Club Lloyds overdraft: the real cost
The third-cheapest overdraft on the board right now.
What 30 days overdrawn costs
| Amount overdrawn | Cost over 30 days |
|---|---|
| £100 | £0.00 |
| £250 | −£3.26 |
| £500 | −£8.69 |
29.9% EAR · First £100 interest-free
How the £250 figure is worked out
- Amount charged interest (£250 − £100 interest-free)
- £150
- Daily rate from 29.9% EAR
- 0.0717%
- Cost over 30 days
- −£3.26
#3 of 15 cheapest at £250 · cheapest right now: First Direct →
Rate history
- 28 August 2026 · interest-free amount £0 → £100
- 28 August 2026 · EAR 27.5% → 29.9%
Sources
- Club Lloyds’s published overdraft rate page · checked 28 August 2026
Common questions
How much does the Club Lloyds overdraft cost?
At £250 overdrawn for 30 days, Club Lloyds charges −£3.26 at its advertised 29.9% EAR, after the first £100 interest-free. At £100 it’s £0.00; at £500, −£8.69.
Does Club Lloyds have an interest-free buffer?
Yes. The first £100 of an arranged overdraft is interest-free, and interest applies only above that.
Is Club Lloyds the cheapest overdraft?
Not at £250 overdrawn: it ranks #3 of 15. The cheapest right now is First Direct. The full leaderboard has every bank.