The Secure Trust Bank Stock Funding Reference Rate was established from 1 December 2024 and is used for pricing Interest for our V12 Vehicle Finance Stock Funding product only. This rate is determined at the sole discretion of Secure Trust Bank to take account of its obtaining of funds and may vary at any time and from time to time.
What does this mean for you?
GREAT NEWS… The SFRR starting rate is 0.25% lower than the current CLRR! This will take effect from 1st December 2024. This means that our SFRR will be 6.35%. Your first payment for interest and fees linked to the reduced rate will be taken as normal, on 10th January 2025 via direct debit. All other account and vehicle level fees will remain unchanged.
Prior to the 1 December 2024 the Secure Trust Bank Commercial Lending Reference Rate was used for pricing Interest for our V12 Vehicle Finance Stock Funding product. Historic rates for the Secure Trust Bank Commercial Lending Reference Rate can be accessed from the link below.
| Percentage | Effective from |
|---|---|
| 6.35% | 1 December 2024 |
For our historical Commercial Lending Reference Rates, click here.
