Rates & fees

Northern Ireland Customers

Personal current account rates

Personal current account overdraft rates correct as at 5 October 2020.

% APR %
Clear accounts
Arranged/Unarranged overdraft 29.10 33.31
Student account
Arranged/Unarranged overdraft 0.00
Graduate Current account
Arranged/Unarranged overdraft up to limit £3,000 0
Arranged/Unarranged overdraft over limit £3,000 7.10 7.34
Intercalated and elective borrowing
Arranged/Unarranged overdraft 1.10 1.11
IPLS borrowing
Arranged/Unarranged overdraft 1.60 1.61
Accounts no longer on sale (but may be held by existing customers)
Current accounts that do not pay interest
Arranged/Unarranged overdraft 29.10 33.31


Gross / AER %
Student account


Student account (11-19)


Accounts no longer available
Money Mover



APR stands for Annual Percentage Rate (variable) – 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.

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 20 March 2020 is 0.10% 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 0.10% correct as at 5 October 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.