The rate paid on households’ outstanding time deposits increased by 1bp to 2.85% in May and the rate for households’ new time deposits decreased by 2bps to 3.20%.
The effective rate on the stock of outstanding secured loans (mortgages) increased by 2bps to 3.35% in May and the new secured loan rate rose to 3.75%, an increase of 11bps on the month. The rate on outstanding unsecured personal loans decreased by 5bps to 7.43% in May and the new unsecured personal loan rate increased by 36bps to 7.26%. The credit card rate (all balances) fell to 10.84%, a 27bps decrease 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 1bp to 1.54% in May and the rate on PNFCs’ new time deposits fell by 17bps on the month to 0.68%. The rate on PNFC outstanding loans decreased by 2bps to 3.10% in May and the rate on new lending fell to 2.54%, an 18bps decrease on the month. (See Table B for PNFCs’ effective rates).
Click on the below images to enlarge
Click on the below images to enlarge
Tables
Table A and B - Summary of UK MFIs' (excluding Central Bank) effective interest rates
|
 Microsoft Excel Version (33kb) |
Comments and Queries
Click on the appropriate heading to access the file. To view these documents for best results you should use the latest Adobe 5.0 Reader.
If you have any comments/queries with regard to this release please
email us and we will be pleased to help.
Next release date: 30 July 2012