Bank of England Base Rate Reduction
The Bank of England Base Rate was decreased by 0.50% on 11 March 2020.
What this will mean for our customers:
Borrowers
We will be passing on the full Bank of England Base Rate decrease of 0.50% on to our variable rate borrowers, with the new interest charge applied from 12 March 2020. Your next loan payment will remain unchanged and we will write to you shortly with full details including your new monthly payment amount. If you have any queries in the meantime please call our team on 0344 225 3800 or email [email protected].
Savers
We are reviewing the situation with regards to our savings rates and once we have made a decision, if there is any change to your interest rate we will email or write to you to let you know. Fixed Rate Products are unaffected. If you have any queries please call our savings team on 0344 225 3939 or email [email protected].
