee cap of £100.00 per calendar month. This Fee Cap means that you'll never pay more than £100.00 per calendar month in Monthly Arranged Overdraft, Daily Unarranged Overdraft and Refusing A Payment Due to Lack of Funds Fees. The cap does not apply to debit interest which is charged at the rate shown in this Tariff.

    Monthly Cap on Unarranged Overdraft Charges (also known as Monthly Maximum Charge)

    We have a monthly cap on Unarranged Overdraft charges. This means you'll never pay more than £100 per month in Daily Unarranged Overdraft and/or Refusing A Payment Due to Lack of Funds Fees.

    1. Each current account will set a monthly maximum charge for:

    1. going overdrawn when you have not arranged an overdraft; or
    2. going over/past your arranged overdraft limit (if you have one).

    2. This cap covers any:

    1. interest and fees for going over/past your arranged overdraft limit;
    2. fees for each payment your bank allows despite lack of funds; and
    3. fees for each payment your bank refuses due to lack of funds.

    Current Account Control

    A £7.50 monthly Current Account Control fee to maintain the account applies whether the account is in credit or overdrawn.

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Arranged Overdraft1.4517.3918.85
    Unarranged Overdraft 0.00 0.00 0.00
    Debit interest is calculated on the cleared debit balance on a daily basis and debited to accounts monthly in arrears.
    Fee descriptionFeeBuffer amountNotes
    Monthly Arranged Overdraft Fee£6.00£25.00This fee will be charged once every calendar month if you end any business day overdrawn by more than the £25.00 Arranged Overdraft Buffer Amount (unless that position was created by us adding fees or interest).
    The amount of the Monthly Arranged Overdraft Fee, Monthly Fee to Maintain the Account and debit interest will be notified to you at the end of each calendar month, giving you at least 14 days' notice before it is applied to your account.

    Current Account Direct (Off Sale Product)

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Arranged Overdraft0.799.489.90
    Unarranged Overdraft 0.00 0.00 0.00
    Debit interest is calculated on the cleared debit balance on a daily basis and debited to accounts monthly in arrears.
    Fee descriptionFeeBuffer amountNotes
    Monthly Arranged Overdraft Fee £6.00 £25.00 This fee will be charged once every calendar month if you end any business day overdrawn by more than the £25.00 Arranged Overdraft buffer amount (unless that position was created by us adding fees or interest).
    Daily Unarranged Overdraft Fee £6.00 £10.00 This fee will be charged for each business day that you end the day in Unarranged Overdraft by more than the £10.00 Unarranged Overdraft buffer amount (unless that position was created by us adding fees or interest).
    Refusing A Payment Due to Lack of Funds Fee £15.00 per item £15.00 This fee will be charged when there is not enough money in your account or arranged overdraft to make a payment and we refuse the request. We will not charge this fee if the value of the refused payment is £15.00 or less. This is the Refusing A Payment Due to Lack of Funds Fee Buffer Amount.
    We have a monthly fee cap of £100.00 per calendar month. This fee cap means that you'll never pay more than £100.00 per calendar month in Monthly Arranged Overdraft, Daily Unarranged Overdraft and Refusing A Payment Due to Lack of Funds Fees. The cap does not apply to debit interest which is charged at the rate shown in this tariff.

    Monthly Cap on Unarranged Overdraft Charges (also known as Monthly Maximum Charge)

    We have a monthly cap on Unarranged Overdraft charges. This means you'll never pay more than £100 per month in Daily Unarranged Overdraft and/or Refusing A Payment Due to Lack of Funds Fees.

    1. Each current account will set a monthly maximum charge for:

    1. going overdrawn when you have not arranged an overdraft; or
    2. going over/past your arranged overdraft limit (if you have one).

    2. This cap covers any:

    1. interest and fees for going over/past your arranged overdraft limit;
    2. fees for each payment your bank allows despite lack of funds; and
    3. fees for each payment your bank refuses due to lack of funds.

