Following the decision by the Monetary Policy Committee on 18 December 2025 to decrease the Bank of England Base Rate from 4.00%, to 3.75%, we’re making some changes.
On 15 January 2026, we’ll reduce the following Clydesdale Bank variable rates:
- Our Standard Variable Rate will move from 6.99% to 6.74%.
- Our Offset Variable Rate will move from 7.14% to 6.89%.
What happens with cases at application or offer stage
All Variable Rate Discounted Offset products will see a reduction to the interest rates from 15 January 2026 in line with the updated Variable Rate. All new revert-to-rates will be live 15 January 2026 and customers will be contacted to let them know their new rate and monthly payment on completion of the loan.
What happens with existing customers
Clydesdale Bank customers affected by these changes will be contacted to let them know when their new rate will become effective, following their next payment date after 15 January 2026. Their new payment will become effective from the month after that.
If you've got any questions, you can get in touch with your Business Development Manager.