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What is a packaged bank account?

02nd March 2022

Are you making the most out of your bank account? Sometimes changing bank accounts is the last thing we think about because it might seem like a hassle to make all the arrangements. However, if you were to compare all the different types of bank accounts you might find that there’s an option that better fits your circumstances and could potentially save you money.

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WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

How much would you like to borrow:

£150
£750
How long would you like it for?
3 months
6 months

Your monthly repayments are:

1
£
2
£
3
£
4
£
5
£
6
£
Total amount to be repaid:
£  
Annual percentage rate:
  % APR

Representative Example: £180 loan for 3 months at a fixed interest rate of 290% pa. Total amount payable is £261.51 in monthly instalments of £98.61, £88.60 and £74.30. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.6% APR


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