On 8th May, the Bank of England reduced the Base Rate of interest by 0.25% to 4.25%.
Whenever Base Rate moves, either up or down, our response is to review all the relevant available information at the time to balance the needs of savers, borrowers, and the long-term sustainability of the Society.
For Savings Customers:
On 2nd June 2025, interest rates will decrease across most of our savings products, except for our 35-Day Notice Account which will reduce on the 1st July 2025.
Click here for full details of savings interest rate changes
For Mortgage Customers:
On 1st July 2025, our Standard Variable Rate will reduce by 0.15% to 7.70%.
Affected members will receive an email/letter detailing the new interest rate and monthly payments. The new monthly payment will begin on your usual payment date in July.