If you hold a Notice Account that tracks the Bank of England Base Rate, when the Base Rate changes we will automatically update the rate on your account within 48 hours, and we will email you confirmation of the rate change.
For our regular Notice Accounts, should the rate on the product you hold increase, we will apply the new rate to your account and email or post you confirmation.
If the rate on the regular Notice Account you hold decreases, we will send you notification at least 14 days before the new rate takes effect. We then provide you with an extra 30 days where you may choose to close or switch your account without penalty, loss of interest or providing notice.