Overcome the Deposit Barrier With These Tips

16 March

The deposit barrier is a significant challenge for many people who wish to buy their own homes.  Saving up for a deposit can be a daunting task, especially for first-time homebuyers.  The good news is that there are various strategies and...[Read More]


23 February

The Bank of England has one of the world’s largest gold vaults. The Bank of England is the second-largest custodian of gold in the world, after the New York Federal Reserve. Overview We provide safe custody for the United Kingdom’s gold...[Read More]

Why have interest rates gone up?

4 February

On Thursday 2 February 2023, we raised our interest rate (Bank Rate) by 0.5 percentage points to 4%. Our interest rate influences many other rates in the UK, including those you might have for a loan, mortgage or savings account. Bank Rate is also...[Read More]

Bank Rate increased to 4% – February 2023

4 February

Monetary Policy Summary, February 2023 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 February 2023,...[Read More]

It’s becoming increasingly common to help your child with their first home

15 December

In this article, we’re going to look at three options to help you do this. Why not take a look at the pros and cons of each and choose the one that’s the best fit for you? 1. With a cash gift A lump sum of cash is a great way to raise the...[Read More]

What is quantitative easing? – Bank of England

20 October

Why does The bank of England use quantitative easing? It’s our job to keep the prices of things you buy low and stable, as this helps to support people’s jobs and incomes. Rising prices is called inflation and the UK government has set us...[Read More]

How to save money around the home during times of rising interest rates in the UK

13 October

With interest rates rising almost everywhere, including the United Kingdom, people have begun tightening their purse strings as best they can. However, decreasing spending to ensure your expenses match your reduced budget could mean barely any...[Read More]

Withdrawn paper £20 and £50 notes

6 October

Our paper £20 and £50 notes were withdrawn from circulation after 30 September 2022. We replaced them with our current £20 note in 2020 and current £50 note in 2021.   Exchanging old banknotes You may be able to deposit withdrawn...[Read More]