About Us
Established in Newport in 1869 to help local people build homes, we now help people across Wales and England buy properties and save for their future.
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25 Feb 2022

Society's Response to Bank of England Rate Change

The Society has reviewed its position following the most recent Bank of England Bank Rate increase.

The Society will make changes to both its savings and mortgage products following the latest Bank Rate increase.

Savings
Some of our variable rate savings accounts will see a rate increase from 17th March 2022.

Additionally, all of our savings tracker rates will increase by 0.25% from 4th March 2022.

For a full list of products, click here

Mortgages

From 1st March 2022 our Standard Variable Rate (SVR) will increase by 0.25%. This takes our SVR from 4.74% to 4.99%.

These changes will be passed on to our existing members at the later date of 1st April 2022 meaning our Mortgage Tracker products and our Discount Mortgage products will not see any change to their monthly payments before 1st April 2022. After this date the SVR will change from 4.74% to 4.99%.

All of these changes will be communicated to members as outlined in our Savings and Mortgages Terms and Conditions.