The Bank of England announced the increase to the base rate on Thursday 05 May 2022. This is a rise from the previous rate of 0.75% to 1.00%. As a result, some of our mortgage and savings rates will be affected by this change.
If you hold a tracker account with us, the rate on your account will increase on 24 May in line with the base rate change. We're currently reviewing what the base rate change means for the rest of our savings range.
We have become aware of another firm (Saffron Moneytree) who is marketing products and services as if they are Saffron Building Society. We are not associated with them in anyway. If you have any concerns please contact the Financial Conduct Authority on 0800 111 6768.