August 2024 Bank of England Base Rate Change

On Thursday, 1 August, the Bank of England announced a 0.25% decrease in its base rate from 5.25% to 5.00%.

Following this announcement, we’re working through what this change means for our savers and borrowers. We’ll give further details about this soon.

We keep interest rates under review against the backdrop of the current changing economic conditions. We try to balance the needs of our savers and borrowers as we pursue our mission to build a greener society.

When you save with Ecology you can be confident that your money has a real impact. The money you save with us helps to support energy efficient buildings and sustainable communities.

Want to know more and feel inspired? Read about the projects supported by the money you save.