Bank of England Base Rate Increase 5 May 2022

Bank of England Base Rate Increase – update as of 24 May 2022

We will not be increasing interest rates for borrowers or savers following the last Bank of England Base Rate increase of 0.25% on 5 May.

This decision is based on a number of factors, including the recent increase made on 29 April, market conditions, cost of living, and the strong likelihood of further increases in the Bank of England Base Rate.

Thank you for your continued loyalty to Newbury Building Society.

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