Select Current Account

There’s a £5 monthly fee to maintain the account. It's paid from your account automatically each month.

The Fee Information Document details the main fees and charges on this account, including those associated with using an overdraft.

For further explanation of our main terms and services take a look at our Glossary

An overdraft lets you borrow through your current account. It’s intended mainly for short term costs or emergencies and isn’t generally suitable for longer-term borrowing. There is a cost associated with using an overdraft. The way you manage your overdraft, for example if you don’t repay your interest and charges regularly, may affect your credit file. This could make it harder or more expensive to get credit with us or other providers in the future.

Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions. We may ask you to repay all or part of your overdraft at any time but we'll try to notify you of this in advance.

An arranged overdraft is when we let you borrow up to a pre-agreed limit – you can ask for one when you open your account or at any other time.

An unarranged overdraft occurs when your account goes overdrawn without an arranged overdraft in place or if your account goes over your arranged overdraft limit.

When you try to make a payment that would take you into an unarranged overdraft, we make the decision whether to allow or reject the payment based on your individual circumstances. If we allow a payment, it will take you into an unarranged overdraft. We don’t charge fees for allowing or refusing a payment due to lack of funds.

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The table below shows you how you’ll be charged for using your overdraft. The first £500 is interest free. 
 
How does our overdraft compare? The purpose of a representative APR is to enable customers to compare the costs associated with different credit products.

If you are switching to us there’ll be no arranged overdraft interest charged for the first 4 months

You can ask for up to 3 months of temporary overdraft support if you still find yourself financially impacted by coronavirus, you can request this help until 31 October 2020. 

To find out how we can help you and to request support, please see our FAQs

If you've requested temporary overdraft support that is coming to an end and you need further support, please go to our money worries page.

If you use an arranged overdraft of £1,200 you’ll be charged an interest rate of 28.33% APR/ 39.94% EAR (variable). There are no charges on the first £500 of your overdraft. Actual credit limit may differ. There is a £5 monthly fee for maintaining the account.

We offer other current accounts with different overdraft interest rates or without the option for an overdraft facility. We  also have different borrowing options, such as credit cards, personal loans, and additional loans for our existing mortgage customers. Learn more about our borrowing options

There are other charges with this account, such as when you use your card abroad.  Please refer to the Terms and Conditions for details.

Overdrafts depend on your circumstances and you must repay any overdraft when we ask in line with our General Terms and Conditions.

You’ll be automatically set up to receive text alerts when:

• your account makes or may make use of an unarranged overdraft
• you have regular payments due on your account and you don’t have the funds to cover them
• where a payment is refused as you don’t have enough funds.

You’ll also be automatically set up to receive an alert when your account goes further into arranged overdraft which may cause the cost to increase.

We’ll send these before your account is charged so that you have plenty of time to pay in money and either avoid or reduce overdraft charges. If we don’t have a valid mobile number for you, we might not be able to reach you.

You can also register for other account alerts to help you to stay on top of your finances. For example, alerts to advise you when your balance has fallen below a set limit, or you have had a deposit into your account greater than a set amount. 

For more information visit Account alerts

You can manage your alerts settings at any time by using Online Banking, calling us on 0800 9 123 123 or visiting a branch.

Monthly interest of 0.60 AER/gross* (variable) on balances up to £20,000.

Rates are displayed to two decimal places. Interest is calculated daily and paid monthly.

*Based on the annual gross rate of 0.598% which is equivalent to 0.60% AER.

Interest is received gross, with no income tax deducted. Take a look at our information pages to learn more

You can earn 1-3% cashback on selected household bills paid by Direct Debit every month. Cashback is paid monthly, capped at £5 per month in each of the 1%, 2% and 3% cashback categories.

Cashback is paid on Direct Debit payments made directly to the provider. If your water bill, for example, is included within your council tax bill, cashback will be paid at the rate applicable for council tax, as it isn’t possible to identify the proportion of the payment that relates to water.

Exclusions apply: cashback is not paid on TV licences, LPG/ Calor gas, maintenance contracts (e.g. boiler repair cover), other insurance contracts, commercial use or commercial mortgages.

Find out which suppliers you can earn cashback with.