Rates & fees

Northern Ireland Customers

Personal current account rates

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

% EAR %
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 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

Gross / AER %
Student account
Student account (11-19)
Accounts no longer available
Money Mover

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.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. As every advertisement for a savings product which quotes an interest rate will contain an AER, it enables a customer to compare different products on a standardised basis, and the return they can expect from a savings account over time.

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.