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Date published: 5 May 2022

Read time: 2 minutes

Update as of 26th May 2022

Following the decision made by the Bank of England in May 2022 to increase the base rate of interest by 0.25% to 1.00%, we have reviewed our savings and mortgage rates.

Any member with a savings or mortgage product directly linked to the base rate will have seen their rate increase automatically in accordance with the terms and conditions of their product.

In addition, we are pleased to confirm we will apply a further rate increase of up to 0.25% on all current issue variable rate savings products and selected closed issue variable rate savings products, including our Community Saver products, Children’s products, the Cash Lifetime ISA and Help to Buy: ISA.

The changes will take effect from 1 June 2022, and you can check our current savings rates here or call into your local branch for more information.

Previous update - 5th May 2022

Following the Bank of England's decision on 5th May to increase the base rate of interest by 0.25% to 1.00%, we are in the process of reviewing our savings and mortgage rates.

Members with savings or mortgage accounts that are directly linked to the Bank of England base rate will see their rates change in accordance with their account terms and conditions.