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 2 August 2018, the Bank of England base rate increased by 0.25% from 0.50% to 0.75%.

We can confirm the following for existing customers from the beginning of September:

  • Santander's Follow-on Rate will increase to 4.00% from 3.75%
  • Santander's Standard Variable Rate will increase to 4.99% from 4.74%
  • Alliance & Leicester's Standard Variable Rate will increase to 4.99% from 4.74%.
  • Interest rates on all existing base rate trackers will increase by 0.25%.