What is the Bank of England base rate?

The base rate is set by the Bank of England and is the amount of interest it pays to all banks and building societies in the UK. Increasing or decreasing this rate helps to control inflation and influence overall borrowing in the economy.

As a result the base rate is a critical factor in how much banks and building societies charge the people and organisations who borrow money, and this influences how much interest can be paid to the people and organisations who save money.

Related FAQs

Related how-to guides

How to transfer an ISA to a Triodos cash ISA

Change the type of cash ISA held with Triodos Bank

How to transfer an existing ISA to a Triodos Stocks & Shares ISA

How to update your account and personal details

Related downloads

Find what you were looking for?

Search our help and support section for more

Go to help and support