It means the bank's Base Rate.
Barclays Bank Base Rate (BBBR) is a variable rate set by Barclays Bank PLC, which typically follows the Bank of England Base Rate but is not guaranteed to do so. BBBR is currently0.25%.
Generally default interest is reserved at 4 % above Base so your default rate is probably 4.25%.
Any questions or queries?
Happy to assist further.
Please can I kindly request that you accept /positive rate my reply otherwise the website will not pay me for assisting you. Many thanks
Do you need any further assistance? I am happy to help you further if necessary.
Please can I remind you that I do not get paid for answering your question unless you accept /positive rate my reply. Please can you take a moment to do this as I have answered your question. Many thanks.