Bank of England base rate change 7 August 2025

News

7 Aug 2025

  • Phillippa Cardno

    Chief Executive

Following the Bank of England base rate decrease of 0.25% to 4.00% on 7 August 2025, we have considered how this will affect the Society’s savings and mortgage interest rates and we will be making the following changes.

We regularly review our savings products to ensure they remain competitive and fair, considering market conditions and the needs of both our savers and borrowers. We believe this measured approach continues to offer value to our members.

Changes for savers

Depending on the account, some interest rates are decreasing, some will remain unchanged, and some account rates will be increasing. The new rates effective from 3 September 2025 are available here. 

Additional changes to Access 180 and Access 90 accounts

We’re making some positive changes to these accounts to simplify them and make them more accessible. 

Access 180 account:

We have lowered the minimum opening and operating balance from £25,000 to £10,000, and a simplified the interest structure

Access 180 previous tiered rates New interest rate structure from 3 Sep 2025
  • £75,000+ 3.65% AER
  • £50,000+ 3.55% AER
  • £25,000+ 3.30% AER
  • £10,000+ 4.00% AER
  • Below £10,000 1.50% AER

Access 90 account:  

There will be a new interest rate structure.

Access 90 previous tiered rates New interest rate structure from 3 Sep 2025
  • £50,000+ 3.50% AER
  • £25,000+ 3.20% AER
  • £10,000+ 3.10% AER
  • £1,000+ 2.65% AER
  • £1,000+ 3.65% AER
  • Below £1,000 1.50% AER

Are your savings working hard enough?
Now might be a good time to review your savings. Our qualified advisers are here to help you make the most of your money. To book a savings review, visit your local branch or book an appointment online.

Need to make a change?
You have 30 days from the date of this notice to switch or close your account without giving notice, losing interest, or incurring any charges.

Changes for borrowers

Our Standard Variable Rate (SVR) will decrease by 0.15% from 6.30% to 6.15% on 3 September 2025, affecting all variable rate mortgages.  

Another rate reduction is positive for borrowers. Whilst the full 0.25% reduction may have been expected, in overall terms we believe we continue to protect borrowers and provide fair value. 

Formal notifications will be sent by post to borrowers detailing how these changes affect their mortgage payments, on or around 22 August 2025. 

Thank you for your continued loyalty to Newbury Building Society.