MoneySavingExpert News
2020

Lloyds, Halifax and Bank of Scotland will scrap daily fees for arranged overdrafts from April and instead charge an interest rate based on customers' credit history, with most set to pay 39.9%, but some an eye-watering 49.9%. That's the highest rate we've seen from banks overhauling their overdraft fees – though most customers will actually pay less for their overdraft as a result of the changes.
22 January 2020

Santander will slash the interest paid on its popular 123 current account to just 1% and cut the cashback it offers, MoneySavingExpert.com can reveal. It's also bringing in a single overdraft interest rate of 39.9% across most accounts. We've full details and analysis below, along with answers to some of the questions you've sent us since we first published this article.
21 January 2020
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