Bank Rate vs Savings Rates
This chart compares the Bank of England Bank Rate with a representative household savings rate, using official Bank of England data.
This chart compares the Bank of England Bank Rate with a representative household savings rate, using official Bank of England data.
This chart shows the official Bank Rate alongside a representative one-year fixed savings rate offered to households. Both are measured in percent, so they are compared directly on the same axis.
This chart shows movements over time, but it does not prove that changes in the Bank Rate directly cause specific changes in savings rates. Deposit pricing also reflects competition and each provider's funding needs.
Sources & update schedule
Data from Bank of England.
Source: Bank of England
Unit: %
Updated when the underlying rate changes
Source: Bank of England
Unit: %
Updated monthly