Personal current account rates

Personal current account overdraft rates correct as at 20 March 2020.

% EAR %
Clear accounts
Arranged overdraft 14.10 15.05
Unarranged Overdraft* 26.20 29.46
Student account
Arranged overdraft 0.00
Unarranged overdraft* 12.0 12.68
Graduate Current account
Arranged overdraft up to limit £3,000 0
Unarranged overdraft* up to limit £3,000 12.0 12.68
Arranged overdraft over limit £3,000 7.10 7.34
Unarranged Overdraft* over limit £3,000 19.10 20.86
Intercalated and elective borrowing
Arranged overdraft 1.10 1.11
Unarranged overdraft* 13.10 13.92
IPLS borrowing
Arranged overdraft 1.60 1.61
Unarranged overdraft* 13.60 14.48
Accounts no longer on sale (but may be held by existing customers)
Current accounts that do not pay interest
Arranged overdraft 14.10 15.05
Unarranged overdraft* 26.10 29.46

Representative example: Based on an unarranged overdraft amount of £1,200 used in full for a three month period where the variable rate of interest is currently 26.10% per annum, the total charge for credit would be £80.02.

The amount is for illustrative purposes only and the Equivalent Annual Rate (EAR) for comparison purposes is 29.46% EAR (variable).

Gross / AER %
Student account


Student account (11-19)


Accounts no longer available
Money Mover



*The unarranged overdraft interest rate includes an additional 1% per month surcharge interest, subject to a minimum charge of £2.00 per month.

Equivalent Annual Rate (variable). The EAR 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.

Bank of Ireland UK Base Rate 0.10% correct as at 20 March 2020.

Debit 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.