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Changes to interest rates following the decrease in the Bank of England base rate

21st April 2020

Following the decreases to the Bank of England base rate on 11 and 19 March from 0.75% to 0.10%, we’ve reviewed our variable interest rates and are making some changes.

You can find information on what the rates will be changing to and on what date in the interest rate tables relevant to each account, or on each relevant product page on the website.

Customers will be notified of changes in line with their Terms and Conditions.

For all accounts where the rate of interest tracks the Bank of England base rate, we reduced the interest paid from 0.75% to 0.10% on 1 April 2020.