Up from 3.75%, effective 5 November 2026. It remains the current rate.
At a base rate of 4%, a savings account tracking the base rate earned roughly:
£5,000 saved
£200
per year
£10,000 saved
£400
per year
£50,000 saved
£2,000
per year
Illustrative gross interest at the base rate. Best-buy easy-access accounts often beat the base rate — see current rates below.
The base rate sets what savers earn and what borrowers are charged over it. UK companies borrowing against a registered charge paid a median of 7.68% on their debt, with the middle half between 5.54% and 10.83% — read from their own filed accounts as at 6 September 2026, when the base rate stood at 3.75%. The Bank of England's own figure for new SME lending was 6.16%, published as a single mean with no range behind it.
Distribution published by Solon Corporate Finance, an independent UK debt advisory firm run by StoozeMax's founder.
Figures are indicative and correct as at 5 November 2026. 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.