    The amount of the Monthly Arranged Overdraft Fee, Daily Unarranged Overdraft Fee, Refusing A Payment Due to Lack of Funds Fee and debit interest will be notified to you at the end of each calendar month, giving you at least 14 days' notice before it is applied to your account.

    Current Account Plus (Off Sale Product)

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Arranged Overdraft1.4517.3918.85
    Debit interest is calculated on the cleared debit balance on a daily basis and debited to accounts monthly in arrears.
    Unarranged Overdraft 0.00 0.00 0.00
    Fee descriptionFeeBuffer amountNotes
    Monthly Arranged Overdraft Fee £6.00 £25.00 This fee will be charged once every calendar month if you end any business day overdrawn by more than the £25.00 Arranged Overdraft Buffer Amount (unless that position was created by us adding fees or interest).
    Daily Unarranged Overdraft fee £6.00 £10.00 This fee will be charged for each business day that you end the day in Unarranged Overdraft by more than the £10.00 Unarranged Overdraft Buffer Amount (unless that position was created by us adding fees or interest).
    Refusing A Payment Due to Lack of Funds fee £15.00 per item £15.00 This fee will be charged when there is not enough money in your account or arranged overdraft to make a payment and we refuse the request. We will not charge this fee if the value of the refused payment is £15.00 or less. This is the Refusing A Payment Due to Lack of Funds Fee Buffer Amount.
    We have a monthly fee cap of £100.00 per calendar month. This fee cap means that you'll never pay more than £100.00 per calendar month in Monthly Arranged Overdraft, Daily Unarranged Overdraft and Refusing A Payment Due to Lack of Funds Fees. The cap does not apply to debit interest which is charged at the rate shown in this tariff.

    Monthly Cap on Unarranged Overdraft Charges (also known as Monthly Maximum Charge)

    We have a monthly cap on Unarranged Overdraft charges. This means you'll never pay more than £100 per month in Daily Unarranged Overdraft and/or Refusing A Payment Due to Lack of Funds Fees.

    1. Each current account will set a monthly maximum charge for:

    1. going overdrawn when you have not arranged an overdraft; or
    2. going over/past your arranged overdraft limit (if you have one).

    2. This cap covers any:

    1. interest and fees for going over/past your arranged overdraft limit;
    2. fees for each payment your bank allows despite lack of funds; and
    3. fees for each payment your bank refuses due to lack of funds.

    The amount of the Monthly Arranged Overdraft Fee, daily Unarranged Overdraft fee, Refusing A Payment Due to Lack of Funds Fee and debit interest will be notified to you at the end of each calendar month, giving you at least 14 days' notice before it is applied to your account.

    Flexible Repay / Rapid Repay (Off Sale Product)

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Arranged Overdraft interest rateThis is your mortgage rate as shown in your mortgage offer document.
    Fee descriptionFeeBuffer amountNotes
    Refusing A Payment Due to Lack of Funds fee£15.00 per item£15.00This fee will be charged when there is not enough money in your account or arranged overdraft to make a payment and we refuse the request. We will not charge this fee if the value of the refused payment is £15.00 or less. This is the Refusing A Payment Due to Lack of Funds Fee Buffer Amount.
    We have a monthly fee cap of £60.00 per calendar month. This fee cap means that you'll never pay more than £60.00 per calendar month in Refusing A Payment Due to Lack of Funds Fees. The cap does not apply to debit interest.
    The amount of the Refusing A Payment Due to Lack of Funds Fees and debit interest will be notified to you at the end of each calendar month, giving you at least 14 days' notice before it is applied to your account.

    Readycash

    There is no arranged overdraft available on this account.

    Signature Current Account

    A £13.50 monthly Signature Current Account fee to maintain the account applies whether the account is in credit or overdrawn.

