Moneyfacts.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfacts.co.uk will always be from news@moneyfacts-news.co.uk. Be Scamsmart.
EAR is short for equivalent annual rate, which is the interest rate you are charged if you go overdrawn on your current account.
EAR is a representative interest rate that shows the rate you would pay if you remained overdrawn for a year. It is determined by:
Bear in mind that the equivalent annual rate doesn't take into account any other account fees, which you may also be charged, such as an account fee.
However, all overdraft providers must now also publish an Annual Percentage Rate (APR) which does include some other fees. You can now use the APR to compare overdraft rates more fully. You will see an APR on all advertising for current accounts, including websites.
You may also be interested in learning how current account overdrafts work or how to stay overdraft free.
Weekend Moneyfacts is available free by email to all Moneyfacts.co.uk users.
Send me Weekend Moneyfacts, Savers Friend and selected third-party offers.
Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
The Moneyfacts annual home insurance ratings are out now. Find out which home insurance providers got 5 stars.
The Moneyfacts annual home insurance ratings are out now. Find out which home insurance providers got 5 stars.
Overdrafts are a form of borrowing from your bank or building society, and they can be expensive, so it's important to compare the interest rate.
Overdrafts are a form of borrowing from your bank or building society, and they can be expensive, so it's important to compare the interest rate.
A standing order is a way of setting up a regular, fixed payment from your bank account. Read the Moneyfacts guide to find out more about standing orders.
A standing order is a way of setting up a regular, fixed payment from your bank account. Read the Moneyfacts guide to find out more about standing orders.
A Direct Debit is where money is automatically taken from your bank account by the company you are paying, according to your instructions.
A Direct Debit is where money is automatically taken from your bank account by the company you are paying, according to your instructions.
The Moneyfacts annual home insurance ratings are out now. Find out which home insurance providers got 5 stars.
The Moneyfacts annual home insurance ratings are out now. Find out which home insurance providers got 5 stars.
Overdrafts are a form of borrowing from your bank or building society, and they can be expensive, so it's important to compare the interest rate.
Overdrafts are a form of borrowing from your bank or building society, and they can be expensive, so it's important to compare the interest rate.
A standing order is a way of setting up a regular, fixed payment from your bank account. Read the Moneyfacts guide to find out more about standing orders.
A standing order is a way of setting up a regular, fixed payment from your bank account. Read the Moneyfacts guide to find out more about standing orders.
A Direct Debit is where money is automatically taken from your bank account by the company you are paying, according to your instructions.
A Direct Debit is where money is automatically taken from your bank account by the company you are paying, according to your instructions.
Moneyfacts.co.uk will, like most other websites, place cookies onto your device. This includes tracking cookies.
I accept. Read our Cookie Policy