On 7 August the Bank of England base rate went down from 4.25% to 4.00%.
Mortgages
All our mortgage products linked to the base rate will go down by 0.25% from 3 September. This includes the Follow-on Rate, which will go down by 0.25% to 7.25%.
The Standard Variable Rate (SVR) is currently 6.75%. This isn’t changing.
Savings and business customers
We’re decreasing interest rates on savings accounts linked to base rate from 2 September 2025.