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Arranged Overdraft0.9911.8412.50
    Unarranged Overdraft 0.00 0.00 0.00
    Debit interest is calculated on the cleared debit balance on a daily basis and debited to accounts monthly in arrears.
    Fee descriptionFeeBuffer amountNotes
    Monthly Arranged Overdraft Fee£6.00£25.00This fee will be charged once every calendar month if you end any business day overdrawn by more than the £25.00 Arranged Overdraft Buffer Amount (unless that position was created by us adding fees or interest).
    Daily Unarranged Overdraft Fee£6.00£10.00This fee will be charged for each business day that you end the day in Unarranged Overdraft by more than the £10.00 Unarranged Overdraft Buffer Amount (unless that position was created by us adding fees or interest).
    Refusing A Payment Due to Lack of Funds Fee£15.00 per item£15.00This fee will be charged when there is not enough money in your account or arranged overdraft to make a payment and we refuse the request. We will not charge this fee if the value of the refused payment is £15.00 or less. This is the Refusing A Payment Due to Lack of Funds Fee Buffer Amount.
    We have a monthly fee cap of £100.00 per calendar month. This fee cap means that you'll never pay more than £100.00 per calendar month in Monthly Arranged Overdraft, Daily Unarranged Overdraft and Refusing A Payment Due to Lack of Funds Fees. The cap does not apply to debit interest which is charged at the rate shown in this tariff.

    Monthly Cap on Unarranged Overdraft Charges (also known as Monthly Maximum Charge)

    We have a Monthly Cap on Unarranged Overdraft Charges. This means you'll never pay more than £100 per month in Daily Unarranged Overdraft and/or Refusing A Payment Due to Lack of Funds Fees.

    1. Each current account will set a monthly maximum charge for:

    1. going overdrawn when you have not arranged an overdraft; or
    2. going over/past your arranged overdraft limit (if you have one).

    2. This cap covers any:

    1. interest and fees for going over/past your arranged overdraft limit;
    2. fees for each payment your bank allows despite lack of funds; and
    3. fees for each payment your bank refuses due to lack of funds.

    The amount of the Monthly Arranged Overdraft Fee, Daily Unarranged Overdraft Fee, Refusing A Payment Due to Lack of Funds Fees, Monthly Fee to Maintain the Account and debit interest will be notified to you at the end of each calendar month, giving you at least 14 days' notice before it is applied to your account.

    Student Account (Off Sale Product)

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Arranged Overdraft0.607.247.49
    Unarranged Overdraft 0.00 0.00 0.00
    Debit interest is calculated on the cleared debit balance on a daily basis and debited to accounts monthly in arrears.
    Fee descriptionFeeBuffer amountNotes
    Refusing A Payment Due to Lack of Funds Fee£15.00 per item£15.00This fee will be charged when there is not enough money in your account or arranged overdraft to make a payment and we refuse the request. We will not charge this fee if the value of the refused payment is £15.00 or less. This is the Refusing A Payment Due to Lack of Funds Fee Buffer Amount.

    Monthly Cap on Unarranged Overdraft Charges (also known as Monthly Maximum Charges)

    We have a Monthly Cap on Unarranged Overdraft Charges. This means you'll never pay more than £60 per month in Refusing A Payment Due to Lack of Funds Fees.

    1. Each current account will set a monthly maximum charge for:

    1. going overdrawn when you have not arranged an overdraft; or
    2. going over/past your arranged overdraft limit (if you have one).

    2. This cap covers any:

    1. interest and fees for going over/past your arranged overdraft limit;
    2. fees for each payment your bank allows despite lack of funds; and
    3. fees for each payment your bank refuses due to lack of funds.

    The amount of the Refusing A Payment Due to Lack of Funds Fee and debit interest will be notified to you at the end of each calendar month giving you at least 14 days' notice before it is applied to your account.

    Download your account tariff

    You can also download your account tariff:

  • Other information about our current accounts

    Applicable to Current Account Control, Current Account Direct, Current Account Plus, Rapid Repay Account/Flexible Repay Account, Readycash, Signature Current Account, and Student Account.

