BGN Entrepreneur

Barclays is increasing the overdraft rates on its packaged accounts by about a third, and has upped interest rates on all but one of its mainstream current accounts.
From 8 June, the Customers with the Additions Active account of Barclays will see their authorised overdraft rate rise from 9.6% to 12.9%, which will be a 30% increase. Other Additions accounts, which are closed to new customers, will also suffer the rate increase, while rates on other Barclays accounts are also set to change from 8 June. The overdraft rate on Barclays’ Higher Education Account, used by graduates, is rising from 15.6% to 19.3%, making it one of the most expensive rates charged by a High Street bank.
The Barclays Bank Account with Executive Overdraft rate will go up from 17.9% to 19.3%, the same rate that is charged on Barclays Personal Overdraft. Both the Premier Current Account and the Barclays Bank Account with Platinum Banking will charge 14.9% on overdrafts from 8 June, which is up by 2.4% and 2.9% points respectively. They are closed to new customers. Only customers with Current Account Plus get a rate cut, which is down from 17.9% to 16.9%.

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