Support and downloads

What change has the Bank of England made?

They have decreased the base rate from 0.50% to 0.25%

 

What is the Bank of England Base rate?

This is the official interest rate set by the Bank of England’s Monetary Policy Committee. It is often used a guideline for setting interest rates across the financial industry. Kent Reliance has no early insight into rate movements.

What products are impacted by the Bank of England Base Rate change?

The only products linked to the Bank of England base rate are our Tracker products.

What date will this rate change occur?

If you have a tracker product any rate change will take place on the first day of the month following a Bank of England rate change announcement. If you do not currently hold a tracker product we will update our website with any rate changes to our other products, should any occur.

Have there been any other changes made to my account terms and conditions?

Your account terms and conditions remain the same. We will always give you at least 30 day notice before we make any changes to your terms and conditions.

Does the recent Bank of England base rate move affect the products I have been offered in my savings maturity instruction pack?

Unless you have a tracker account the product you have been offered as part of your maturity instruction pack will remain the same. You can find our full product range by visiting our website or by calling us on 0345 122 1122.