Bank Base Rate Change

Apr 17, 2020

As you may be aware, the Bank of England recently announced two reductions in the bank base rate due to coronavirus (COVID-19). We have conducted a review of our interest rates, taking into account rates in the wider market and the recent reductions in the Bank of England base rate.  

As a result, it has been necessary for the Society make changes to its rates of interest. It remains our aim to ensure our mortgage and savings accounts continue to provide members with competitively priced products for the long term benefit of all our members.   

Savings
Full details of our revised savings rates can be found here.
 
Mortgages
With effect from 1st June 2020 the following changes will apply:

•  Standard Variable Rate: Reduced from 3.45% to 2.95%
•  Buy to Let Standard Variable Rate: Reduced from 5.00% to 4.75%