On 6th February 2025, the Bank of England reduced the Bank Base Rate from 4.75% to 4.50%, a reduction of 0.25%.
Whilst our variable rate accounts are not directly linked to the Bank Base Rate, we are impacted by this change and have reviewed the rates payable on our mortgage and savings products. We have made the decision to reduce all variable savings rates by between 0.15% and 0.25%, and to reduce all mortgage rates by 0.2%.
The changes will take effect from 1st March 2025 for savers and 1st April 2025 for borrowers. Our mortgage terms and conditions require that we give at least 30 days’ notice to borrowers of all rate changes, and so it takes a little longer to implement these.
Impacted, eligible members will receive a personal notification of the change this month.
Please find below all the changes to our saver’s accounts. Please note, this list contains all accounts the Society has including closed issue.
| Account Name | Gross/AER % previous rate as of 01/12/2024 | Gross/AER % from 01/03/2025 | Interest rate change |
|---|---|---|---|
| Pullman Annual Interest | 2.90% | 2.65% | -0.25% |
| Pullman Monthly Interest | 2.90% | 2.65% | -0.25% |
| Corporate Pullman | 2.80% | 2.55% | -0.25% |
| Client Account | 2.65% | 2.40% | -0.25% |
| First Track (Children) | 3.35% | 3.10% | -0.25% |
| Pullman Triple Access | 3.35% | 3.10% | -0.25% |
| ISA | 3.25% | 3.00% | -0.25% |
| Junior ISA (Children) | 4.50% | 4.35% | -0.15% |
| Cash ISA 60 Day Notice (Closed Issue) | 4.75% | 4.60% | -0.15% |
| Cash ISA 45 Day Notice | 4.00% | 3.75% | -0.25% |
| Black & White Affinity | 2.85% | 2.60% | -0.25% |
| Support Staffordshire Affinity | 2.85% | 2.60% | -0.25% |
| World Land Trust Affinity | 2.85% | 2.60% | -0.25% |
| Katharine House Savings | 2.85% | 2.60% | -0.25% |
| Black & Amber Affinity | 2.85% | 2.60% | -0.25% |
| 60 Day Notice | 3.55% | 3.30% | -0.25% |
| 35 Day Notice | 3.35% | 3.10% | -0.25% |
| 90 Day Notice | 4.40% | 4.15% | -0.25% |
| 120 Day Notice | 4.85% | 4.70% | -0.15% |
| Notice 120 Monthly Interest | 4.85% | 4.70% | -0.15% |
| Regular Saver – Issue 1 | 4.90% | 4.75% | -0.15% |
