Summary
The key figures to check when pricing an overdraft are the effective annual rate (EAR) and the fee. Another consideration is the interest-free overdraft buffer that some lenders offer. This is an additional margin over and above your agreed overdraft that a bank allows before applying unauthorised overdraft fees or interest.
Source: MONEYFACTS moneyfacts.co. ukSee the full content of this document
Extract
Overdraft Selection
Account Authorised Unauthorised Int-free name EAR Fee EAR Fee buffer Abbey Current...
See the full content of this document
Sponsored links
