Lending rate changes - 6 April 2023

Effective 6 April 2023, TSB increased its AgriBusiness, Commercial and Business variable and revolving credit interest rates as follows:

• A 0.50% increase to variable rates
• A 0.50% increase to the revolving credit rates

Because our rates have increased, the applicable interest rate for customers:

• with existing lending in place as at 6 April 2023; and
• whose current interest rate* is made up of one of the rates that is increasing,

will increase by the same amount as the increase in the relevant rate (this includes where a margin or discount is applied to your loan).

The increases for these customers will be effective from 20 April 2023.

Don't forget to read this bit

• The changes do not apply to fixed interest rate loans
• We’re happy to advise your specific rate and payment details on request.

_{*See your loan contract for information on which interest rate applies to your loan.}