Will the rate on my account be decreased?
Tracker products are the only products that are linked to the Bank of England base rate. The rate on this account will be decreased on first working day of the following month after the announcement. This will be on 1 April 2020.
If you do not hold a tracker product, your rate is not linked to any movement of the base rate.
Any movement on your rate will be decreased in line with the market and economic conditions. If you hold a fixed product there will be no change to your rate during the term.