Overdraft support for personal current account customers
To support our customers who are using an arranged overdraft during these difficult times, we are making two important temporary concessions from 4 April 2020. These include:
- waiving the interest on the first £500 of an arranged overdraft; and
- delaying the introduction of the increased overdraft interest rate of 35.9%, which was due to come into effect on 4 April.
Both of these concessions are applied automatically and will end on 4 August 2020 when the normal account terms and conditions will resume. This will mean that the annual interest rate applied to overdrafts until that time will continue to be 18.9% (or 15.9% for Privilege & Privilege Premier and 9.9% for student accounts).
Overdraft calculator
This tool will help you to understand what you’ll be charged when you use an overdraft. We’ll calculate how much interest you might pay on an arranged and/or unarranged overdraft.

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Financial Services Compensation Scheme
Your eligible deposits with The Co‑operative Bank plc are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: The Co‑operative Bank, Britannia and smile. Any total deposits you hold above the limit between these brands are unlikely to be covered. Please click here for further information or visit www.fscs.org.ukContact us
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