Wed. Jul 17th, 2024

How does the Bank of England base rate affect me? | Banking Products | HSBC

How does the Bank of England base rate affect me? | Banking Products | HSBC

The Bank of England base rate is the interest rate charged on money lent to banks.

This explainer video offers a short introduction to how the Bank of England base rate affects financial products, such as mortgages, some variable rate loans, overdrafts and credit cards.

Find out more at: https://www.hsbc.co.uk/help/bank-of-england-base-rate/#overview

For more information, visit:
Website: https://www.hsbc.co.uk/
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Twitter: https://twitter.com/HSBC_UK

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