May 2023 Bank of England Base Rate Changes

The Bank of England has announced a 0.25% increase in its base rate from 4.25% to 4.50% with immediate effect.

Following today’s announcement, we’re pleased to update you on our products –

Savings

• We will increase savings rates for our on-sale savings accounts.
• We will increase savings rates on all Cash ISAs.

Mortgages

• No change to standard variable rate or variable rates.

We’ll provide further details about these changes in due course.