Overdraft Interest Rates | Temporary reduction | Ulster Bank

What is the temporary reduced interest rate for my overdraft?

 

Select your account below to show a comparison between the temporary reduced interest rate we will apply to your overdraft on any borrowing above your interest free amount for 3 months and the standard contractual rate for your account. 

It’s important to remember that after the 3-month period ends, we’ll start to charge interest at your contractual rate on the full overdrawn balance. 

Accordion

Icon expand Current

Reduced interest rate Standard contractual rate
19.89% 39.49%

Rates provided as Effective Annual Rates (EAR). EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Accordion

Icon expand Ufirst Gold

Reduced interest rate Standard contractual rate
19.89% 39.49%

Rates provided as Effective Annual Rates (EAR). EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Accordion

Icon expand Ufirst Private

Reduced interest rate Planned interest rate
14.89% 19.49%

Rates provided as Effective Annual Rates (EAR). EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Accordion

Icon expand Private Current

Reduced interest rate Planned interest rate
19.49% 19.49%

Rates provided as Effective Annual Rates (EAR). EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Accordion

Icon expand Student Account

Reduced interest rate Planned interest rate
0.00% 0.00%

Student Overdrafts will not change and will still benefit from Interest Free Buffer as well as 0% interest. 

Rates provided as Effective Annual Rates (EAR). EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

Accordion

Icon expand Graduate Account

Reduced interest rate Planned interest rate
0.00% 39.49%

Interest will only be charged on any borrowing above the interest free buffer in place for Graduate accounts. 

Rates provided as Effective Annual Rates (EAR). EAR shows the rate of interest that you’ll pay on your overdraft over a year and is compounded – this means we charge interest each month on your balance and this will include any interest which has already been added to your account from previous months.

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