Following the Bank of England base rate decrease of 0.25% to 3.75% on 18 December 2025, we have considered how this will affect the Society’s savings and mortgage interest rates and we will be making the following changes.
Several factors are considered when deciding on whether to move interest rates and by how much, including market conditions, and balancing the needs of both savers and borrowers.
Changes for savers
We regularly review our savings products to ensure they remain competitive and fair, considering market conditions and the needs of both our savers and borrowers. We believe this measured approach continues to offer value to our members.
Interest rates will be decreasing by 0.22% on average. The new rates are effective from 22 January 2026 and are available to view here.
Formal notification will be sent to you via email on 2 January 2026. If we do not hold a valid email for you, we will write to you. You will receive a letter on or around 5 January 2026.
Are your savings working hard enough? Now might be a good time to review your savings. Our qualified advisers are here to help you make the most of your money. To book a savings review, visit your local branch or book an appointment online.
Need to make a change? You have 30 days from 23 December 2026 to switch or close your account without giving notice, losing interest, or incurring any charges.
Changes for borrowers
Our Standard Variable Rate (SVR) will decrease by 0.15% from 6.15% to 6.00% on 22 January 2026, affecting all variable rate mortgages. Another rate reduction is positive for borrowers, with our SVR remaining one of the lowest in the market.
Formal notifications will be sent by post to borrowers detailing how these changes affect their mortgage payments, on or around 9 January 2026.
Thank you for your continued loyalty to Newbury Building Society.