The Bank of England base rate is currently 4.50%. The last time this changed was on 6 February when it went down from 4.75% to 4.50%.
Mortgages
Due to the Bank of England base rate change on 6 February, all our tracker mortgage deals linked to the base rate went down by 0.25% on 3 March. This included Santander’s Follow-on Rate which went down to 7.75%.
The Standard Variable Rate also went down to 6.75%.
Savings, current accounts and business customers
We decreased interest rates on savings accounts linked to the base rate from 3 March 2025.