Why is my rate reducing when Bank Base Rate hasn’t changed?
Your account is not directly linked to Bank of England Base Rate. Our decision to change rates has been driven by market conditions rather than any potential movement in Bank of England Base Rate. The future is uncertain and market commentators have consistently failed to forecast correctly any Base Rate change.
Our aim has always been to pay the best rate we can for as long as we can.
We are confident that even after this reduction, the rate of interest on your account will continue to compare well with similar accounts currently available elsewhere.
Please note, your account is no longer available for new customers. Our comparison tool allows you to compare the accounts we currently have available with others in the market.