The Bank of England Base Rate Change

The Bank of England announced on Thursday 19 March 2020 that it was decreasing its Base Rate from 0.25% to 0.10%.

This reduction follows the previous Base Rate change from 0.75% to 0.25% that took place on Wednesday 11 March 2020.

The Bank of England Base Rate is one of many factors which impact the interest rates we set on both our mortgage and savings accounts.

Following these announcements, our Board of Directors has decided to reduce our Mortgage Standard Variable Rate by 0.50% from 5.74% to 5.24% with effect from 30th May 2020. All mortgage members who are impacted will receive a communication by the end of May 2020.

We are currently considering how these rate changes will impact our savings account customers and further information will follow.

HEAD OFFICE Key House
Foxhole Road
Chorley
Lancashire
PR7 1NZ

BRANCHES

IMPORTANT INFORMATION

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The Chorley and District Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered on the Financial Services Register under number 206023. Registered Office: Key House, Foxhole Road, Chorley, Lancashire PR7 1NZ.
Chorley and District Building Society is a member of the Building Societies Association and a participant of the Financial Ombudsman Service and Financial Services Compensation Scheme.
Your telephone conversations with the Society may be recorded. This is to help the Society to improve customer service and to offer additional security. Calls and electronic communications may also be monitored for staff training.