Check a rate rise
A rise in Bank Rate does not change every debt. See what it could mean for your monthly interest, and which of your debts has the highest rate.
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Add what you owe
The current Bank Rate is 4%. The Bank of England put it up on 5 November 2026. Its next rate decision is due on 17 December 2026.
What these figures mean. Card and overdraft rates do not follow Bank Rate one for one. The firms that set them may leave rates as they are, or change them by a different amount. For this check, we assume each variable debt moves by the same number of percentage points as Bank Rate. This is an assumption, not a forecast. A fixed rate stays the same until its fixed period ends.
Your estimated interest
How we work it out
- We show one month's interest on the amount you owe now. We treat the rate you enter as a yearly APR, then turn it into a monthly rate.
- For a variable debt, we add the Bank Rate rise to your rate. If Bank Rate rose from 4% to 5%, we would show a card at 24.9% rising to 25.9%. Fixed rates stay the same.
- A tracker mortgage usually follows Bank Rate. With a standard variable rate, your mortgage firm sets the rate and decides if it changes.
- We list the highest rate first. Paying extra on that debt saves the most interest for each pound you pay off. Keep paying at least the minimum on every debt.
- Priority bills, such as rent, mortgage, council tax and energy, usually come first if you are behind. A free debt adviser can help you decide what to pay. If you cannot afford the minimum on your debts, speak to a free service above.
- Your browser does the sums on this page. Nothing you type is saved or sent to anyone.
The Bank Rates shown are examples. A rise to 4.25% would be one more quarter-point rise. The National Institute of Economic and Social Research (NIESR) expects rates to peak there next year, but says that will not be enough. The Sun reported on 11 November 2026 that rates may need to reach around 5%.
Where the facts come from
- Bank of England, Interest rates and Bank Rate: our latest decisionThe Bank of England put Bank Rate up to 4% on 5 November 2026. Its next decision is due on 17 December 2026.
- NIESR, Economic Outlook: Decisions Deferred (11 November 2026)NIESR expects one more rise, with a peak of 4.25%, but says this will not be enough. Market prices suggest Bank Rate could be around 4.75% next year.
- The Sun, Interest rates must soar to 5% to bring down high inflation, Bank of England warned (11 November 2026)Reports NIESR's view that rates need to reach around 5%. Some card and overdraft rates can rise with Bank Rate, depending on the account terms.
- StepChange Debt Charity, National Debtline, Citizens Advice, MoneyHelper and Christians Against PovertyPhone numbers and other contact details come from each service's own website.
Sources checked on 11 November 2026.
About this calculator. Dot Dot Loans made this calculator for you to use free of charge. The results are information, not advice. You can share it or link to it.
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