Clear Account

The Clear Current Account has been developed to provide you with flexibility, service, reliability and the value you expect. How you manage your day-to-day banking is clearly up to you. You choose whatever option suits best and you aren’t committed to one particular route.

Clear current account rates

Your arranged overdraft rate is as below:

Arranged overdraft interest rate1

(when you stay within your agreed overdraft limit)

 APR2
34.25% 40.17%

How much does my overdraft cost in pounds and pence?

As an example, the interest cost of borrowing £500 is:

7 days 30 days 60 days
£3.28 £14.27 £28.94

The 60 day example takes into account interest charged in the first 30 days. You can use our calculator to work out how much your anticipated arranged overdraft borrowing would cost over different periods of time.

How do our overdrafts compare?

Representative example: Based on an overdraft limit of £1,200 used in full for a three month period where the variable rate of interest is currently 34.25% per annum, the total charge for credit would be £105.70.

This amount is for illustrative purposes only and the Annual Percentage Rate (APR) for comparison purposes is 40.17% APR (variable).

1 Debit Interest varies with Base Rate. On 4 August 2023 Bank of Ireland UK Base Rate was 5.25%.
2 APR stands for Annual Percentage Rate (variable). The APR is an annual percentage expressing the total charge for credit. It includes interest and any additional fees (we don’t charge additional fees). The APR allows you to compare the cost of the overdraft with other providers or other types of borrowing.