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Interest rates and fees

Credit terms
Overdraft terms
Other important information
  • 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 0.25 0.25
    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 Current Account Control maintenance fee 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 open a Savings Account Plus 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.

    You may open a Savings Account Plus 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

    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 open a Savings Account Plus 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 Signature Current Account maintenance fee 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.
    The £13.50 monthly Signature Current Account maintenance fee applies to this account whether the account is in credit or overdrawn.

    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:

  • 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 Overdrafts.

    B Current

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Planned borrowing0.9911.8412.50
    Unplanned borrowing 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 Planned Usage Fee£6.00This fee is payable once every calendar month if you end any business day in Planned Borrowing by more than the £25.00 Planned Borrowing 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 Planned Usage Fee Grace Period.
    Monthly Planned Usage Fee Grace Period2 business days per calendar monthA grace period applies each calendar month you're overdrawn by more than the buffer amount – you’ll be given two business days each month to reduce your borrowing to below the buffer before being charged the Monthly Planned Usage Fee. You won’t be charged it if you've already been charged a Daily Unplanned Borrowing Fee that day.
    Daily Unplanned Borrowing Fee£6.00This fee is payable each business day you end the day in Unplanned Borrowing by more than the £10.00 Unplanned Borrowing 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 Unplanned Borrowing Fee Grace Period
    Daily unplanned borrowing fee grace period2 business days2 working days grace to bring your unplanned borrowing to less than the buffer amount (£10) before the fee is charged.
    Returned Item Fee£15 per itemThis fee is charged when there is not enough money in your account or agreed overdraft to make a payment and we refuse the request. We will not charge the Returned Item Fee if the value of the unpaid item is £15.00 or less. This is the Returned Item 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 Planned Usage, Daily Unplanned Borrowing and Returned Item Fees. The cap does not apply to debit interest which is charged at the rate shown in this Tariff.

    Current Account Control

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

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Planned borrowing1.4517.3918.85
    Unplanned borrowing 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 Planned Usage 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 planned borrowing buffer amount (unless that position was created by us adding fees or interest).
    The amount of theMonthly Planned Usage Fee, Monthly Maintenance Eee 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† (%)
    Planned borrowing0.799.489.90
    Unplanned borrowing 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 Planned Usage 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 planned borrowing buffer amount (unless that position was created by us adding fees or interest).
    Daily Unplanned Borrowing Fee£6.00£10.00This fee will be charged for each business day that you end the day in unplanned borrowing by more than the £10.00 unplanned borrowing buffer amount (unless that position was created by us adding fees or interest).
    Returned item fee£15.00 per item£15.00This fee will be charged when there is not enough money in your account or agreed overdraft to make a payment and we refuse the request. We will not charge the returned item fee if the value of the unpaid item is £15.00 or less. This is the returned item 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 planned usage, Daily unplanned borrowing and returned item fees. The cap does not apply to debit interest which is charged at the rate shown in this tariff.
    The amount of the Monthly Planned Usage Fee, Daily Unplanned Borrowing Fee, returned item 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.

    Current Account Plus

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Planned borrowing1.4517.3918.85
    Debit interest is calculated on the cleared debit balance on a daily basis and debited to accounts monthly in arrears.
    Unplanned borrowing 0.00 0.00 0.00
    Fee descriptionFeeBuffer amountNotes
    Monthly Planned Usage 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 planned borrowing buffer amount (unless that position was created by us adding fees or interest).
    Daily unplanned borrowing fee£6.00£10.00This fee will be charged for each business day that you end the day in unplanned borrowing by more than the £10.00 unplanned borrowing buffer amount (unless that position was created by us adding fees or interest).
    Returned item fee£15.00 per item£15.00This fee will be charged when there is not enough money in your account or agreed overdraft to make a payment and we refuse the request. We will not charge the returned item fee if the value of the unpaid item is £15.00 or less. This is the returned item 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 planned usage, daily unplanned borrowing and returned item fees. The cap does not apply to debit interest which is charged at the rate shown in this tariff.
    The amount of the Monthly Planned Usage Fee, daily unplanned borrowing fee, returned item 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.

    Flexible Repay / Rapid Repay (Off Sale Product)

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Planned borrowing interest rateThis is your mortgage rate as shown in your mortgage offer document.
    Fee descriptionFeeBuffer amountNotes
    Returned item fee£15.00 per item£15.00This fee will be charged when there is not enough money in your account or agreed overdraft to make a payment and we refuse the request. We will not charge the returned item fee if the value of the unpaid item is £15.00 or less. This is the returned item 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 returned item fees. The cap does not apply to debit interest.
    The amount of the returned item 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 overdraft facility available on this account.

    Signature Current Account

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

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Planned borrowing0.9911.8412.50
    Unplanned borrowing 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 Planned Usage 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 planned borrowing buffer amount (unless that position was created by us adding fees or interest).
    Daily Unplanned Borrowing Fee£6.00£10.00This fee will be charged for each business day that you end the day in unplanned borrowing by more than the £10.00 unplanned borrowing buffer amount (unless that position was created by us adding fees or interest).
    Returned item fee£15.00 per item£15.00This fee will be charged when there is not enough money in your account or agreed overdraft to make a payment and we refuse the request. We will not charge the returned item fee if the value of the unpaid item is £15.00 or less. This is the returned item 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 planned usage, daily unplanned borrowing and returned item fees. The cap does not apply to debit interest which is charged at the rate shown in this tariff.
    The amount of the Monthly Planned Usage Fee, Daily Unplanned Borrowing Fee, Returned Item Fees, Monthly Maintenance 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.

    Student Account (Off Sale Product)

    Overdraft ratesDebit interest rates
    Per month (%)Per annum (%)EAR† (%)
    Planned borrowing0.607.247.49
    Unplanned borrowing 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
    Returned item fee£15.00 per item£15.00This fee will be charged when there is not enough money in your account or agreed overdraft to make a payment and we refuse the request. We will not charge the returned item fee if the value of the unpaid item is £15.00 or less. This is the returned item 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 returned item fees. The cap does not apply to debit interest which is charged at the rate shown in this tariff.
    The amount of the returned item 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.

    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
    Stopped cheque£10.00 per cheque

    Inward foreign payments

    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

    Charge
    Foreign cash fee3.75% of transaction value, min £1.50
    Foreign purchase fee2.75% of transaction value, min £1.50
    These fees apply if you use a card where the card transaction is made using an ATM or supplier based overseas in any currency including sterling.

    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
    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:


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. From 6th April 2016 we will no longer deduct tax from the interest earned on your savings, following the introduction of a Personal Savings Allowance. 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 £75,000 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)