The Bank of England has announced a reduction in its base rate to 0.25%

Customers with rates that directly track base rate will see a 0.25% reduction in their rates and we’ll contact those customers to confirm the details.

We’re currently working through how the rate change may impact other savings and mortgage customers on variable rates, the rate cut should have no impact on customers with fixed rate products. We’ll be contacting customers that are affected in due course.