Understanding the base rate

How the base rate affects your savings can seem complex. We're here to help break down the facts.

The recent announcement

On 8 May 2025 the Bank of England announced a decrease in the Bank of England base rate from 4.50% to 4.25%.

Let’s look at the details

Getting started online

Protecting your money



The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS



Protecting your money

The Financial Services Compensation Scheme (FSCS) protects up to £85,000 of the eligible money you hold with us.

More about the FSCS

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Personal savings allowance

Based on your tax band, you can earn up to £1,000 in tax-free interest annually with your personal savings allowance (PSA).

Save tax free

What is an ISA?

Top up your current cash ISA or open a new cash ISA today.

Compare our ISAs

Savings accounts

We offer a range of flexible accounts, with minimum deposits starting from as little as £1.

Ways to save

Savings help and support

Get more support on a range of savings topics.

More savings support

Savings help and support

Get more support on a range of savings topics.

More savings support