Up from 1.75%, effective 22 September 2022. It held until 3 November 2022.
At a base rate of 2.25%, a savings account tracking the base rate earned roughly:
£5,000 saved
£113
per year
£10,000 saved
£225
per year
£50,000 saved
£1,125
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 22 September 2022. 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.