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Clydesdale Bank Variable Rate Changes

20th March 2020

What is changing?

Following the change in the Bank of England base rate from 0.75% to 0.25% on Wednesday 11th March 2020, the Bank has reviewed its Standard Variable, Offset Variable and Offset Variable Investment Housing Loan rates.

With effect from Thursday 2nd April 2020 the following changes will be made:

Product
Old rate
New rate
Standard Variable Rate
5.20%
4.70%
Offset Variable Rate
5.20%
4.70%
Offset Variable IHL Rate
5.60%
5.10%

Pipeline Arrangements

Where a case is at application or offer stage:
- Products discounted from any of the affected rates will see an automatic decrease to the interest rates from 2nd April.
- For all other products, the revert-to-rates will be amended in line with the above table from 2nd April.


Further Information

These changes will be implemented and updated on our web pages with effect from 2nd April. If you have any questions please just give us a call and we’ll be happy to help.

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