Coventry Building Society is holding its Society’s Standard Variable Rate (SVR) meaning borrowers will not see any change to their mortgage interest rate.
The Coventry is also increasing rates on 92% of balances in variable savings accounts on 1st September 2022.
Variable ISA savers will also benefit from bringing rates in line with equivalent non-ISA accounts.
The Society will publish the rate changes on its website next week.
Matthew Carter, head of savings and mortgages at Coventry Building Society, said: “Our decision to increase rates on the vast majority of variable savings balances and boost cash ISAs to align rates with non-ISA accounts reflects our commitment to delivering long term value to our members.
“We have continued to pass on as much as we can afford while protecting SVR borrowers from any increases.”
