Dear Master Berliner
On the 6th February 2025, the Bank of England reduced the Base Rate from 4.75% to 4.5%.
This means that we will now review the rates on our own variable interest accounts.
If you hold a variable rate product, we'll be in touch after we have carried out our review, if the interest is changing on your account.
We are committed to providing interest rates that are fair for all of our Members, and we will carry out thorough research to make sure that our rates are competitive and reflect market conditions.
Thank you for choosing to save with us.
Kind regards
Liz Pearson
Head of Operations
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