Following last week’s base rate reduction to 0.25%, the Bank of England on 19 March 2020, confirmed a further decrease to 0.1%.
We are currently reviewing the implications of these interest rate reductions before deciding what changes we should make to our rates for both borrowers and savers.
What do I need to do?
Nothing for the moment. Once the Society has considered its own position, we will let you know.
In the meantime, if you have any questions or concerns, please do not hesitate to contact your local branch team or check our updates on our website at www.leekunited.co.uk.
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