Published: 27 January 2022
Darlington Building Society is increasing the interest rates on all variable rate savings accounts by 0.15% – passing on the full December 2021 Bank Base Rate increase to its saving members.
From 1 February, almost 76,000 savers will see their money work that little bit harder as a result.
In a further move to support its members, the Society is also holding its mortgage Standard Variable Rate (SVR). This means that SVR mortgage members will not see monthly repayment increases in-line December 2021’s Bank Base Rate increase.
Andrew Craddock, Chief Executive said: “Times are tough right now, so it is really important to me that we reward our loyal savers. We are going full steam ahead and applying the full 0.15% increase to 100% of our variable rate savings accounts from 1 February. This includes some already market-leading junior accounts.”
“We hope that this focus on savings will encourage more people to begin a savings habit. Putting away little and often is a great way to build a financial buffer and increase your financial resilience.”
For more information on building a savings habit, or Darlington Building Society savings accounts, visit our savings pages.
Alternatively you may wish to visit us to discuss your savings journey in one of our nine branches.