Monetary Policy Committee votes to increase rates
The Bank of England announced today (2 August 2018) a 0.25% increase in its bank rate from 0.50% to 0.75%.
We are now reviewing what this change will mean for our savings and mortgage members and will advise members in due course.
Tracker rate mortgages will increase by 0.25% in line with the terms and conditions of the mortgage.
Savings Interest Rates from 17 September 2018 have now been published, and can be viewed here.
We will be writing to mortgage members individually to advise changes to monthly payments.