Bank of England base rate information

This page gives you the latest updates on any changes to the Bank of England base rate and how it affects your clients.

On Thursday 4 August 2016, the Bank of England base rate reduced from 0.50% to 0.25%.

We can confirm that the following changes for existing customers will be effective from the beginning of September:

  • Interest rate on all existing base rate trackers will reduce by 0.25% 
  • Santander Standard Variable Rate (SVR) will reduce by 0.25% from 4.74% to 4.49%
  • Alliance & Leicester SVR will reduce by 0.25% from 4.99% to 4.74% 

Related links