Changes to Interest Rates


Bank of England bank rate

On 3 August 2023, the Bank of England announced an increase in the Bank of England bank rate from 5.00% to 5.25%.

Danske Bank Reference Rate (UK)

On 3 August 2023, Danske Bank announced an increase to the Danske Bank Reference Rate (UK) from 5.00% to 5.25%.

These changes will apply to accounts where the interest reference rate is either the Bank of England bank rate or Danske Bank Reference Rate (UK) from 4 August 2023.


Danske Bank Standard Variable Rate (UK) and Danske Bank Re:pay Rate (UK)

On 3 August 2023, Danske Bank announced an increase to the following interest reference rates;

Danske Bank Standard Variable Rate (UK) from 7.00% to 7.15%
Danske Bank Re:pay Rate (UK) from 6.19% to 6.34%
Danske Bank Re:pay Rate (UK) - original loan amount of £50,000 - £99,999 from 6.19% to 6.34%
Danske Bank Re:pay Rate (UK) - original loan amount of £100,000 - £149,999 from 5.94% to 6.09%
Danske Bank Re:pay Rate (UK) - original loan amount of £150,000 and over from 5.64% to 5.79%

These changes will apply to accounts where the interest reference rate is either the Danske Bank Standard Variable Rate (UK), or Danske Bank Re:pay Rate (UK), from 1 September 2023.

For more information on how these interest rate changes may affect your accounts go to Important information for personal customers if you are a personal customer or Important information for Business customers if you are a business customer.

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