Changes to Savers Interest Rates Effective 1st July 2015

1 July 2015

Please note that as of 1st July 2015, the interest rate payable on many of the Society’s savings accounts has changed.

Whilst the Bank of England’s Base Rate remains at a record low of 0.50%, the Society continues to offer members attractive interest rates on their personal savings, and many of our products have remained well above those available in the marketplace. We recognise, however, that the ongoing low interest environment in the UK has proven a challenge for many savers, with general savings rates continuing to fall in the last year.

The Society has had to review its own savings products and has regrettably had to reduce some savings interest rates. The new rates compare favourably to those generally available in the marketplace and ensure that our savings products continue to offer attractive terms in comparison with those available from many other providers.

You can find details of the current savings rates offered by the Society on our Savings Interest Rates web page.

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