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 7pm Monday to Friday. 9am to 5pm Saturday. Calls may be recorded and monitored for training and security purposes and to help us manage your account.

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