Region Pay Trust base rate

Region Pay Trust base rate currently 4.75% effective from 1st December 2024.

Who is affected?

Business and Charity Loans and overdraft customers

Historic Region Pay Trust base rates

Following the recent Bank of England (BoE) base rate increases we increased the Region Pay Trust base rate from 0.85% to 1% effective on 1st April 2022 (an increase of 0.15%) and then it increased to 1.15% on 3rd May 2022 (an increase of 0.15%).

• The Region Pay Trust base rate increased to 1.30% on Wednesday 1st June 2022.
• The Region Pay Trust base rate became 1.75% on 1st September 2022.
• The Region Pay Trust base rate became 2.25% effective from Saturday 1st October 2022.
• The Region Pay Trust base rate was 3% effective from Thursday 1st December 2022.
• The Region Pay Trust base rate became 3.50% effective from 1st February 2023.
• The Region Pay Trust base rate became 4.00% on the 1st March 2023.
• The Region Pay Trust base rate was 4.25% effective from 1st April 2023.
• The Region Pay Trust base rate became 4.50% effective from 9th June 2023.
• Region Pay Trust base rate became 5.00% effective from 1st August 2023.
• The Region Pay Trust base rate became 5.25% effective from 1st September 2023.
• The Region Pay Trust base rate became 5.00% effective from 1st September 2024.
• The Region Pay Trust base rate became 4.75% effective from 1st December 2024.

The changes outlined above will result in an increase to the interest rate applicable to your business or charity loan and any overdrafts you may have. Your facility agreement sets out how your repayments will change.

The Sterling Base Rate of Region Pay Trust is set by the bank from time to time taking account of the bank’s cost of funding. The rate does not automatically track the Bank of England Base Rate.