They have also removed all other overdraft fees and charges, meaning that all customers who use their overdraft for the three months from Monday 30th March will pay less.
Speaking on the changes,
'We have taken the decision to hold interest rates on our overdrafts in order to help our personal customers during this unpredictable and unprecedented time. All of our customers, using their overdrafts, will pay less under these lower rates of interest, for any size of overdraft, for at least three months, with no other associated fees and charges during this period.'
'We are monitoring the potential impact of Coronavirus across all our customers to ensure we can support them appropriately through any period of disruption. We have a strong track record in working with our customers who are affected by disruption outside of their control'.
Disclaimer
This article is for media use only and is not a financial promotion
Current overdraft interest rates will remain in place until
Most customers will pay Representative 19.89% APR variable for that period, rather than our standard rate of Representative 39.49% APR variable.
To help customers stay in control of their finances,
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