Rates & fees

The information detailed in this section is for existing customers only. These products are not available to new customers.

Current account rates


Personal current account overdraft rates correct as at 4 August 2023.

% EAR %
Clear accounts
Arranged/Unarranged overdraft 34.25 40.17

Business current account overdraft rates correct as at 4 August 2023.

% EAR %
Standard business overdraft rate 10.55 10.97
Unauthorised overdraft rate
(plus surcharge rate of 1.25% per month, subject to a minimum surcharge of £2)
16.00 16.99

EAR stands for Equivalent Annual Rate (variable) and is an illustrative interest rate calculated on the assumption that any overdraft interest charged is added to the overdraft balance at the time and then the next interest charge will be based on that slightly higher overdraft balance. This rate assumes that interest is charged monthly and compounded 12 times in a year.

Our overdraft interest rates are made of two parts: the Bank of Ireland UK base rate which from 4 August 2023 is 5.25% and a margin rate.  The interest rate is variable and will change if either part changes. We publish our base rate on our website, in our branches and on your account statement. Any changes to the base rate or any decrease in the margin rate will normally take effect immediately. If we increase the margin rate we’ll give you 60 days’ notice.

Overdraft Interest varies with Base Rate

Overdrafts are payable on demand.

Full account conditions and details of when interest is charged are available from any Bank of Ireland UK branch or by contacting our Customer Services on 0345 6016 157.*

* Calls to 03 numbers cost the same as calls to 01 or 02 numbers and they are included in inclusive minutes and discount schemes in the same way. Call costs may vary dependent upon your service provider.