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Lloyds Bank - The Poorer Pay more for an Overdraft ?

Saver101101 · 2020-04-03 20:25:34

I might be reading this wrong, but if not I don’t think it’s fair. Lloyds Standard current accounts have an overdraft interest rate of 39.9% Lloyds Private Banking Current Accounts have an overdraft interest rate of (From their Web Site cost calculator): · Arranged overdraft rate 14.90% EAR · There is no interest charged…

Comments

notveryeducated Posts: 157 Forumite

8 April 2020 at 8:22PM

I'd definitely favour and treat a customer better who has £250,000 in their current/savings account or with a £750,000 mortgage than someone who has an account which has no real requirements to own, that's for sure!

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