Notices
  • Please note that our Online Saver (7) has been withdrawn from sale. Any customers that have recently applied for this account will have 15 calendar days to initially fund their account.

  • With more prizes available in the Monthly Free Prize Draws - effective from 1 October 2024. Find out more here

    New Windfall Bond account holders: Newly opened accounts need to be fully funded and nominated bank details registered before the end of August in order to be eligible for entry into the October Prize Draw.

    Existing Windfall Bond account holders: Current Windfall Bond account(s) will automatically be entered into the October Prize Draw; until then the prize draws will continue as normal.

  • Savings: Interest rates for Windfall Bond and Tracker Savings Bond will decrease by 0.25% from 1 September 2024. We will be writing to all customers individually to confirm the new rates.

    Mortgages: Tracker mortgages will change on 25 September 2024 and we will write to customers individually with revised payment details where the new rate exceeds the minimum rate (or ‘floor’) already applying to their mortgage.

    (Notice updated 05/08)

  • From Thursday 22 August, we reduced our rates on all our fixed rate mortgage products.

    From 19 September 2024, we'll also be reducing our Managed Mortgage Rates (MMR) by 0.25%. All on-sale discounted variable product rates and other details, including representative examples displayed on our website, have been updated to reflect these lower rates. We will be writing to existing customers who have been impacted by this change, shortly, with details relevant to them. Find out full details here.

Stamp duty research

Our research has revealed that Stamp Duty Land Tax is suffocating the housing market. A real change is needed.

In October 2017 we carried out research, in conjunction with the London School of Economics (LSE), looking at the effects of Stamp Duty Land Tax (SDLT) on the housing market and the wider economy, and its impact on household behaviour.

Following that, in July 2018 we undertook some further research with LSE looking at the impact of SDLT. 

We believe the Government needs to urgently review and revise its approach to SDLT and re-think its housing policy. A real change is needed. 


Our research reports

You can download the reports here:

Bank of Mum and Dad research

We looked at how families approach parental help when buying a property, creating a range of guides to help both parents and adult children through every step of the journey.

Find out more