Background image: Bank of England Bank Rate

Bank of England Bank Rate

03 Jun 2019
Written by: Scottish Building Society

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.

Update 28/8/18

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.

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