Following the Bank of England’s decision on 8th May to reduce the base rate of interest by 0.25% to 4.25%, we will be reducing interest rates across our range of variable rate savings accounts by 0.25%. These changes will come into effect on 5th June. Members with fixed rate savings accounts will see no changes to their interest rate.
We understand that members may have questions about interest rates, or want to understand what the latest changes mean for their money. We're committed to offering good value to members, and providing the highest levels of customer service online, and on the high street. If you would like to discuss your savings please visit your friendly team in branch, or call us on 0345 734 4345, lines are open Monday to Friday 8am - 6pm.
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. The full list of variable rate savings products and interest rates is available on our interest rates page.