Interest rates
Bank of England Base Rate
On 01 August 2024, the Bank of England announced a decrease in the Bank of England Base Rate from 5.25% to 5.00%.
With the Bank of England’s decision to cut interest rates on 01 August 2024 by 0.25%, we are considering how this might affect savings rates. We’ll notify customers of any changes to their accounts..
Our tracker rates are linked to the Bank of England Base rate administered by the Bank of England, this rate can go up or down which will impact the cost of your mortgage payments.
Scottish Widows Bank Standard Variable Rate
The Scottish Widows Bank Standard Variable Rate effective from Monday 5th August 2024 is 8.49%.
Savings
View interest rates for all our savings products:
Savings interest rates and charges
Mortgages
View interest rates for the following mortgage products:
Scottish Widows Bank is a trading name of Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales, no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278.