Bank’s Base Rate changes
On certain products, our interest rates are linked to the Bank’s Base Rate, which is influenced by changes in the Bank of England Base Rate.
The Bank of England’s Monetary Policy Committee meets every month to determine what needs to be done to its official bank rate to manage the economy.
The table below highlights recent changes in the Bank’s Base Rate.
| Effective date | Base Rate % |
|---|---|
| 05.03.2009 | 0.50 |
| 05.02.2009 | 1.00 |
| 08.01.2009 | 1.50 |
| 04.12.2008 | 2.00 |
| 06.11.2008 | 3.00 |
| 08.10.2008 | 4.50 |
| 10.04.2008 | 5.00 |
| 07.02.2008 | 5.25 |
| 06.12.2007 | 5.50 |
| 05.07.2007 | 5.75 |
| 10.05.2007 | 5.50 |
| 11.01.2007 | 5.25 |
| 09.11.2006 | 5.00 |
| 03.08.2006 | 4.75 |