Interest Rate 2024 Uk. Interest is what you pay for borrowing money, and what banks pay you for saving money with them. Late payment interest rate — 7.50% from 20 august 2024 repayment interest rate — 4.00% from 20 august 2024 hmrc interest rates are shown in the following tables.

Breaking news and updates from the bank of. Interest is what you pay for borrowing money, and what banks pay you for saving money with them.