diff --git a/app/__init__.py b/app/__init__.py
index 9785d5847..1bae233cd 100644
--- a/app/__init__.py
+++ b/app/__init__.py
@@ -521,6 +521,13 @@ def nl2br(value):
     return ''
 
 
+def format_number_in_pounds_as_currency(number):
+    if number >= 1:
+        return f"£{number:,.2f}"
+
+    return f"{number * 100:.0f}p"
+
+
 @login_manager.user_loader
 def load_user(user_id):
     return User.from_id(user_id)
@@ -798,6 +805,7 @@ def add_template_filters(application):
         format_notification_status_as_time,
         format_notification_status_as_field_status,
         format_notification_status_as_url,
+        format_number_in_pounds_as_currency,
         formatters.formatted_list,
         nl2br,
         format_phone_number_human_readable,
diff --git a/app/main/views/dashboard.py b/app/main/views/dashboard.py
index d169de9d2..a634f1a0e 100644
--- a/app/main/views/dashboard.py
+++ b/app/main/views/dashboard.py
@@ -456,7 +456,7 @@ def format_letter_details_for_month(letter_units_for_month):
 
         letter_details = LetterDetails(
             billing_units=sum(x['billing_units'] for x in rate_group),
-            rate=format_letter_rate(rate_group[0]['rate']),
+            rate=rate_group[0]['rate'],
             cost=(sum(x['billing_units'] for x in rate_group) * rate_group[0]['rate']),
             postage_description=rate_group[0]['postage']
         )
@@ -472,13 +472,6 @@ def get_postage_description(postage):
     return 'international'
 
 
-def format_letter_rate(number):
-    if number >= 1:
-        return f"£{number:,.2f}"
-
-    return f"{number * 100:.0f}p"
-
-
 def get_free_paid_breakdown_for_month(
     free_sms_fragment_limit,
     cumulative,
diff --git a/app/templates/views/usage.html b/app/templates/views/usage.html
index a78c10f79..4b7491be4 100644
--- a/app/templates/views/usage.html
+++ b/app/templates/views/usage.html
@@ -110,7 +110,7 @@
               {% for letter in month.letters%}
                 {% if letter.billing_units %}
                   <li class="tabular-numbers">{{ "{:,} {}".format(letter.billing_units, letter.postage_description) }} {{ message_count_label(letter.billing_units, 'letter', '') }}at
-                  {{ letter.rate }}</li>
+                  {{ letter.rate | format_number_in_pounds_as_currency }}</li>
                 {% endif %}
               {% endfor %}
               {% if not (month.free or month.paid or month.letters) %}
diff --git a/tests/app/main/test_formatters.py b/tests/app/main/test_formatters.py
index 5ef5c28da..8e0198ee2 100644
--- a/tests/app/main/test_formatters.py
+++ b/tests/app/main/test_formatters.py
@@ -3,7 +3,10 @@ from functools import partial
 import pytest
 from flask import url_for
 
-from app import format_notification_status_as_url
+from app import (
+    format_notification_status_as_url,
+    format_number_in_pounds_as_currency,
+)
 
 
 @pytest.mark.parametrize('status, notification_type, expected', (
@@ -33,3 +36,19 @@ def test_format_notification_status_as_url(
     assert format_notification_status_as_url(
         status, notification_type
     ) == expected()
+
+
+@pytest.mark.parametrize('input_number, formatted_number', [
+    (0, '0p'),
+    (0.01, '1p'),
+    (0.5, '50p'),
+    (1, '£1.00'),
+    (1.01, '£1.01'),
+    (1.006, '£1.01'),
+    (5.25, '£5.25'),
+    (5.7, '£5.70'),
+    (381, '£381.00'),
+    (144820, '£144,820.00'),
+])
+def test_format_number_in_pounds_as_currency(input_number, formatted_number):
+    assert format_number_in_pounds_as_currency(input_number) == formatted_number