Current UK Base and LIBOR Rates

This chart displays the current UK Base and LIBOR rates. To get more information move your mouse pointer over the chart.

Further Base and LIBOR Rates Information

source: Bank of England / British Bankers' Association

Libor rates from BBA are not compounded rates but are calculated on the basis of actual days in funding period/360. Therefore the formula is as follows: interest due = principal x (libor rate/100) x (actual no of days in interest period/360). Please note that for GBP) the calculation basis is 365 days. It is also important to work out the exact/actual number of days in the funding period which is not always 90 days for a 3 month deposit but could e.g. be 89 or 91 days. If you have a funding period of, for example, 45 days you could extrapolate between the 1 and the 2 month rate to arrive at the correct BBA LIBOR rate.

click here to find out more about libor rates from BBA