Bank of England Base Rate change
The Bank of England (BOE) decreased the base rate from 4.25% to 4.00% on 7 August 2025.
Savings
Variable rate savings accounts
We’ll be reducing the rates on most of our savings accounts on 2 October 2025. We'll have no variable rate savings account paying less than 2.35% AER.
You can find your new interest rate here. We’ll write to you if you’re affected.
Fixed rate savings accounts
Mortgages
Good news for tracker mortgages
We reduced the rate on our tracker mortgages by 0.25% on 14 September 2025. We wrote to you if you were affected.
Tracker mortgage payments won't change until March 26, unless you contact us.
If you want your payments to be recalculated sooner, you can request a payment recalculation online.
If you want to contact us, please call us on 0345 1200 100*. Our lines can become very busy during rate change periods.
If you're worried about paying your mortgage now or in the future, find out how we can help.
Standard Variable Rate (SVR) mortgages
We reduced our SVR from 7.24% to 6.99% on 21 September 2025. We wrote to you if you were affected.
If you're worried about paying your mortgage now or in the future, find out how we can help.