On 7 August 2025, the Bank of England reduced the Bank Base Rate from 4.25% to 4%.
While our variable rate accounts are not directly linked to the Bank Base Rate, this change affects us. We have reviewed the rates on our mortgage and savings accounts. Some savings rates will reduce by 0.25% from 1 September 2025.
Since August 2024, the Bank Base Rate has fallen by 1.25%, from 5.25% to 4%. Over this period, rates on our savings accounts have only reduced by between 1% and 1.15% on average. We know this is a difficult time for savers, with the cost of living still high and interest rates moving. As a mutual, we work hard to limit the impact of wider economic pressures. We aim to offer fair and competitive rates wherever possible. Our focus is to help you save with confidence, even in uncertain times.
Updated rates for affected savings accounts
The table below shows the revised interest rates for affected accounts, effective from 01 September 2025.
| Account Name | Gross/AER % from 01/09/2025 | Gross/AER % previous rate as of 01/06/2025 | Interest rate change |
| Pullman Annual Interest | 2.15% | 2.40% | -0.25% |
| Pullman Monthly Interest | 2.15% | 2.40% | -0.25% |
| Pullman Triple Access | 2.60% | 2.85% | -0.25% |
| Cash ISA | 2.50% | 2.75% | -0.25% |
| World Land Trust Affinity | 2.10% | 2.35% | -0.25% |
| Black & White Affinity | 2.10% | 2.35% | -0.25% |
| Black & Amber Affinity | 2.10% | 2.35% | -0.25% |
| Katharine House Hospice Affinity | 2.10% | 2.35% | -0.25% |
| Support Staffordshire Affinity | 2.10% | 2.35% | -0.25% |
| First Track (Children) | 2.60% | 2.85% | -0.25% |
| Corporate Pullman | 2.05% | 2.30% | -0.25% |
| Client Account | 1.90% | 2.15% | -0.25% |
All other savings accounts accounts will not be affected by the Bank of England Base Rate change.
All variable mortgage rates will reduce by 0.15% from 1 October 2025.
Eligible members affected by these changes will receive a personal notification this month.
