The Bank of England Base Rate.
The Bank of England reduced the base rate by 0.25 percentage points to 3.75% on Thursday 18 December 2025.
At Suffolk Building Society, when we respond to base rate changes, we consider the potential impact on both savings and mortgage members.
So, we’ll be making the following changes to our savings and mortgages accounts.
Last updated: Monday 29 December 2025
How does this affect
my savings?
We’ll decrease the interest rate on most of our variable rate savings accounts, on a product-by-product basis, effective Monday 19 January 2026.
You’ll be able to find your new interest rates using the links below. We’ll contact you by email or post if the rate on your account is going to decrease.
If you have an existing fixed rate savings product, this will not be affected.
How does this affect
my mortgage?
We’ll be changing the rate of interest charged on the following mortgage products as follows:
- Standard Variable Rate (SVR) will reduce by 0.25 percentage points to 7.49%. Changes to monthly payments will come into effect from Sunday 1 February 2026.
- Discount rate mortgages will reduce by 0.25 percentage points. Changes to monthly payments will come into effect from Sunday 1 February 2026.
- Base Rate tracker mortgages will reduce by 0.25 percentage points. Changes to monthly payments will come into effect from Thursday 1 January 2026.
We’ll write to you directly if this affects you.
Existing fixed rate mortgages remain unchanged.
What to do if you’d like further information about how the base rate affects you?
If you can’t find what you’re looking for, or would prefer to talk to us, we’re here! Simply get in touch with your local branch, email us at [email protected] or call us on 0330 123 0723.
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Details on our opening hours during the festive period can be found on the link below.