Bank of England
Base Rate Change
On 3rd November 2022 the Monetary Policy Committee
(MPC) voted to increase the Bank of England (BoE)
Base Rate from 2.25% to 3.00%.
We have taken the decision to increase our Standard Variable Rate (SVR) by 0.60% and this will happen on 11th December. Our new SVR will be 6.49%. This will affect customers who are on SVR and have a product linked to SVR. We will write to those affected.