Bank of England base rate change

 
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.

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