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Bank of England increases base rate

1st June 2022

On Thursday 5 May 2022, the Bank of England announced a 0.25% increase in its base rate from 0.75% to 1.00%.

As a proud mutual building society, we’re committed to being fair to all our members and interest rates on a number of our variable rate savings accounts will be increased by up to 0.25% with effect from 13 June 2022.

Following this announcement from 5 May 2022, there will be no increase in our Standard Variable Rate for our mortgage members. This means that our Standard Variable Rate will stay at 5.69%.

SAVINGS INTEREST RATES FROM 13 JUNE 2022

 

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