Current Accounts – Cheapest Authorised Overdraft

Below are the cheapest authorised overdraft current accounts (updated 11.12.2017)

Bank Account Overdraft Tariff Annual Cost*
First Direct – 1st Account Interest at 15.9% EAR (first £250 interest free) £12.81
M&S Bank Interest at 15.9% EAR (first £100 interest free) £18.30
Post Office Interest at 14.9% EAR £20.57
Metro Bank Interest at 15.0% EAR £20.71
HSBC Advance Interest at 17.9% EAR £24.72
Nationwide Building Society – FlexAccount Interest at 18.9% EAR £26.10
Tesco Bank – Current Account Interest at 18.9% EAR £26.10
*£600 overdrawn 7 days per month.

The data published on the website is intended to supply you with information only and is not intended to provide you with financial advice as to the most suitable product for your own personal circumstances and requirements. Whilst we try to update rates regularly we cannot guarantee their accuracy. Please always do your own research when considering your personal finance.

Warning: Late repayment can cause you serious money problems. For help, go to