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Bank of England changes base rate

Bank of England changes base rate

On Thursday 19 March, the Bank of England announced a further 0.15% decrease in its base rate from 0.25% to 0.1% with immediate effect.

This follows the reduction the Bank made on Wednesday 11 March.

We are currently working through what this change means for our savers and borrowers and will provide further information as soon as it becomes available.

Published: 20 March 2020

Author: Chris Meadows

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Your eligible deposits with Ecology Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Download the FSCS leaflet for further details or visit www.fscs.org.uk | FSCS Information Sheet

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Bank of England changes base rate

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