Yes, the interest rate on our Business or Charity Bonus Easy Access account is a tracker rate, so the rate will change in line with the Bank of England base rate changes – even if you are within the bonus period.
If the rate changes, we will contact you to notify you of the change and what your new rate will be.
Please rest assured that the bonus will still apply to your account as any rate change will impact the regular product rate only. If you are still in the introductory bonus period, you will continue to earn the bonus which will remain fixed above the new regular product rate. For example, your interest rate will be the new regular product rate + the bonus rate. You will still earn a higher interest rate compared to Business or Charity Bonus Easy Access accounts that have been open longer than the introductory bonus period.
Any change will be applied to your account within three days of the Bank of England base rate change.