Personal current account rates
Personal current account overdraft rates correct as at 4 August 2023.
| Current | ||
|---|---|---|
| % | AER % | |
| Clear accounts | ||
| Arranged/Unarranged overdraft | 34.25 | 40.17 |
| Student account | ||
| Arranged/Unarranged overdraft | 0.00 | |
| Graduate Current account | ||
| Arranged/Unarranged overdraft limit related to how long you were in full time 3rd level education. | 0.00 | |
| Intercalated and elective borrowing | ||
| Arranged/Unarranged overdraft | 6.25 | 6.43 |
| IPLS borrowing | ||
| Arranged/Unarranged overdraft | 6.75 | 6.96 |
| Graduate Medical School Borrowing | ||
| Arranged/Unarranged overdraft | 6.50 | 6.70 |
Accounts no longer on sale (but may be held by existing customers )
| Current | |||
|---|---|---|---|
| % | AER % | ||
| Personal account for solicitors | |||
| Arranged/Unarranged overdraft | 5.25% plus agreed margin | ||
| Gold Card account | |||
| Arranged/Unarranged overdraft | 7.5 | 8.03 | |
| Current accounts that do not pay interest | |||
| Arranged/Unarranged overdraft | 34.25 | 40.17 | |
| Graduate Current Account | |||
| Arranged/Unarranged overdraft limit related to your income (accounts held before 25 October 22) |
12.25 | 12.96 | |
Rates of interest that we pay you, correct as at 17th December 2022
| Current | |
|---|---|
| Gross / AER % | |
| Student account £1+ |
0.50 |
| Student account (11-19) £1+ |
0.10 |
| Accounts no longer available | |
| Money Mover £1+ |
0.10 |
What is AER?
AER stands for Annual Equivalent Rate. This is what the interest rate would be if we paid it yearly.
Gross rates are variable. Interest is paid gross, without the deduction of tax.
Interest rates may vary from time to time. Interest will be paid gross without the deduction of tax.
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.
Bank of Ireland UK Base Rate 5.25% correct as at 4 August 2023.
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.