Bank of England Base Rate change

It depends on the type of account you have with us:

Fixed - Your account won’t be affected because the interest rate is set for an agreed length of time.

Variable – On 1 July 2022, most of our variable savings accounts will increase by up to 0.21%. You can find out if your account will be affected here.

Our savings rates are not linked to the Bank of England Base Rate but it’s one of the factors we take into consideration when we review our rates. We’re committed to offering you great long-term value and ensure we offer the best rates we can.

To find out the interest rate you’re currently receiving on your account:

• Log into Online Services (if you're registered) and select your account. Your interest rate is displayed on the 'My actions' page.
• Look at our range of accounts. If your account is no longer available to new customers, you’ll find it listed under closed accounts.
• Contact us.

 

Whenever we list an interest rate, we always state whether it’s fixed or variable.

You can check to see if your rate is increasing on 1 July 2022. If the rate on your account is due to change, we will contact you by 30 June 2022.

We continually review our rates and monitor market movement to make sure we offer great long-term value to our members. We'll update our website and will be in touch with you if there are any changes.