Interest Rate Information

Helpful information on managing your Bip account.

  • The Bank of England Base Rate (also known as Bank Rate) is the interest rate set by the Bank of England.

    The Monetary Policy Committee of the Bank of England meets around eight times a year to set the Bank Rate; their decision’s based on a number of factors, including economic conditions.

    The Bank Rate has a direct impact on interest rates generally.

    If you'd like to know more about the Bank Rate, go to the Bank of England website.

  • *Calls are charged at a standard national rate. Call costs from mobiles and other operators may vary so please check before calling. Our lines are open 9am to 6pm Monday to Friday. 9am to 4pm Saturday. Calls may be recorded and monitored for training and security purposes and to help us manage your account.

    bip help chat screen

    Can't find what you are looking for?

    Message the Bip team

    You can ask a question whenever you like through your Bip app. Open your Bip app and head to need help > message the Bip team.

    Need to make a complaint?

    We want to help fix any problems that might arise. Get in touch and we’ll do everything we can to help.
    See Newday complaints procedure