    Charges for our most common additional services

    Charge
    Bankers draft (up to & including £100,000)£30.00 per draft
    Cancelling A Cheque£10.00 per cheque
    Duplicate Statement Fee (if you have opted out of receiving paper statements then no fee will be charged)£5.00 per statement

    Receiving Money From Outside The UK

    Charge
    Paid to customer’s account with this bank up to £100 (or equivalent)No charge
    Over £100 (or equivalent)£7.00
    Copies of confirmations/advices£5.00 per item

    Debit card transactions

    Fees
    Fee For Cash Withdrawal In Foreign Currency Outside The UK
    Fee For Cash Withdrawal In Pounds Outside The UK
    3.75% of transaction value, min £1.50 These fees apply if you use a card where the card transaction is made using an ATM, or is paid to a supplier outside the UK in any currency including sterling.

    Where a Debit Card Payment In A Foreign Currency or Debit Card Payment In Pounds is refunded by a supplier outside the UK, the purchase transaction amount will be credited back to the account based on the exchange rate on the day of the refund. The fee charged for the original transaction will not be refunded. For any reversals of Debit Card Payments In Pounds to a supplier outside the UK received, the original fee will be refunded.
    Fee For Debit Card Payment In A Foreign Currency Outside The UK
    Fee For Debit Card Payment In Pounds (In both of the above cases, this fee only applies where the payment is to a supplier based outside the UK)
    2.75% of transaction value, min £1.50

    Limits

    CashInternational purchases
    Debit Mastercard® Online Contactless£350 per day£5,000 per day
    Debit Mastercard Online Non-Contactless£350 per day£5,000 per day
    Debit Mastercard Contactless£500 per day£10,000 per day
    If you are unsure as to your debit card type (limits), please refer to your card carrier or branch.

    Daily cash limits apply to withdrawals in the UK or abroad. Higher cash amounts may be available over a bank counter. International purchase limits apply if a card is used outside the UK. Other limits may apply to certain types of transactions from time-to-time.

    Collections department

    If we need to involve our collections department you must pay us for all reasonable costs and expenses which we incur as a result. These could include any costs incurred by us on correspondence or taking steps to trace you or recover money you owe (including legal costs). Further details are available on request from your branch.


    Download your account tariff

    You can also download your account tariff:

  • Glossary of Terms

    From the 31st October 2018, some new regulation is coming your way for Payment Accounts. It’s all about making the information you are given on fees for key services on Current Account(s) more consistent between banks. This involves the standardisation of terms used as well as their definitions. You can also view our Glossary of Terms, which will let you know what the change is to each term or phrase.

    Fee Information Documents for Current Accounts

    These documents inform you about the fees for using the main services linked to the payment account. It will help you to compare these fees with those of other accounts.

    Current Accounts

    B Current Account

    Current Account Control

    Current Account Direct - No longer on sale

    Current Account Plus - No longer on sale

    Readycash Account

    Signature Current Account

    Student Account - No longer on sale

    Current Accounts Mortgages

    Flexible Repay Account - No longer on sale

    Rapid Repay Account - No longer on sale


Explanations are based on current understanding of UK taxation. Tax treatment is subject to future change.

*Gross rate. Gross rate interest is the interest payable without taking account of any tax payable. If you earn interest over your Personal Savings Allowance you will be required to pay any tax due yourself directly to HM Revenue and Customs. If you would like to read more about your Personal Savings Allowance, please visit the Government website www.gov.uk.

++AER. The Annual Equivalent Rate illustrates what the interest rate would be if interest was paid and compounded once each year.

†EAR (Effective Annual Rate). The Effective Annual Rate is used to express the cost of borrowing on current accounts. The EAR takes account of the rate of interest charged, the frequency it is levied to accounts and compounding of interest. It does not include overdraft fees and is variable.

Important information about compensation arrangements.

Your eligible deposits with Clydesdale Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.

This limit is applied to the total of any deposits you have with Clydesdale Bank, Yorkshire Bank and B. Any total deposits you hold between these brands above this limit are unlikely to be covered.

Please see FSCS leaflet(PDF, opens in a new window) download for further information or visit www.fscs.org.uk (opens in a new window)