May 2023 Bank of England Base Rate Changes

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The Bank of England has announced a 0.25% increase in its base rate from 4.25% to 4.50% with immediate effect.

Following today’s announcement, we’re pleased to update you on our products –


  • We will increase savings rates for our on-sale savings accounts.
  • We will increase savings rates on all Cash ISAs.



  • No change to standard variable rate or variable rates.


We’ll provide further details about these changes in due course.

Published: 11 May 2023

Author: Laura Baines