Lloyds, Halifax and Bank of Scotland to charge overdraft rate of up to 49.9%
(The Guardian Money News)

Rate is highest announced to date, as group responds to City watchdog ban on excessive feesMillions of Lloyds, Halifax and Bank of Scotland customers will be charged overdraft interest rates of up to 49.9% from April and those with a poor credit history are likely to pay the most.Lloyds Banking Group - which owns all three brands and has 22 million current account customers - is the biggest bank so far to overhaul its overdraft costs in response to a ban on excessive fees demanded last year by the City regulator. Continue reading...