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How will the Bank of England Base Rate change affect Newbury Building Society members?

Bank of England

On 2 August 2018, the Bank of England announced that the base rate has increased from 0.50% to 0.75%. 

Like all banks and building societies, we use the base rate as one of the factors when setting our savings and mortgage interest rates. So a change to the base rate will have an impact on some of the rates we offer, therefore we are currently reviewing the interest rates on our savings accounts, mortgage products and our current Standard Variable Rate.   

We will be communicating any rate changes in due course. 

If you have any further questions, please contact your local branch or our Customer Services team who will be happy to assist.  

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