O/d interest rates

[Still Farming]

Will All banks cut their O/D rates as well as today base rate cuts???
Don't hold our breath possibly???

 

[nelly55]

considering Lloyds are putting O/d secured up to 6.2% over base ,Bank of England man needs to start asking questions with lloyds

 

[Still Farming]

considering Lloyds are putting O/d secured up to 6.2% over base ,Bank of England man needs to start asking questions with lloyds

HSBC up To nearly 40%

 

[nelly55]

That’s if you go over limited surely

 

[yellow belly]

Overdraft should be for short term under 9 months under 2 months use a credit card
longer finances should be machine specific or a loan 1 arrangement fee

this used to be the case but over draft has been the cheapest money for a few decades now that has changed

 

[Bossfarmer]

so how much interest on an interest only loan now that rates have been cut?