6th February 2025
Our response to the Bank of England's reduction of Base Rate.
On 6th February, the Bank of England reduced the Base Rate of interest by 0.25% to 4.50%.
As a result, we will be reducing our Standard Variable Rate (SVR) on 1st April 2025 by 0.10% to 7.85%.
Darren joined the Society as CEO in December 2024, bringing over two decades of experience in the Building Society sector. He has held Executive and Board positions at other Societies, including serving as Deputy CEO at Leek Building Society.