About Us
Established in Newport in 1869 to help local people build homes, we now help people across Wales and England buy properties and save for their future.
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18 Feb 2025

Bank of England Bank Rate Announcement

The Bank of England Monetary Policy Committee met earlier this month.

On Thursday, 6th February 2025, the Bank of England reduced the Bank Rate from 4.75% to 4.50%.

We’re currently reviewing what this means for our variable savings rates and haven’t made a decision yet.

Rest assured, if any changes are made, we’ll give you at least 14 days' notice before they take effect.

Good news for our mortgage members!

We’re pleased to announce that our Standard Variable Rate will be reduced from 8.39% to 8.14% from 1st April 2025.

If you have any questions, our team is here to help.