The rate paid on households’ outstanding time deposits decreased by 2bps to 2.84% in April and the rate for households’ new time deposits increased by 54bps to 3.22%.
The effective rate on the stock of outstanding secured loans (mortgages) increased by 1bp to 3.33% in April and the new secured loan rate remained at 3.64%. The rate on outstanding unsecured personal loans decreased by 1bp to 7.48% in April and the new unsecured personal loan rate increased by 2bps to 6.90%. The credit card rate (all balances) rose to 11.11%, a 28bps increase on the month. (See Table A for households’ effective rates).
The effective rate paid on private non-financial corporations’ (PNFCs) outstanding time deposits increased by 5bps to 1.53% in April and the rate on PNFCs’ new time deposits rose by 14bps on the month to 0.85%. The rate on PNFC outstanding loans remained at 3.13% in April and the rate on new lending increased by 12bps to 2.72%. (See Table B for PNFCs’ effective rates).
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Tables
Table A and B - Summary of UK MFIs' (excluding Central Bank) effective interest rates
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 Microsoft Excel Version (33kb) |
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Next release date: 3 July 2012