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Savings rates increase, December 2022

Date published: 15 December 2022

Read time: 1 minute

Millennium Bridge, Newcastle.

Update as of 15th December 2022

Following the Bank of England’s decision on 15th December to increase the base rate of interest by 0.50% from 3.00% to 3.50%, 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.

As a Society, we recently increased our rates in response to the 4th November base rate rise. The updated rates, which took effect from 8th December, can be found here.