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Base rate change, June 2022

Date published: 16 June 2022

Read time: 1 minutes read

Exterior of Newcastle Building Society Cobalt Head Office

Following the Bank of England’s decision on 16th June to increase the base rate of interest by 0.25% to 1.25%, we are in the process of reviewing our savings and mortgage rates.

Members with savings or mortgage accounts that are directly linked to the Bank of England base rate will see their rates change in accordance with their account terms and conditions.