Bank of England Base Rate Increase

The Bank of England has increased the Base Rate by 0.25% to 4.00%, effective 5 November 2026.

What this means for you

Savings

• Members with savings accounts that are directly linked to the Bank of England Base Rate will see their interest rates change in accordance with their account terms and conditions.
• Fixed rate savings accounts are not affected and will remain unchanged.
• We are currently reviewing our variable savings rates. Our full list of current variable savings rates.

If you would like to contact us

You can visit one of our local branches or call us on 0345 734 4345. 

^{Our lines are open Monday to Friday 8am to 6pm.}

Mortgages

• Bank of England tracker mortgage rates will increase automatically in line with their terms and conditions. The interest rate will change within 14 days of the announcement.
• Fixed rate mortgages are not affected and will remain unchanged.
• We are currently reviewing our Standard Variable Rate, which is currently 6.31%. If your mortgage payment changes, we'll write to you to confirm your new interest rate and monthly payment.

We're here to help

If you have any questions or concerns about your mortgage account, please call us on 0345 601 0014. 

^{Our lines are open Monday to Friday, 9am to 5pm.}