We have reduced our Standard Variable Rate, Privilege Rate and Base Rate Trackers by 0.50% with effect from 1 April 2020.
On 19 March 2020 the Bank of England announced the reduction of the base rate by a further 0.15%. In line with this we reduced our Base Rate Trackers by the same 0.15% effective from 1 May 2020.
We give at least 5 working days notice of any changes in payments.
Our rates have changed
In response to both Bank of England Base Rate announcements on Wednesday 11 March and Thursday 19 March 2020, we've reduced some of our variable rate savings accounts by up to 0.65%.
Depending on which account you hold, these changes will take effect between 4 - 26 May 2020.
We will continue to review the rates paid on all variable rate savings accounts.
We've contacted you
We got in touch with you on 27 March 2020, between 20 - 23 April 2020 or on 12 May 2020, to let you know of the changes being made to your rate(s).