Bank Base Rate Change
You may already be aware that The Bank of England base rate has increased from 0.1% to 0.25%.
For our mortgage members, our Standard Variable Rate will remain at 4.99%. Your mortgage rate and payments will not be affected by the bank base rate change unless you are on a product that tracks the Bank of England base rate. If you are on a mortgage product that tracks the Bank of England base rate, we will write to you to let you know how you have been affected.
For our savings members, we are dedicated to ensuring that our savings rates remain competitive within the market. We are not planning changes to our savings rates at this time, but we will continue to monitor changes within the market, and amend rates if necessary to ensure we remain competitive.
We thank you for your continued support.