Bank of England raises base rate to 0.25%

Our new interest rates

On 16 December 2021, the Bank of England announced a 0.15% increase in its base rate from 0.10% to 0.25% and so we’re making changes to some of our business savings interest rates. 

These changes will come into effect from 01 February 2022. Please see below to find out what your new interest rate will be.

Business Instant Saver Accounts - Rate effective from 01 February 2022
Account type Annual AER Annual gross p.a. Monthly AER Monthly gross p.a.
Business 35 Day Saver Issue 1
 0.35% 0.35% 0.35% 0.35%
Business 35 Day Saver LA Issue 1
 0.35% 0.35%  0.35% 0.35% 

Business 95 Day Saver Accounts - Rate effective from 01 February 2022
Account type Annual AER Annual gross p.a. Monthly AER Monthly gross p.a.
Business 95 Day Saver Issue 1
 0.40% 0.40% 0.40% 0.40%
Business 95 Day Saver Issue 2
 0.40% 0.40% 0.40% 0.40%
Business 95 Day Saver Issue 3
 0.40% 0.40% 0.40% 0.40%
Business 95 Day Saver Issue 4
 0.40% 0.40% 0.40% 0.40%
Business 95 Day Saver Issue 5
 0.40% 0.40% 0.40% 0.40%
Business 95 Day Saver Issue 6
 0.55% 0.55%  0.55% 0.55% 
Business 95 Day Saver Issue 7
 0.55% 0.55%  0.55% 0.55% 
Business 95 Day Saver Issue 8
 0.55% 0.55%  0.55% 0.55% 
Business 95 Day Saver Issue 9
Current on sale account
 0.45% 0.45%  0.45% 0.45% 
Business 95 Day Saver LA Issue
 0.55% 0.55%  0.55% 0.55% 
Business 95 Day Saver LA Issue 1
 0.55% 0.55%  0.55% 0.55% 
Business 95 Day Saver LA Issue 2
 0.45% 0.45%  0.45% 0.45% 

If you’re unsure of the account type or issue number, you can find this information for your account on your latest statement.

For Corporate Savings Customers, Corporate 35 Day and Corporate 95 Day Saver account interest rates will increase by up to 0.15%. Your Relationship Manager will be in contact to confirm the changes.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year.