Interest rates - GBP

Pound sterling

Current and future interest rates

Current interest rates

Rate	%	Last changed
Handelsbanken Base Rate	5.50	23 August 2024
Bank of England Base Rate	5.00	1 August 2024
Handelsbanken Standard Variable*	7.99%	11 October 2024
Cash ISA (p.a. tax-free AER*)	4.00	09 February 2024

*For residential mortgages

**Tax-free is the contractual rate of interest payable where interest is exempt from income tax.

***AER: Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each tax year.

Previous interest rates

Handelsbanken Base Rate

Date	Rate
25 August 2023	5.75%
14 July 2023	5.50%
02 June 2023	5.00%
14 April 2023	4.75%
24 February 2023	4.50%
02 December 2022	3.50%
22 October 2022	2.75%
26 August 2022	2.25%
27 May 2022	1.50%
26 June 2020	1.00%
02 September 2016	1.25%
08 October 2012	1.50%
24 November 2011	1.75%
08 January 2009	1.50%

Bank of England Base Rate


3 August 2023	5.25%
22 June 2023	5.00%
11 May 2023	4.50%
23 March 2023	4.25%
02 February 2023	4.00%
15 December 2022	3.50%
03 November 2022	2.25%
22 September 2022	2.25%
04 August 2022	1.75%
16 June 2022	1.25%
05 May 2022	1.00%
17 March 2022	0.75%
03 February 2022	0.50%
16 December 2021	0.25%
19 March 2020	0.10%
11 March 2020	0.25%
02 August 2018	0.75%
02 November 2017	0.50%
04 August 2016	0.25%
05 March 2009	0.50%
05 February 2009	1.00%
08 January 2009	1.50%

Handelsbanken Standard Variable Rate

Date	Rate
23 August 2024	8.50%
25 August 2023	8.75%
14 July 2023	8.50%
02 June 2023	8.00%
14 April 2023	7.75%
24 February 2023	7.50%
2 December 2022	6.50%
22 October 2022	5.75%
26 August 2022	5.25%
27 May 2022	4.50%
26 June 2020	4.00%
02 September 2016	4.25%
08 October 2012	4.50%
24 November 2011	4.75%
08 January 2009	4.50%