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 November 2017, the Bank of England base rate increased from 0.25% to 0.50%.

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

  • Santander Standard Variable Rate will increase to 4.74% from 4.49%
  • Alliance & Leicester Standard Variable Rate will remain unchanged at 4.74%
  • Interest rates on all existing base rate trackers will increase by 0.25%.