June 2023 Bank of England Changes Base Rate

News Ecology Building Society sustainable mortgages and savings logo 2

The Bank of England has announced a 0.50% increase in its base rate from 4.50% to 5.00% with immediate effect.​

Following today’s announcement, we’re reviewing our savings and mortgage rates and will provide further information soon.​

We continue to keep interest rates under review against the backdrop of the current changing economic environment. We try to balance the needs of our savers and borrowers as we pursue our mission to build a greener society.​

When you save with Ecology you can be confident that your money has a real impact through supporting energy efficient buildings and sustainable communities.​

You can read about some of the projects supported by the money you save and our award-winning support for community-led housing at ecology.co.uk/projects.

Published: 22 June 2023

Author: Laura Baines

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