Bank of England Changes Base Rate
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