LONDONGBP · LIVE INTEREST RATE DESK
Bank Rate, mortgages and savings
One live desk for the UK policy rate, inflation, new household borrowing costs and savings returns — then calculators that turn those figures into pounds and pence.
Official-source dataChecked 28 October 2026 · 13:32
LIVE CONTEXT
What the rates are saying
These figures come from different parts of the system. Bank Rate is policy; effective rates show what UK financial institutions have actually paid or charged on recent business.
Bank Rate
3.75%The MPC's core policy rate. It influences, but does not mechanically set, customer mortgage and savings rates.
CPI
3.5%The monetary-policy target is 2%. Current CPI is above target by 1.5 percentage points.
New secured lending
4.35%Average effective rate on new secured household lending in the latest available Bank of England release.
New time deposits
4.30%Average effective rate on new household time deposits in the latest available Bank of England release.
MORTGAGE IMPACT
Translate a rate move into your payment
Start with the live average new secured-loan rate or replace it with your own mortgage quote.
ESTIMATED MONTHLY PAYMENT—Capital and interest
SAVINGS IMPACT
What could your cash earn?
The calculator starts with the latest Bank of England average effective rate on new time deposits. Replace it with any savings account rate you are considering.
ONE-YEAR GROSS INTEREST——
IF SAVINGS PAID BANK RATE—Illustrative benchmark only
DECISION TABLE
How quickly products react
Use this as a guide to where the next MPC decision may show up first.
| Product | Rate sensitivity | Why | Next action |
|---|---|---|---|
| Tracker mortgage | High | Often Bank Rate plus a fixed contractual margin. | Mortgage Centre → |
| SVR mortgage | High | Lender decides how quickly and how fully to reprice. | Test repayments → |
| New fixed mortgage | Medium | Also driven by swap markets and expectations of future policy. | Markets → |
| Easy-access savings | Medium | Providers decide whether to pass through policy changes. | Compare AER and access terms |
| Fixed savings | Lower after opening | Your rate is fixed for the agreed term once the account is opened. | Check term and penalties |
DATA STANDARD
What is live and what is calculated?
Bank Rate
Fetched from the Bank of England official Bank Rate database and cached for one hour.
CPI inflation
Fetched from the latest ONS consumer-price bulletin and cached for six hours.
Household effective rates
The page checks recent Bank of England monthly effective-rate releases and uses the latest available new-business figures.
Your scenarios
Mortgage and savings results recalculate instantly in the browser from the figures you enter.