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Nationwide is increasing the rate on its overdrafts for the third time in a year.
The Telegraph reports that Nationwide is bumping up its rate on overdrafts for the third time in a year. A year ago, Nationwide's overdraft rate was 9.9%. Now the rate is rising to 18.9%.
Not a great move, Nationwide.
| Provider & account name | Credit rate (AER) Based on £1 |
Overdraft rate Based on £1 |
Apply now |
|---|---|---|---|
Santander 123 Current Account |
0.0%† | 0% plus £1.00 per day usage fee | Apply |
first direct 1st Account |
N/A | 15.9% EAR | Apply |
Halifax Reward Current Account |
N/A | 0% plus £2.00 per day usage fee | Apply |
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