This statistical release contains average interest rates across deposit or loan accounts with UK banks and building societies, calculated using data on rates and balances reported to us on statistical form ER.
- Effective rates on individuals’ new floating-rate mortgages increased by 7 basis points to 1.90%.
- Effective rates on individuals’ new fixed-rate bonds fixed between 1 and 2 years increased by 12 basis points to 1.10%.
- Effective rates on PNFC new loans fell by 20 basis points to 2.27%.
Effective Interest Rates - December 2016
Tables A and B
Revisions to tables
Further details about these data
Selected series and splits of the data are also available in Bankstats tables G1.4 and
G1.5.
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| Access granted to |
Organisation |
| Press Office |
Bank of England |
| Head of Credit & Markets, Debt and Reserves Management |
HM Treasury |
| Head of Household Sector Branch, Household Branch, Macroeconomic Analysis, Economics Group |
HM Treasury |
| Assistant Economist, Household Branch, Macroeconomic Analysis, Economics Group |
HM Treasury |
| Assistant Economist, Debt and Reserves Management |
HM Treasury |