MoneySavingExpert

Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here’s what’s happening and full help

If you’re a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you’re charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a “few” will pay more.