Overdraft Rates at record high

Extract . . .

“Bank and building society customers faced interest rates of an average of 19.1pc if their accounts became overdrawn. Meanwhile, credit card rates remain high despite the sustained low base rate of 0.5pc for a record 19 months.
Moneyfacts, the independent savings analyst, identified a pattern of lenders setting current accounts with long interest- free credit periods to attract customers. But these are offset by elevated interest rates which later affect .”

Linkhttp://www.telegraph.co.uk/finance/personalfinance/borrowing/creditcards/7992419/Overdraft-Rates-at-record-high.html