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March 2023 Bank of England Changes Base Rate

March 2023 Bank of England Changes Base Rate

The Bank of England has announced a 0.25% increase in its base rate from 4.00% to 4.25% with immediate effect.

Following today’s announcement we’re reviewing our savings and mortgage rates and will provide further information in due course.

Published: 23 March 2023

Author: Chris Meadows

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Your eligible deposits with Ecology Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Download the FSCS leaflet for further details or visit www.fscs.org.uk | FSCS Information Sheet

Interest and Statements update

We’ll pay you the interest earned on your savings in 2024 (except for ISAs) by the end of the day on Thursday 2 January 2025. You’ll receive your Annual Mortgage and Savings Statements from 27 January 2025 (except for ISAs, which we’ll send in April 2025).

March 2023 Bank of England Changes Base Rate

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