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Bank of England Base Rate Increase (May 2022)

The Society continually monitors interest rates on its range of mortgage and savings products to ensure they are competitive and sustainable.


Following the 0.25% increase in the Bank of England base rate announced on 5th May 2022 to 1.00%, customers who either have a mortgage or savings product which is directly linked to the Bank of England base rate will see their rate rise to reflect the increase on 1st June 2022.


The Society will be increasing its variable savings rates with effect from 1st July 2022. The new rates will be viewable on this website and in each of our branches after the next meeting of the Bank of England on 16th June 2022.


For more information please contact your local branch, or email

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Charlene Gentile

About the Author Charlene Gentile
Charlene is our Digital Marketing Specialist. With a wealth of marketing experience, she is using her expertise to help to communicate the variety of services we have here at Hanley Economic Building Society.

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