Bank of England base rate
On 5 November 2026, the Bank of England base rate went up by 0.25% to 4.00%
Savings
Our variable savings rates are under review.
- We regularly review our rates to keep them fair and offer you long-term value.
- You can check your current rate in Online Services, the app or by looking at our range of accounts. If your account is no longer available, check our closed account page.
Mortgages
From 1 December 2026, the following mortgage interest rates will increase by 0.25%:
- Base Rate Tracker
- Flexx for Term
- Standard Variable Rate (SVR)
- Privilege Rate.
There have been no changes to fixed rate mortages following this announcement.
If your mortgage payment changes, we'll let you know in writing and give you at least 5 days' notice.
Need more information?
Does the base rate change affect my Coventry Building Society savings account?
It depends on the type of account you have with us:
Fixed - Your account won’t be affected because the interest rate is set for an agreed length of time.
Variable - We are currently reviewing our savings rates to ensure that they continue to offer fair value. While the Bank of England base rate is one factor that can influence savings rates, it isn’t the only thing we consider when reviewing and setting our rates.
What’s the current interest rate on my account? Is the rate fixed or variable?
To find out the interest rate you’re currently receiving on your account:
- Log into Online Services or the app (if you're registered) and select your account. Your interest rate is displayed on the 'My actions' page.
- Look at our range of accounts. If your account is no longer available to new customers, you’ll find it listed under closed accounts.
- Visit our contact us page for ways to get in touch.
Whenever we list an interest rate, we always state whether it’s fixed or variable.
Will my rate go up by the same amount as the Bank of England base rate?
Where can I find the terms and conditions of my savings account?
Your specific account terms and conditions were made available when opening your account.
If you'd like another copy, you can contact us and we'd be happy to send one to you.
Will my interest rate increase?
You can see what the new rate on your account will be below:
Will rates be increasing if the base rate goes up again?
Mortgage FAQs
If my payment changes, what do I need to do?
If you pay by:
Direct Debit (DD)
Your payment will change automatically so you don’t need to do anything.
Standing order
You’ll need to change the repayment amount with your bank/building society directly. Alternatively, we can set up a Direct Debit (DD) so that we can manage these changes for you.
I have a regular overpayment set up, will this continue if my interest rate changes?
When can I transfer my mortgage deal?
If the deal you're on now is ending in the next four months - or if you're on a variable rate - you can arrange to transfer your mortgage now. No need for payslips, proof of ID or application forms. Just choose a product, and we'll guide you through the rest.
Alternatively, if you would like advice on which product might be best for you, give us a call on 0800 121 8899.
Call wait times may be longer than usual due to an increase in customer enquiries following the recent base rate increase. Before you call, please check if your question is answered in the FAQs below. We apologise for any inconvenience; our teams are working hard to make sure we speak to you as soon as possible.
What rates are you currently offering?
I have more than four months left on my deal, what can I do?
When are your rates likely to change?
I’m concerned about my mortgage payments. What can I do?
As a solicitor, how do I request a redemption statement?
Interested in support with your mortgage?
Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.
Call us on 0800 121 8899
- Mon-Fri 8am-7pm
- Saturday 9am-2pm
- Sunday & Bank holidays Closed
Yesterday, people waited on average
17 seconds for savings enquiries
17 seconds for mortgage enquiries
Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.
Call us on
0800 121 8899
Saturday
Sunday
9am - 2pm
Closed
Closed
Yesterday, people waited on average
31 seconds for savings enquiries
3 minutes 50 seconds for mortgage enquiries
