The base rate influences what you're charged to borrow money - for example, if you have a mortgage or loan - as well as the ...
It comes after the Bank of England cut the base rate from 5% to 4.75% on 7 November. The Chase account pays a tracker rate, which is currently set at 1.25 percentage points below the base rate.
A tracker mortgage is a home loan where the interest rate you pay is based on an external rate - usually the Bank of England base rate - plus a set percentage. The base rate is currently at 4.5%. So, ...