Bank of England base rate change

On Thursday 2 November, the Bank of England increased the base rate from 0.25% to 0.50%.

From Friday 1 December, we will be increasing the rates on all of our variable Business and Corporate Saver accounts:

Business Instant Saver Account

  • Annual interest will increase to 0.50% gross p.a.* / AER** (variable)
  • Monthly interest will increase to 0.45% gross p.a.* / AER** (variable)

Business 95 Day Saver Account

  • Annual interest will increase to 0.70% gross p.a.* / AER** (variable)
  • Monthly interest will increase to 0.65% gross p.a.* / AER** (variable)

Corporate Savings Accounts

For information on the changes to our Corporate Saver range, please contact your Relationship Manager.

The new rates will be effective from Friday 1 December, for all existing and new customers. From this date, we will update our website to reflect these changes.


*Gross p.a. is the interest rate without tax deducted.

**Annual Equivalent Rate (AER) illustrates what the interest rate would be if interest was paid and compounded once each year.