# UK interest rates and inflation today | ComputeNow URL: https://computenow.co.uk/guides/uk-interest-rates-and-inflation/ > Latest UK average mortgage, savings, loan and credit card rates from the Bank of England, with ONS inflation, and what they mean in pounds. This calculator shows a worked example below. To use your own figures, add them to the URL as query parameters (listed in https://computenow.co.uk/llms.txt), for example https://computenow.co.uk/guides/uk-interest-rates-and-inflation/?=. [Loans & savings guide](https://computenow.co.uk/guides/#loans) # UK interest rates and inflation today The average rates people are actually paying and earning, from the Bank of England and the ONS, and what they mean for a typical mortgage, loan, card and savings account. Published 18 October 2026UK By the ComputeNow team, checked against GOV.UK and HMRC[Sources (5)](#sources)[How we calculate](https://computenow.co.uk/methodology/) ## At a glance - **Bank Rate is 3.75%**; inflation is 3.5% (September 2026). - **The average 2-year fixed mortgage is 5.13%**: £1,184.38 a month on £200,000 over 25 years. - **Instant access savings pay 2.06% on average**, less than inflation. - **Credit cards charge 24.71% on average.** ## The latest figures | Rate | Latest | Source | | --- | --- | --- | | Bank Rate | 3.75% | Bank of England | | Inflation (CPI), past 12 months | 3.5% | ONS, September 2026 | | Inflation target | 2% | Bank of England | | 2-year fixed mortgage, 75% loan-to-value | 5.13% | Bank of England, September 2026 | | 2-year fixed mortgage, 60% loan-to-value | 5.01% | Bank of England, September 2026 | | 5-year fixed mortgage, 75% loan-to-value | 4.98% | Bank of England, September 2026 | | Standard variable (revert-to) rate | 6.58% | Bank of England, September 2026 | | Instant access savings | 2.06% | Bank of England, September 2026 | | Personal loan of £10,000 | 6.98% | Bank of England, September 2026 | | Credit card | 24.71% | Bank of England, September 2026 | | Average earnings growth | 3.7% | ONS, August 2026 | | House prices, past 12 months | 0.9% | ONS, August 2026 | | Private rents, past 12 months | 3.8% | ONS, September 2026 | ## What they mean in pounds | £200,000 mortgage over 25 years, 2-year fix | £1,184.38 a month | | --- | --- | | The same mortgage on the revert-to rate | £1,360.43 a month | | £10,000 loan over 5 years | £196.91 a month, £1,814.64 interest | | £2,000 card balance, paying £100 a month | 26 months, £523.44 interest | | £10,000 in instant access savings for a year | £206.00 interest | Coming off a fix onto the revert-to rate would cost £176.05 a month more on that mortgage, which is why it pays to switch before a deal ends. ## How we use these figures Our mortgage, savings, loan, credit card and pension calculators start with these averages, so you see a realistic result before you type anything. We update them when the Bank of England and the ONS publish new figures. Read [how we calculate](https://computenow.co.uk/methodology/). ## Bottom line These are averages across lenders and banks, so the deal you are offered will differ. We use them as starting values in our calculators so you can see a typical result straight away, then put in your own rate. This guide explains the rules; it is not personal financial advice. ## Related [Mortgage calculator Monthly repayments and total interest](https://computenow.co.uk/mortgage-calculator/)[Savings calculator How your savings grow with interest](https://computenow.co.uk/savings-calculator/)[Inflation calculator What money will be worth later](https://computenow.co.uk/inflation-calculator/) ## Guides and help ### Our guides [How much does it cost to buy a home? Deposit, stamp duty, mortgage and the income you need](https://computenow.co.uk/guides/cost-of-buying-a-home/)[How big could your pension be? Pension pots by the age you start saving](https://computenow.co.uk/guides/pension-pots-by-age/) ### Official services and free advice [Check your money is protected FSCS: cover if a bank or provider fails](https://www.fscs.org.uk/)[Check a firm is authorised FCA register: lenders, brokers and advisers](https://register.fca.org.uk/)[Bank of England inflation calculator Prices back to 1209](https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator) ## Article sources Each source was last checked on 18 October 2026. - [Bank of England: quoted household interest rates (September 2026)](https://www.bankofengland.co.uk/boeapps/database/FromShowColumns.asp?SearchText=IUMBV34&Travel=NIxAZx) - [Bank of England: inflation target and Bank Rate](https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate) - [ONS: Consumer price inflation](https://www.ons.gov.uk/economy/inflationandpriceindices) - [ONS: Average weekly earnings growth](https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/timeseries/kac3/lms) - [ONS: Private rent and house prices](https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/privaterentandhousepricesuk/latest) These results are an estimate, not financial advice. They use the 2026/27 rates in force on 24 October 2026 and the inputs shown, so your actual tax, pay or costs may differ. Before making a decision about your money, check the figures with HMRC or your provider, or speak to a regulated financial adviser. Free, impartial guidance is available from MoneyHelper. This page explains the rules using the 2026/27 rates in force on 24 October 2026. It is general information, not financial advice. For decisions about your own money, speak to a regulated financial adviser, or get free, impartial guidance from MoneyHelper.