Changes to Interest Rates
Bank of England bank rate
On 7 November 2024, the Bank of England announced a decrease in the Bank of England bank rate from 5.00% to 4.75%.
Danske Bank Reference Rate (UK)
On 7 November 2024, Danske Bank announced a decrease to the Danske Bank Reference Rate (UK) from 5.00% to 4.75%.
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 8 November 2024.
Danske Bank Standard Variable Rate (UK) and Danske Bank Re:pay Rate (UK)
On 7 November 2024, Danske Bank announced a decrease to the following interest reference rates;
| Danske Bank Standard Variable Rate (UK) | from 6.90% to 6.75% |
| Danske Bank Re:pay Rate (UK) | from 6.09% to 5.94% |
| Danske Bank Re:pay Rate (UK) - original loan amount of £50,000 - £99,999 | from 6.09% to 5.94% |
| Danske Bank Re:pay Rate (UK) - original loan amount of £100,000 - £149,999 | from 5.84% to 5.69% |
| Danske Bank Re:pay Rate (UK) - original loan amount of £150,000 and over | from 5.54% to 5.39% |
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 2 December 2024.
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.
