Overdraft rates hit all-time high as interest-free buffers will soon disappear
Borrowers relying on £500 overdraft buffers will be stung when they vanish as Bank of England finds rates for going into the red are at a record high Overdraft rates have more than doubled since March to 22.52% Banks were required to lower customers’ borrowing costs for 3 months Regulators gave them the green light … Read more
