Notice of savings rate change - 7th December 2022

We recognise the importance you place on your savings income, so we are delighted to inform you that following the Bank of England Base Rate change on 3 November 2022, we are increasing the interest rate on our savings accounts.  

From 7 December 2022 we will increase savings rates by up to 0.75%.

We continually review our savings product range taking several factors into consideration, including market conditions, and balancing the needs of both savers and borrowers.

Getting this balance right has never been more important considering the cost of living increases we are all facing. You can find more information about our cost of living support for members and communities here.

Rate changes effective from 7 December 2022 

You can find a list of changes to our accounts here. The page shows our current savings accounts. This page shows other savings accounts (closed to new business) with their revised interest rates. 

You can also find this information in our branches.

Criteria change effective from 21 November 2022 

If you have an Existing Member Account (EMA), you now have the ability to ‘top up’ your subscription to a maximum of £4,000 until April 2023. If you are already fully subscribed this fiscal year, this is an additional £2,000. 

We have qualified savings advisers available to discuss our current product range, with appointments available in branch, over the telephone or by video appointment. You can book using our online appointment system.

Want to receive updates like this from us by email? 

If you would like to receive important updates about your savings account(s) from us via email, you can subscribe to alerts here on our website. 

Luke Pummell Direct Sales Manager

Luke is responsible for the direct customer sales through our branch network and online services.

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You can check the Financial Services register on the FCA's website.


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