Products and Services

Current Account Interest Rates

Customers are advised that the following interest rates are effective as at 9 September 2011:

Current Accounts – Business

Overdrafts Authorised Debit Balances Variable rate APR * Interest cost per €'000 per month over 1 year *** Total cost of credit ***
  9.45% 9.79% €7.88 €1,094.50
Overdrafts Unauthorised Debit Balances Variable rate APR * Interest cost per €'000 per month over 1 year **** Total cost of credit ****
  15.45% 16.37% €12.88 €1,154.50

The above accounts currently pay 0% per annum (0% AER **) on Credit Balances.
Lending criteria and Terms & Conditions apply to overdraft facilities.
Security may be required.
* APR is the 'Annual Percentage Rate'
** AER is the 'Annual Equivalent Rate'.
*** This a representative example of the APR calculation. It is based on the interest cost per month of a €1,000 overdraft over 1 year at the authorised debit balance variable rate. Debit interest is charged to your account on a quarterly basis.
**** This a representative example of the APR calculation. It is based on the interest cost per month of a €1,000 overdraft over 1 year at the unauthorised debit balance variable rate. Debit interest is charged to your account on a quarterly basis.

Warning: We may require you to avail of life assurance as a condition of an overdraft