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.
