On 6 February the Bank of England base rate went down from 4.75% to 4.50%.
Mortgages
All our mortgage products linked to the base rate will go down by 0.25% from 3 March. This includes the Follow-on Rate, which will go down by 0.25% to 7.75%.
The Standard Variable Rate (SVR) will go down by 0.25% to 6.75% from 3 March.
Savings, current accounts and business customers
We’re decreasing interest rates on savings accounts linked to the base rate from 3 March 2025.