The Bank of England base rate is currently 4.00%. The last time this changed was on 7 August when it went down from 4.25% to 4.00%.
Mortgages
Due to the Bank of England base rate change on 7 August, all our tracker mortgage deals linked to the base rate went down by 0.25% on 3 September. This included Santander’s Follow-on Rate which went down to 7.25%.
The Standard Variable Rate is currently 6.75%. This didn’t change.
Savings and business customers
We decreased interest rates on savings accounts linked to base rate from 2 September 2025.