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Bank Of England Base Rate Increase

The Bank of England Base Rate was increased by 0.25% to 0.50% on 02 November 2017.

What this will mean for our customers:

Borrowers

Our variable rate loans are directly linked to the Bank of England Base Rate, and the full Base Rate increase of 0.25% was automatically applied to these loans from 2 November 2017.  We have sent you a letter advising of your new loan payment amount.  If you have any queries please call our team on 0344 225 3800* or email [email protected].

Savers

We will be passing on the full Bank of England Base Rate increase of 0.25% to our existing variable rate Business Charity & Trust savings customers, with the new interest rate applied from the 01 December 2017. We will email or write to you shortly.  Fixed Rate Products are unaffected.  If you have any queries please call our savings team on 0344 225 3939* or email [email protected].

 *Calls to 03 numbers will cost you no more than a national rate call to 01 or 02 numbers and are part of any free minutes on your call plan. This applies to any type of line, including mobile, fixed lines or payphones.