Cut from 0.25%, effective 19 March 2020. It held until 16 December 2021.
At a base rate of 0.1%, a savings account tracking the base rate earned roughly:
£5,000 saved
£5
per year
£10,000 saved
£10
per year
£50,000 saved
£50
per year
Illustrative gross interest at the base rate. Best-buy easy-access accounts often beat the base rate — see current rates below.
Figures are indicative and correct as at 19 March 2020. Bank switch offers, rates, and eligibility change frequently — always confirm the latest terms directly with the provider before switching. T&Cs apply. This is information, not financial advice.