We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
A & L overdraft charges
mrso2b
Posts: 314 Forumite
Can someone please help me? I'm being charged 50p a day on my A & L overdraft of £1300. What percentage rate is this?
Thanks in advance.
Thanks in advance.
0
Comments
-
As far as I was aware they charge 50p per day upto a maximum of £5 per month.0
-
Ok thanks. Any idea what that equates to in interest rates? I'm so sorry but I'm rubbish at mathes and I want to do that snowball calculator thing.0
-
About 1.14% a month or 14.6% per annum according to my calculations...Total Debt Sept 2010 - £24,132.38 / Current - £0.00/ 100% paid
DFD - [STRIKE]Aug 2014[/STRIKE] 24th Aug 2012
£10 a day // Jun - £64/£300 / Jul - £133/£310 / Aug - £281/£3100 -
thanks very much mrsb0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.6K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards