Bank of England raises base rate to 0.75%

Our new interest rates

On 2 August 2018, the Bank of England announced a 0.25% increase in its base rate from 0.50% to 0.75%.

Banks and building societies use the base rate to calculate interest rates for some of their savings accounts.

We’re making changes to some of our business savings interest rates following the Bank of England base rate increase.

These changes will come into effect from 31 August 2018. Please see below to find out what your new interest rate will be.

Business Instant Saver Accounts - Rate effective from 31 August 2018
Account type Annual gross p.a. Annual AER* Monthly gross p.a. Monthly AER*
Business Instant Saver Issue 1 0.65% 0.65% 0.60% 0.60%
Business Instant Saver Issue 2 0.65% 0.65% 0.60% 0.60%
Business Instant Saver Issue 3 0.65% 0.65% 0.60% 0.60%
Business Instant Saver Issue 4 0.65% 0.65% 0.60% 0.60%
Business Instant Saver Issue 5 0.65% 0.65% 0.60% 0.60%
Business Instant Saver Issue 6 0.65% 0.65% 0.60% 0.60%
Business Instant Saver Issue 7 -
current onsale account
0.65% 0.65% 0.60% 0.60%

Business 95 Day Saver Accounts - Rate effective from 31 August 2018
Account type Annual gross p.a. Annual AER* Monthly gross p.a. Monthly AER*
Business 95 Day Saver Issue 1 0.90% 0.90% 0.85% 0.85%
Business 95 Day Saver Issue 2 0.90% 0.90% 0.85% 0.85%
Business 95 Day Saver Issue 3 0.90% 0.90% 0.85% 0.85%
Business 95 Day Saver Issue 4 0.90% 0.90% 0.85% 0.85%
Business 95 Day Saver Issue 5 0.90% 0.90% 0.85% 0.85%
Business 95 Day Saver Issue 6 1.10% 1.10% 1.05% 1.06%
Business 95 Day Saver Issue 7 -
current onsale account
1.10% 1.10% 1.05% 1.06%

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

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